The Polish government intends to seek the seizure of Gazprom’s assets in Europe as interim measures to pay compensation for $ 1.5 billion, which was awarded to the Polish energy concern PGNiG by the Arbitration court in Stockholm. Deputy Minister of state assets of the Republic Janusz Kowalski made this statement.
A few years ago, Ukrainian “Naftogaz” did this, he recalled. “Today, when we are faced with the question of how to recover from Gazprom more than 6 billion zlotys (1.5 billion dollars), which were awarded to the Polish side through the Arbitration Court in Stockholm in favor of PGNiG due to overpayment for gas, the best option, in my opinion, is a severe withdrawal. PGNiG is also following in this direction today,” he said.
As Janusz Kowalski stressed, “this path requires further procedural actions.” “We can say that all the key projects implemented in Europe by Gazprom and its subsidiaries can ultimately serve to repay debts to Poland effectively,” he said.
“First of all, if the Russians still do not respect the law, then, in my opinion, it is a good idea to use the shares of Nord Stream AG and Nord Stream 2 AG in the first place. This may also lead to a delay in the implementation of the “Nord Stream-2″ project,” Kovalsky added, stressing that no concessions can be made in the case of receiving compensation from Gazprom.
In his opinion, PGNiG will choose the most effective way to achieve compensation. “The independent arbitration in Stockholm recognized our rightness,” the representative of the Polish government stated.
At the end of March, PGNIG announced that it had won arbitration with Gazprom over gas prices. According to the company, the amount of compensation will be 1.5 billion dollars. “Gazprom export,” said that it is studying the court’s decision and believes that it is premature to give any estimates of the number of possible payments.
According to the court decision, according to the Polish company, the price of gas supplied by Gazprom under the Yamal contract was reduced following market quotations. The new contract price set by the arbitration Tribunal relates to gas deliveries starting from 1 November 2014, i.e., from the date when PGNiG submitted a request for review.