Published by Global Banking & Finance Review®
Posted on June 26, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleVNG has paused its arbitration claim against Gazprom due to high legal costs and low recovery prospects, following similar actions by other firms.
(Reuters) -Eastern German gas company VNG, majority-owned by utility EnBW, has suspended its legal action against Russia's Gazprom as the prospect of recovering funds dims, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
VNG, which previously sourced most of its gas from Gazprom, joins other firms putting legal actions on hold, the report said.
High legal fees provide another reason for the suspension, the report added.
Reuters could not immediately confirm the report.
VNG declined to comment. Gazprom could not be immediately reached.
Uniper, which has been locked in a bitter legal tussle with former main gas supplier Gazprom, said last month it recouped additional claims during the first quarter.
Uniper scored a major legal victory last year when an arbitration tribunal awarded the group more than 13 billion euros ($15.22 billion) in damages for the gas volumes not supplied by Gazprom since 2022.
($1 = 0.8543 euros)
(Reporting by Nilutpal Timsina in Bengaluru; Editing by Tasim Zahid)
VNG suspended its legal action due to the dimming prospects of recovering funds and high legal fees.
VNG joins other firms that have also put their legal actions on hold amid similar concerns.
Uniper recouped additional claims during the first quarter and scored a major legal victory last year with an arbitration tribunal awarding them over 13 billion euros in damages.
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