26-06-2025
German Utility VNG Pauses Arbitration Claim Against Gazprom
German utility VNG AG has suspended its legal action against Russia's Gazprom PJSC as the prospect of recovering funds dims, people with knowledge of the matter said.
Despite winning arbitration claims after Gazprom failed to fulfill supply contracts in 2022, companies such as Uniper SE are struggling to extract compensation payments. That's partly because the Russian gas giant's international assets shrank following the nationalization of Gazprom Germania at the height of Europe's energy crisis.
