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    Financial Times: Edison forces gas exporter to cut costs

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Summary

Edison, the Italian utility Edison SpA, had successfully renegotiated the pricing of its long-term gas contracts with Qatar following a ruling by the International Chamber of Commerce’s court of arbitration.

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Press Notes

Financial Times: Edison forces gas exporter to cut costs

Edison, the Italian utility, said on Tuesday that it had successfully renegotiated the pricing of its long-term gas contracts with Qatar, just over a year after winning a similar victory over Russia's Gazprom.

It marks the first time a major European customer has taken RasGas, the state-owned Qatari energy group, to arbitration and won. Analysts expect other utilities could soon follow Edison’s lead.

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