OREANDA-NEWS. Arbitration court rules in favour of RWE on price revision of its long-term gas supply contract with Gazprom

An arbitral tribunal granted RWE's request for a revision of the purchase price payable by RWE for the natural gas supplied under its long-term gas supply contract with Gazprom. In its final award, the tribunal awarded RWE a reimbursement for payments made since May 2010 and adjusted the purchase price formula of the contract by also introducing a gas market indexation, which according to the arbitral tribunal reflects the relevant conditions on the gas market at the time of the price revision in May 2010.

RWE is currently analysing the award and the effect on its full year guidance in detail. RWE will inform about the financial implications of the ruling in short-term.