MOSCOW (Sputnik) — The Arbitration Institute of the Stockholm Chamber of Commerce (SCC) dismissed a suit by Lithuania against Russia's Gazprom energy company on 1.4 billion euro ($1.58 billion) compensation for allegedly unfair gas prices, Lithuanian Minister of Energy Rokas Masiulis said Wednesday.
"Stockholm Arbitration Institute has not found any violations by the Russian company," Masiulis said.
He also noted that Lithuania was disappointed by the decision.
"The arbitration [institute] drew attention to the fact that the expression 'fair price' is abstract to estimate a possible damage," the minister said.
In October 2012, Lithuania sued Gazprom in the SCC, asking for compensation from the company for overcharging gas consumers in Lithuania between 2004 and 2012.