– The demand for an increase in the contract price included in Gazprom’s tender offer is completely unfounded. We are prepared to prove it before the Arbitration Tribunal – says Paweł Majewski, President of the Management Board of PGNiG SA in the announcement.
“PGNiG is continuing its efforts to change the price conditions for natural gas supplies under the Yamal contract. Gazprom’s requests for renegotiation were submitted in response to PGNiG’s requests to lower the contract price of November 1, 2017 and November 1, 2020, however, in the conditions of record-high gas prices in Europe, the PGNiG application of November 2020 was modified on October 28, 2021, “the Polish company informs.
See also: Gazprom on accusations that it is holding gas supplies to the west: lies and slander
The submission of a call for arbitration by Gazprom initiates the dispute settlement procedure specified in the Yamal contract. “PGNiG is taking appropriate steps in this matter to assert its rights and protect the company’s interests,” reads the release.
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