Gazprom's Austrian business files for insolvency over Uniper dispute – Reuters.com

VIENNA, April 14 (Reuters) – Russian gas group Gazprom’s (GAZP.MM) Austrian business has filed for insolvency and hopes to restructure, a lawyer for the company said on Friday, blaming a halt to Russian gas deliveries that he said resulted from a dispute with Germany’s Uniper (UN01.DE).

The German utility said in November it had launched an arbitration process in pursuit of billions of euros in compensation from Gazprom for undelivered gas, which brought the gas trader to the brink of collapse last year.

Gazprom’s export arm denied at the time that it was in breach of contract regarding gas supplies to Uniper and said it did not accept the legality of the company’s clai…

Read the full article at: https://www.reuters.com/business/energy/gazproms-austrian-unit-files-insolvency-over-uniper-dispute-2023-04-14/