Another German energy firm sues Gazprom

RWE reportedly wants more than $400 million in compensation for missing gas supplies German energy company RWE has launched arbitration proceedings against Russia’s state-owned oil and gas giant Gazprom over allegedly undelivered volumes of gas, the firm’s spokesman told the Handelsblatt newspaper on Monday. Although RWE’s reliance on supplies from Gazprom was relatively low and was due to cover 15 terawatt hours (TWh) by next year, experts say the company may seek hundreds of millions of dollars in compensation for missing deliveries, which were reportedly reduced by 4 TWh. In June, an analyst from Stifel Researc

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