09/02/2023

ČEZ initiated arbitration against Gazprom

Yesterday, 8 February 2023, ČEZ, a. s. formally initiated arbitration proceedings against Gazprom export LLC by submitting a Request for Arbitration under the rules of the International Chamber of Commerce (ICC).

ČEZ seeks to recover damages of approximately CZK 1 billion arising from Gazprom export LLC’s significant underdeliveries of natural gas supplies in 2022. The arbitration is seated in Geneva and will be settled by a three-member arbitral tribunal.

News on the topic

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Czech Republic: EIB to finance modernisation of ČEZ's distribution grid and connection of new renewable energy sources with a record-breaking loan of €790 million

11/30/2022

Elektrárna Dukovany II, a. s., a ČEZ Group company, has received bids from three bidders for the construction of a new nuclear power source in Dukovany

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ČEZ Group earned CZK 18.7 billion in the third quarter, a total of CZK 52 billion in the first three quarters