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Ascent nears award against Slovenia

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Ascent Resources plc could soon receive an arbitration award in relation to the Petišovci gas joint venture in Slovenia.

Expected: the arbitration tribunal have reached an advanced stage (Pixabay)

ECT

The company registered its claim with the International Centre for Settlement of Investment Disputes against the Slovenian Government.

Ascent said in a statement: “The company has received an update from the International Centre for Settlement of Investment Disputes (ICSID) confirming that the arbitration tribunal have reached an advanced stage and that an award is expected to be issued to the parties in June.”

The company filed its claim under the Energy Charter Treaty.

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