Reported 7 months ago
Uniper SE has been awarded more than €13 billion in damages from Gazprom PJSC for gas volumes not supplied since mid-2022, allowing the German utility to terminate Russian supply contracts and raising concerns over gas flows to Europe. The arbitration ruling has the potential to impact gas imports across Europe, with possibilities of payment redirection by importers like Austrian OMV AG. The move marks a significant milestone for Uniper's return to the stock market and may influence similar cases in Europe, with uncertain outcomes regarding Gazprom's payment of damages.
Source: YAHOO