Stockholm rules against Gazprom

  • 2011-06-27
  • TBT Staff

STOCKHOLM - An arbitration in Stockholm has dismissed a complaint by Russian gas giant Gazprom against Lithuania.

The Arbitration Institute of the Stockholm Chamber of Commerce ruled against Gazprom. The company seeked to block a case in Lithuanian courts over the inner workings of Lietuvos Dujos (Lithuanian Gas), which is partially owned by Gazprom.

The Lithuanian government -- also a minority shareholder in the company, with around half the shares of Gazprom -- accuses the comapny of working on behalf of Gazprom rather than public interest.