Gazprom subsidiary files $880 mln claim against Linde

Linde

30/10/2024 06:47

Oct 30 (Reuters) - A subsidiary of Russia's gas major
Gazprom  GAZP.MM  has filed a claim for 85.7 billion roubles
($879 million) against global industrial gases and engineering
company Linde  LIN.DE  and its subsidiaries, court documents
showed on Wednesday.
    The Gazprom subsidiary, in charge of the Amur Gas Processing
Plant filed the claim on Oct. 29 in the Arbitration Court of the
Amur Region, in Russia's east. 
    Linde left Russia and the plant, which facilitates Russian
gas exports to China via the Power of Siberia pipeline,
following Russia's invasion of Ukraine in February 2022.
    The plant's first technological line started operation in
June 2021. The plant is expected to reach full annual capacity
of 42 billion cubic metres of natural gas processing next year.
    Linde, the world's largest industrial gases company, said in
2022 it was suspending all business development activities in
Russia, ceasing supply to certain customers, and divesting
industrial assets to reduce its footprint in the country.
    Gazprom and Linde did not immediately reply to emailed
requests for comment. 
    There have been a number of claims against Linde in Russia
following its departure from the country.
    In one of the cases, a Russian court ordered that assets
worth around $1.15 billion of a British subsidiary of Linde be
frozen in a dispute over a gas processing plant in August.  
    ($1 = 97.4955 roubles)

 (Reporting by Lidia Kelly in Melbourne and Vladimir Soldatkin
in Moscow; Editing by Lincoln Feast.)
 ((lidia.kelly@thomsonreuters.com;))