07:27 GMT +3 hours25 August 2016
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Poland Sues Gazprom Over Oil Prices Company

© Sputnik/ Ramil Sitdikov
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Poland’s state-controlled oil and gas company PGNiG filed a lawsuit against Russia’s energy giant Gazprom over gas prices, according to the company’s statement.

MOSCOW (Sputnik) — According to the document, the sides may hold negotiations and reach a deal outside the court.

"Polish Oil and Gas Company has filed a lawsuit against JSC Gazprom and Gazprom Export LLC at the Stockholm Arbitration Court," the statement published Monday reads.

The law suit follows PGNiG’s 2014 call for Gazprom to revise their gas price deal in line with recent gas market trends.

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oil prices, Gazprom
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  • marcanhalt
    I would love to see this filing! If it is not an action to prove fraud, the contract has to be honored. If it is an extortion by means of a court order compelling both sides to renegotiate, there has to be something in that contract that states that when gas/oil prices fluctuate that there is a justifiable clause stating they must. If Gazprom renegotiates out of good faith, then Ukraine will be right behind this action. As I said, I would like to see the merits of the case first. Nothing said here by Sputnik to help us out either, Too bad, too.
  • rajivalgoo
    Is the current price a part of a contractual agreement? If so then a change in the price can nullify the contract and Gasprom will be free to negotiate new terms for a new contract. Perhaps Russia can draw a new contract based on current political and economic conditions that prevail.
  • If all the above said are not true/not in the agreement.. then ask them to find a new supplier.. this ain't the west no more when they say "chicks for free" hehehe.. then maybe I will sue my supplied gas company too.. hehehe hahaha
  • backfromthegraav
    Poles ... why nt buy from Ukraine ... and Ukraine buy from Poles

    problem solved !
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