Gazprom potentially faces huge damages claim

Finnish Gasum has reported that Gazprom will be brought before an arbitration court for shutting off gas, while Ørsted talks of a ”lengthy legal process” ahead.

BY NIELS SANDØE, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Finland’s biggest gas company plans to bring Russian state-owned Gazprom to a court of arbitration for shutting off gas in the wake of Finland’s refusal to pay for gas deliveries in rubles. A written response from Danish utility Ørsted points to similar considerations. According to an law firm specializing in energy matters, Gazprom risks being stuck with quite hefty damages claims.

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Russia to cut off gas supplies to Finland
OPEC considers suspending Russia from production deal
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Gazprom stops gas export to Denmark Wednesday
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