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Policy & Regulation

PGNiG, Gazprom ready for new gas contract meeting

Gazprom officials have confirmed there will be a new meeting this week aimed at settling the company’s arbitration case with Poland’s PGNiG Gazprom officials have confirmed there will be a new meeting this week aimed at settling the company’s arbitration case with Poland’s PGNiG.
By Joshua Posaner 1 June 2016 Europe & Russia / Policy & Regulation 0 20502
Poland’s dependence on Russia for gas has been a driving factor behind the LNG terminal in Swinoujscie. (Polskie LNG)

An out-of-court settlement in Gazprom’s case with Polish importer PGNiG is still a possibility as the two sides prepare to meet again, Gazprom’s Deputy Chief Executive Alexander Medvedev said at a press conference on Tuesday.

Setting out Russia’s side in the long-running dispute, Medvedev said negotiators from Gazprom and PGNiG will meet this week to discuss adjustments to the long-term Yamal contract, which is set to run until 2022. PGNIG began arbitration proceedings at the Stockholm courts last May and said it had filed its case...