The Polish company is suing Gazprom. He wants billions

According to Business Insider, EuRoPol Gaz filed an arbitration claim in a Swedish court on May 9. The company owns part of the Yamal-Europe gas pipeline and is seeking compensation from the Russian company for lost profits in the amount of PLN 5 billion and USD 285 million for damages caused after Russia turned off the gas valve.

Russia shuts off the gas valve

Last spring, Poland refused to pay Russia rubles for gas supplied through the Yamal-Europe pipeline. The contract for the gas supply was supposed to be concluded until 2045, but last year Gazprom said it would stop gas supplies due to a refusal to make payments in Russian currency.

The Yamal-Europe gas pipeline has more than 4 thousand kilometers and passes through the territory of Belarus. With its help, blue fuel was delivered, including to Poland and Germany.

enough gas

The situation in the energy market is very dynamic. Prices on the exchanges are changing, but so is the demand for raw materials. Just a year ago, when Russia overnight turned off the gas valve to some recipients (including Poland), it seemed that there might be a shortage of gas, a cold winter awaits us, and nitrogen plants and other plants consuming huge amounts of gas are in danger of temporary shutdown. Troubles happened, but temporary, according to Bloomberg.

The agency notes that we have almost too much gas. Russia’s nervous actions have forced European recipients to increase purchases from other directions, and they have become more interested in other types of gas, primarily LNG. Material evidence that gas saturation exceeds demand is provided by gas tankers filled with raw materials, waiting for buyers in ports.