Uniper sued Gazprom last year, claiming damages caused by undelivered gas
The CEO of Germany’s largest gas importer, Uniper, commented on Tuesday on the company’s current standoff with Russian energy giant Gazprom, according to media reports.
Michael Lewis spoke to reporters at a press conference following the company’s release of its earnings for the first half of the year.
Uniper launched arbitration proceedings against Gazprom Export (a subsidiary of Gazprom) last year, claiming damages due to undelivered gas supplies.
According to Lewis, Uniper is not expecting a ruling until at least next year, TASS news agency reported.
Lewis added that he does not expect Russian gas supplies to resume.
“At present, we really don’t see much possibility of Gazprom Export supplying gas again,” TASS quoted him as saying.
Last November, Uniper filed a claim with the Arbitration Tribunal in Stockholm to recover losses of €11.6 billion ($12.7 billion) from Gazprom Export for gas deliveries that were agreed under a contract but not made. That forced Uniper to buy “replacement gas” from other suppliers at “extremely high market prices.”
