Finnish gas supplier goes to arbitration court

Finnish energy supplier Gasum is suing Gazprom before an arbitration court. Tuesday, the state-owned company said it would not comply with the Russian group’s disputed new payment instructions. “In this situation, Gasum had no other option but to take the contract to arbitration,” CEO Mika Wiljanen said, according to a statement. Gasum’s announcement raises risks Gazprom cutting off supplies soon, ICIS analyst Tom Marzec-Manser commented on Twitter. Replacements would have to come from other EU countries.

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