Industry: Gas distribution & transmission
RWE reports win against Gazprom
German energy company RWE says it prevailed in its ICC arbitration with Gazprom’s export arm over gas supplies halted following Russia’s invasion of Ukraine.
20 March 2025
Venture Global settles with construction contractor
US gas exporter Venture Global has paid US$320 million to satisfy two ICC awards won by a contractor that built its LNG facility in the Gulf of Mexico – as it faces arbitrations worth more than US$7 billion brought by customers for non-delivery of promised cargoes.
10 March 2025
Endesa faces another LNG price review
Spanish electric utility Endesa has instructed counsel to defend it in a US$308 million price review arbitration brought under a long-term contract for supply of liquefied natural gas – months after defeating a US$650 million claim in a separate arbitration.
03 March 2025
European banks seek to reverse injunctions against Gazprom venture
Italy’s UniCredit has asked a UK court to lift an anti-suit injunction it won against a Gazprom joint venture because it faces “potentially draconian financial consequences” in parallel proceedings in Russia – and says two other European banks have made similar applications.
06 February 2025
Austrian energy company reports another win against Gazprom
Austrian energy group OMV says it has won an SCC award worth €48 million against Russia’s Gazprom over a terminated gas supply contract – months after winning another award against the Russian entity over a separate agreement.
05 February 2025
Ukraine beats bid to revive multibillion-dollar ECT claim
A Swedish court has rejected a bid by entities associated with oligarch Igor Kolomoisky to revive a US$6 billion Energy Charter Treaty claim against Ukraine – despite finding that the grounds for dismissing the case were wrongly decided.
03 February 2025
Former Gazprom unit settles with Indian state entity
India’s state-owned gas company GAIL says that a former Gazprom unit has agreed to pay US$285 million to end their LCIA dispute over disrupted LNG supplies.
16 January 2025
Jordanian businessman brings another ICSID claim against Egypt
A Jordanian investor is set to file an ICSID claim against Egypt over a project to build a gas terminal along the Suez Canal – having brought three earlier cases against the state that were settled.
22 November 2024
ICC panel behind latest Gazprom award comes to light
Arbitrators from Egypt, Switzerland and Turkey made up the ICC tribunal that issued a €230 million award against Russia’s Gazprom last week.
18 November 2024
Austrian energy group wins ICC award against Gazprom
Austrian energy group OMV says it has won €230 million in an ICC claim against Russia’s Gazprom over a contract to supply gas to the German market – and intends to pursue enforcement immediately.
14 November 2024