Gas dispute: Russia paid Poland half a billion dollars

Gazprom still hopes to appeal against the decision of the Stockholm arbitration

Russian “Gazprom” has returned to the Polish oil and gas state company PGNiG overpayment for gas in accordance with the decision of the Stockholm arbitration. We are talking about $ 1.5 billion dollars, which is the decision of the court must be paid by 1 July. About it reports “Interfax” with reference to data from PGNiG.

“Gazprom export” listed Polish company PGNiG cash due to return in connection with the decision of the arbitration Tribunal in respect of price revision in 2014, according to the contract of purchase and sale of gas to the Republic of Poland” – is a statement of “Gazprom export”.

At the same time in “Gazprom” and “Gazprom export” continue to appeal the decision of the arbitration. The Russian companies believe that the transfer of funds will not affect their position in the course of the appeal.

A new reality: the Russian “Gazprom” has faced problems because of coronaries

Arbitration proceedings against “Gazprom” and “Gazprom export” Polish PGNiG initiated in 2015. The company was required to revise the price of natural gas supplied to Poland under the contract of September 25, 1996. He was for the supply of 10 billion cubic meters of gas per year, the minimum annual contract quantity — 8.7 billion cubic meters per year.