The Czech company boasted of a victory over Gazprom, but not everything is so clear

NET4GAS has been successful in the arbitration court in a dispute with Russia's Gazprom. This was reported in the press service of the Czech company.

It is reported that NET4GAS appealed to the Czech court due to the fact that the Russian company allegedly owed her payment for the lease of gas pipelines. According to the arbitration decision, Gazprom is obliged to pay the debt, including interest for late payment and court costs.

"In its decision, the arbitration commission agreed with the arguments of N4G and accepted its claim in full, that is, obliged GPE to pay the amount of the claim together with interest for late payment and reimbursement of court costs. Now N4G is considering its follow—up actions regarding the possibility of collecting the amount of debt," the company said.

Gazprom leased gas pipelines in the Czech Republic in order to be able to supply gas from the north of Germany to its south, to Austria and Slovakia. However, after the destruction of the Nord Stream-1 gas pipeline, Russian gas ceased to flow to the Czech Republic, and some transit routes remained unused. As a result, NET4GAS, which has been in the hands of the state since 2023, announced multibillion-dollar losses. Disputes between Gazprom and the Czech company have been going on since January 2023, when NET4GAS reported that Gazprom Export had not received the last monthly payments for the use of the gas transmission system stipulated in the contracts. Therefore, NET4GAS decided to initiate arbitration proceedings against the Russian gas supplier. However, in March 2024, Gazprom struck back and filed a case against NET4GAS in a court in St. Petersburg. Then the court determined that in case of violation of its decision, the Czech company must pay the Russian 112.96 million euros. Also the court in St. Petersburg has banned the Czech company from continuing arbitration proceedings on the dispute with this Russian company in the Czech court. In response, NET4GAS filed a cassation appeal to the Supreme Court of the Russian Federation against the ban on continuing proceedings with the Russian gas company abroad.