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Commercial awardUnpaid

NET4GAS v. Gazprom Export

Gas transit capacity contracts

Headline amount
€113M≈$126.4M · Principal
Respondent
RussiaState-owned entity
Awarded
Sep 2024First of three awards. Further awards June 2025 and May 22, 2026
Status
UnpaidNothing collected

Latest development May 22, 2026

The tribunal issued a third award.

The award

Amount awarded
€113M plus interest (first award). Amounts of the second and third awards not verified.
Award holder
NET4GAS s.r.o. (Czech state-owned gas transmission operator)
Respondent
Gazprom Export LLC
Forum
Arbitration Court attached to the Czech Chamber of Commerce and the Agricultural Chamber

Challenges

A Russian anti-arbitration injunction (March 2024) carries a €112.96M penalty, and a St. Petersburg ruling of June 15, 2026 threatens further fines. A Czech court granted an anti-suit interim measure.

Enforcement

None reported.

Recovered to date

None reported

Notes

The total across the three awards is higher than the headline.