Friday, November 22, 2024

Gazprom, Engie Settle Pricing Dispute

Posted by April 11, 2016

Russia's Gazprom said on Monday it had agreed to change prices in a supply deal with France's Engie and the French energy group had halted arbitration proceedings.

 
Gazprom said in February Engie was suing its Gazprom Export subsidiary to revise prices on a natural gas supply contract. Engie filed a suit at the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) on Dec. 23 last year, Gazprom said.
 
 
(Reporting by Denis Pinchuk and Vladimir Soldatkin; Writing by Jack Stubbs; Editing by Susan Thomas)

Related News