Gasum takes its natural gas supply contract to arbitration
Gasum has a long-term gas supply contract with Russian Gazprom Export, the details of which the companies have been negotiating since autumn last year. In April, Gazprom Export sent Gasum a letter, requirering that going forward the payments agreed in the supply contract should be made in rubles instead of euros. In addition, Gazprom Export has made other claims on Gasum regarding the supply contract.Gasum does not accept Gazprom Export's requirement to switch to ruble payments and will consequently not make payments in rubles or under Gazprom Export’s proposed payment arrangement. In