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14.01.2022
Arbitration between Gazprom and PGNiG concerning the contract price under the Yamal Contract
On 14 January 2022, Polskie Górnictwo Naftowe i Gazownictwo received a notice of arbitration before the ad hoc Arbitral Tribunal in Stockholm from the counsel of PAO Gazprom and OOO Gazprom Export of arbitration. The notice includes a request for the revision of the contract price for natural gas supplied by Gazprom based on the Yamal Contract. Gazprom expects a retroactive increase of the contract price based on Gazprom’s revision requests of 8 December 2017 and 9 November 2020.
