PGNiG sues Gazprom
13:36
Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) filed a claim against OAO Gazprom and OOO Gazprom Export in arbitration proceedings pending before the Arbitration Court in Stockholm in order to "bring the contract in line with the conditions currently prevailing on the European natural gas market," a press release read.
The claim is part of the arbitration procedure initiated by PGNiG on May 13, 2015 to change the price terms of the long-term gas supply contract of September 25, 1996.
Due to the confidential nature of the arbitration proceedings, PGNiG said it will not disclose any details about the action or the company’s claims.
"The pending arbitration proceedings do not preclude the parties from holding commercial negotiations to reach an agreement," PGNIG's statement also read.
