Gail initiates legal proceedings against Gazprom for non-supply of LNG; files for arbitration in London
State-owned Gail India on Friday said it has initiated legal proceedings against an arm of the Russian energy giant Gazprom for non-delivery of LNG. The company’s chairman and managing director SK Gupta said Gail is seeking damages from Gazprom, but declined to spell out the amount being pressed for.
It has filed for arbitration in London and also appointed an arbitrator, Gupta said, adding that Gazprom is yet to appoint its representative.
A September 2022 news report said the central government is looking at the issue on a bilateral basis and was against pursuing arbitration or seeking any damages.
