Support The Moscow Times!

E.On Seeks Price Arbitration

Gazprom said German utility E.On decided to seek arbitration after yearlong talks on a gas-pricing formula failed to produce an agreement.

Negotiations will continue while arbitration is under way, Sergei Chelpanov, deputy head of Gazprom's export unit, said Monday.

Gazprom's pricing formula for E.On was adjusted from January 2010 after "prolonged negotiations," Chelpanov said. A month later E.On requested further changes, and talks have since failed to find a solution, he said. A spokesman for E.On in Essen, Germany, confirmed that the company had initiated arbitration.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.