Skip to comments.Lithuania wants Gazprom to pay back $1.5 billion it has overpaid
Posted on 05/08/2014 9:14:34 PM PDT by WhiskeyX
Lawyers say that Gazprom is likely to win the case
Lithuania has filed a claim against Russias gas utility Gazprom to a sum of about 1.5 billion U.S. dollars it had overpaid for Russian gas. Lawyers say that Gazprom is likely to win the case. But if it does not, more claims from other clients unhappy with its pricing policy are to follow.
Lithuanias authorities have filed a lawsuit with the Stockholm arbitration court demanding that Gazprom should recover a sum of about 1.87 billion U.S. dollars Lithuania had overpaid for illegal changes in the contract, writes RBC daily. Lithuanias ministry of energy claims that the Russian gas monopolist increased gas prices in the period from 2004 to 2012 in violation of the terms of privatization of Lietuvos Dujos
It is quite probable that other European countries that claim to have suffered from Gazprom pricing policies would take similar steps. As of today, Poland has followed the lead, he said.
(Excerpt) Read more at en.itar-tass.com ...