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| Name | Symbol | Market | Type |
|---|---|---|---|
| PJSC Gazprom (PK) | USOTC:OGZPY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.10 | 0.00 | 01:00:00 |
From May 2019 to May 2024
By Martin M. Sobczyk
WARSAW--Poland's gas firm PGNIG SA (PGN.WA) said Wednesday it sued Russia's OAO Gazprom (GAZP.RS) before an arbitration court in Stockholm demanding lower prices for natural gas.
State-controlled PGNIG said it had failed to reach a satisfactory outcome during negotiations with Gazprom, its main supplier.
The Polish company imports gas from Russia via pipelines crossing Belarus and Ukraine. The company in 2012 won a retroactive discount from Gazprom that added nearly $1 billion to its earnings that year.
A former Soviet satellite state, Poland has complained that it is paying more than some of its western neighbors for Russian gas, in a communist-era legacy that includes little infrastructure to import the resource from other directions.
In recent years, it has developed pipelines to Germany and the Czech Republic, and built a liquefied natural gas port to free itself from dependance on deliveries from Russia.
Write to Martin M. Sobczyk at Martin.Sobczyk@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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