German gas company Uniper plans on suing Gazprom

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Photo by Ilse Driessen/Unsplash.com

The gas importer has accused Gazprom for not delivering gas since June  

The German gas company Uniper has announced that they are suing Gazprom for damages. According to a report by the Associated Press, the company said on Wednesday, November 30, that the plans to sue Gazprom are for damages over natural gas that has not been delivered since June.  

“We are claiming recovery of our significant financial damages in these proceedings”, said Klaus-Dieter Maubach Uniper CEO, in a statement according to the report. He also said, “It’s about gas volumes that were contractually agreed with Gazprom but not delivered and for which we had to procure replacements at extremely high market prices and still have to do so”.  

The report said, Uniper has already started the proceeding against Gazprom export in Stockholm, at an Internation arbitration tribunal. The company stated that cost of gas that Russia failed to supply to them amounts to over € 11.6 billion euros and this cost will continue to increase until the end of 2024,  

Gazprom reportedly started to reduce the supply of gas in mid-June this year. The report states, Russians blamed technical problems for the reduction in gas supply through the Nord Stream 1 pipeline that transports gas from under the Baltic Sea to Germany.  

But German official have dismissed these claims by the Russians, calling it a cover-up for political decision. They have also said that Russia has done this to create uncertainty and also in order to push the prices of gas higher.


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