Gazprom rejects Uniper's claims for billions in compensation over undelivered gas

(Reuters) - The export arm of Russia's Gazprom on Wednesday denied it was in breach of contract regarding gas supplies to Germany's Uniper, after Uniper launched arbitration proceedings in a bid to claim back some 11.6 billion euros ($12.02 billion) in extra costs over undelivered gas supplies.

Gazprom said it intended to defend itself and did not recognise the legality of Uniper's claims.

(Reporting by Reuters)