Ukraine (bbabo.net), - German Uniper initiated arbitration proceedings against Gazprom Export in the international arbitration court. This was announced by Uniper CEO Klaus-Dieter Maubach.
“In the course of the proceedings, which will be held in Stockholm, Uniper is demanding compensation for the losses incurred by the company in connection with the volumes of gas not supplied by the company since June. Uniper compensates for shortfalls by purchasing gas at a higher price to meet its own delivery obligations to customers. Additional costs already amount to at least 11.6 billion euros and will continue to grow until the end of 2024,” Uniper reports.
CEO Klaus-Dieter Maubach explained that the company incurred the costs, but they are not its responsibility.
Uniper is Germany's largest gas importer. Deliveries of Russian fuel began to decline after Gazprom began to reduce the capacity of Nord Stream due to the situation with turbines. Due to Canadian sanctions, the repaired gas compressor unit (GPU) could not be returned from repair. Gazprom reported that other gas compressor units also require preventive maintenance. As a result, the gas pipeline was stopped, followed by a sabotage and Nord Stream cannot operate due to damage.
There is a Yamal-Europe route, but the Russian government has imposed counter-sanctions against the operator. On the Ukrainian route, Gazprom has about 30 million cubic meters of free transit capacity per day, but does not use them. The company demands the restoration of gas supplies at one of the two receiving points - "Sokhravka". It was stopped by the Ukrainian side, which refuses to resume its work, as it is controlled by Russian troops.
As reported by bbabo.net, Finnish Gasum earlier applied to the arbitration court for the execution of a contract with Gazprom, which stopped deliveries, as the company refused to switch to a new payment mechanism. The arbitral tribunal ordered the companies to continue negotiations and resolve the differences.
Gazprom explained that the tribunal recognized the issuance of Decree of the President of the Russian Federation No. 172 dated March 31, 2022 on the transition to payment for gas in rubles as a force majeure circumstance under the contract.
“Thus, the tribunal confirmed the legitimacy of suspending natural gas supplies if the buyer fails to pay in rubles in accordance with Decree of the President of the Russian Federation No. 172 of March 31, 2022,” the Russian company said. They specified that the court ruled that the Finnish company should pay off its debts.
“The Arbitration Tribunal, in its decision, among other things, ordered Gazum to pay Gazprom Export a debt of more than 300 million euros for gas supplies and in connection with the failure to fulfill the “take or pay” obligation, as well as interest for late payment,” — reported in Gazprom.