Germany’s Uniper wins €13 billion arbitration against Russian energy giant Gazprom
German utility Uniper has won a multi-billion euro arbitration against former long-time supplier Gazprom, allowing it to terminate dormant gas supply contracts and potentially setting a precedent for similar cases. The ruling, announced on Wednesday, marks a significant victory for Uniper, which was rescued by the German government in 2022 after Russia’s Gazprom cut and later suspended gas supplies, forcing Uniper to buy replacement volumes at sky-high prices on the spot market. Landmark ruling and its implicationsThe arbitration tribunal in Stockholm issued the ruling on June 7, following a p...