WARSAW, Poland — Poland's state gas company says it will seek $1.5 billion from Russia's Gazprom after an international arbitration court in Stockholm said Gazprom was overcharging Poland. In 2014, the company, called PGNiG, took the case of the Yamal contract prices to the Arbitration Institute in Stockholm. The company said in a statement late Monday that the ruling, which is binding, confirmed Russia's prices as excessive. The ruling paves the way for the Polish company to seek a refund going back to 2014. Poland is in the process of reducing its dependence on Russian gas and is importing liquefied natural gas from Qatar, the U.S. and other suppliers.

Source: International New York Times March 31, 2020 15:45 UTC