PRAGUE, May 24 (Reuters) - An International Chamber of
Commerce (ICC) tribunal has prohibited Russia's Gazprom
from continuing with Russian legal proceedings against
CEZ, the Czech energy company said.
In a statement late on Thursday, CEZ said the ICC Tribunal
granted a request confirming that disputes between the companies
should be resolved in ICC arbitration, not in Russian courts.
In February 2023, CEZ sought compensation of around 1
billion crowns ($44 million) from Gazprom due to
lower-than-contracted gas supplies in 2022, in the wake of
Russia's invasion of Ukraine.
The Kremlin-controlled energy giant Gazprom last month filed
lawsuits against CEZ and others as it aimed to move court cases
to Russia from international arbitration.
CEZ said in its statement that Gazprom was bound by an
arbitration clause agreed with CEZ under which disputes related
to gas supplies would be settled before the ICC. It had applied
for an interim measure in this instance, which was given.
"The Tribunal granted our request, confirming that disputes
between the companies should be resolved in ICC arbitration, not
in front of Russian courts," CEZ said.
Gazprom did not immediately reply to a request for comment.
On Wednesday, a Russian court ruling banned Austrian energy
company OMV Gas Marketing and Trading GmbH from
pursuing arbitration proceedings in Stockholm against Gazprom's
exporting arm.
The court threatened to fine OMV 575.2 million euros. OMV
said it considered the Russian legal proceedings to be
illegitimate.
The Czech Republic was nearly completely dependent on
Russian gas supplies, mostly through the Nord Stream pipeline
and Germany, until 2022 when Russia reduced shipments as
relations with the West deteriorated sharply. It has replaced
supplies with pipeline and LNG gas from other sources.
($1 = 22.8330 Czech crowns)