European companies demand €18 billion in compensation from Russian Gazprom
www.pravda.com.ua
Tue, 11 Mar 2025 12:17:07 +0200

European energy companies have filed lawsuits against Gazprom, seeking a total of 18 billion in compensation for the termination of gas supplies.
This amount is nearly double the Russian energy giants available cash reserves.
Source Russian news agency Interfax Details The largest claim, amounting to 14.3bn, was filed by the German company Uniper.
In June 2024, the Stockholm arbitration court ruled fully in Unipers favour.
Polands Europol Gaz is demanding 1.55bn for losses incurred due to the shutdown of the YamalEurope gas pipeline.
Other claimants include Engie France 305 million OMV Austria 575 million CEZ Czechia 58 million ZSE Energia and Vychodoslovenska energetika Slovakia 9 million and 4 million, respectively DXT Commodities Switzerland 385 million Axpo Solutions Switzerland 623 millioGazprom has responded with 13 counterclaims in the St Petersburg arbitration court in an attempt to block proceedings outside Russia.
The total amount of claims is nearly equivalent to Gazproms annual revenue from gas exports, which includes US10bn from sales to Europe and Trkiye, US7bn from exports to China, and US2bn from deliveries to CIS and Central Asian countries.
As of 30 September 2024, Gazproms financial reserves stood at 933 billion roubles approximately US10.8bn, which covers only half of the outstanding claims.
Background Gazprom has been ordered to pay Czech semistate energy company EZ over CZK 1bn more than 40m in compensation for failing to meet its contractual gas supply obligations.
Meanwhile, gas deliveries via the TurkStream pipeline reached a historic high of over 50 million cubic metres per day after the transit of Russian gas through Ukraine was halted in January 2025. Support Ukrainska Pravda on Patreon
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