Reducing Activities: company scaling back some business operations while continuing others
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RWE AG is a German multinational energy company headquartered in Essen. It generates and trades electricity in Asia-Pacific, Europe and the United States. The company is the world's number two in offshore wind power and Europe's third largest in renewable energy.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackGerman energy firm RWE has initiated arbitration proceedings against Russia's Gazprom over missing gas deliveries, a spokesperson for RWE said, without providing further details. German energy company RWE has won an arbitration case against Gazprom-Export at the International Court of Arbitration of the International Chamber of Commerce (ICC). At the end of 2022, RWE initiated arbitration proceedings against Gazprom-Export in connection with two framework agreements for the purchase and sale of gas. The German company claimed that after the supply was stopped, it had to purchase gas at higher prices on the open market. RWE decided to recover the losses incurred as a result from Gazprom.
| April 14, 2025 | Back to Russian gas? Trump-wary EU has energy security dilemma |
| March 24, 2025 | Gazprom lost arbitration to a German company |