Eni said to demand $10B from Statoil in arbitration. Eni (E) - TopicsExpress

Eni said to demand $10B from Statoil in arbitration. Eni (E) reportedly is demanding NOK60B ($10.1B) from Statoil (STO), claiming it overcharged for natural gas over several years. Eni said in August that it had started arbitration proceedings against STO to secure a significant price cut, but did not give any detail on its claim at the time. The dispute stems from a 1997 supply agreement that ties natural gas prices to oil.

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