18 April 2024
Lithuania arbitration case against Gazprom dismissed
Publication date: 23 June 2016
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A Stockholm arbitration court has rejected a EUR 1.5 billion claim by Lithuania related to its pipeline supply contract with Russian gas giant Gazprom between the years 2006-2015, Gazprom said this week.
The Arbitration Institute of the Stockholm Chamber of Commerce (SCC) rejected all of Lithuania’s allegations of “unfair prices” of Russian gas sold to Lithuanian gas company Lietuvos Dujos, in which Gazprom used to hold a stake.