Stockholm Court of Arbitration rules in favor of Naftogaz in its dispute with Gazprom

The Stockholm Court of Arbitration has honored in full the appeal of Naftogaz on the take or pay principle in its treaty for gas supply with Gazprom. Also the court ruled that a price review should be retroactively done dating back to 2014. The ruling should have serious consequence for the contractual base of relations between Gazprom and its clients in Europe.

 

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