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
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