Gasum to continue negotiations regarding natural gas supply contract after a decision from the arbitral tribunal
Gasum has a long-term natural gas supply contract with Russian Gazprom Export. Last April, Gazprom Export presented Gasum with a demand that the payments agreed in the supply contract should be paid in rubles instead of euros. Gasum did not accept this demand. In addition, the companies had a significant disagreement regarding certain other demands made based on the agreement. Due to these reasons, Gasum referred the matter to arbitration in accordance with the supply contract. Gazprom Export ceased gas supplies to Gasum in May. On November 14, the arbitral tribunal issued an award in