Gazprom sees amicable end to gas contract row
Arbitration filed against Russian exporter by European utilities are expected to end “amicably”
Gas contract arbitration claims filed against Gazprom by European utilities are expected to end “amicably”, the Russian gas export monopoly said.Poland’s PGNiG and Germany’s E.On and RWE are taking on Gazprom over loss-making oil-indexed gas contracts. The European utilities have shed billions of dollars after locking into Russian gas bought on long-term contracts linked with crude prices – which have risen sharply since 2009 – and selling at hub levels, which have remained relatively flat.“We will find a solution out of court... and basically we’re moving in that direction," Sergei Komlev, head of contract structuring and price formation at Gazprom Export, said in an interview with Petroleu
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
