PGNiG expects Gazprom dispute to be solved by end-March

According to the CEO of WSE-listed gas giant PGNiG the last hearing in the arbitration case against the Russian peer Gazprom has been scheduled for the last decade of March. “Afterward, we expect the ruling to be passed within weeks, not months,” Piotr Woźniak added. Back in November, PGNiG filed a motion to renegotiate the contract price of natural gas deliveries through the Yamal pipeline. According to the terms of the deal, both sides can renegotiate the prices within the 3 years after the last correction has been made. PGNiG filed such motion three years ago, which was denied by Gazprom. PGNiG sued the decision, but no verdict has been made yet.