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CEZ Group Media Press releases ČEZ initiated arbitration against Gazprom

9. 2. 2023

Economics and financial news

ČEZ initiated arbitration against Gazprom

Yesterday, 8 February 2023, ČEZ, a. s. formally initiated arbitration proceedings against Gazprom export LLC by submitting a Request for Arbitration under the rules of the International Chamber of Commerce (ICC).

ČEZ seeks to recover damages of approximately CZK 1 billion arising from Gazprom export LLC’s significant underdeliveries of natural gas supplies in 2022. The arbitration is seated in Geneva and will be settled by a three-member arbitral tribunal.

Ladislav Kříž , CEZ spokesman

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