“Naftogaz” has won a historic case from the Russian “Gazprom”

Russian “Gazprom” should pay “Naftogaz of Ukraine” of 2.56 billion U.S. dollars.

This is the result of two decisions of the Stockholm arbitration.

“We did it! The Tribunal has decided to pay “Naftogaz” 4.63 billion dollars. The results of the two arbitration proceedings “Gazprom” should we of 2.56 billion dollars. The Stockholm arbitration court satisfied the claim of “Naftogaz” for compensation for undelivered “Gazprom” volumes of gas for transit. According to the decision of the Stockholm arbitration, “Naftogaz” has made payment in the amount of 4.63 billion US dollars for failure to supply Gazprom agreed amounts of gas for transit. According to the results of two arbitration proceedings in Stockholm “Gazprom” to pay 2.56 billion U.S. dollars in favor of “Naftogaz”. Arbitration court dismissed the claims of “Gazprom” on fines for allegedly illegally sampled “Naftogaz” volumes of transit of gas,” – said the press service of “Naftogaz”.

Naftogaz Of Ukraine

Naftogaz Of Ukraine

See also:

Ukraine is forced to buy gas from Russia, but the price will be lower than the European – KOBOLEV

“Friends, I think you already know it all. So I just a profile picture on a fun substitute, as you’ve been advised 🙂 I Went to read the decision. More than a thousand pages. And thank you all for the congratulations and support,” – wrote in Facebook the head of “Naftogaz” Andrey Kobelev.

Recall, 22 December, “Naftogaz” received the final decision of the Stockholm arbitration on the contract for the purchase of gas. According to the company, the arbitration has satisfied all the requirements of the Ukrainian side reduced the price of the gas it purchased from Gazprom in the second quarter of 2014, 27.4% to 352 dollars per thousand cubic meters; dismissed the claims of the Russian side to buy gas on a “take or pay” in the amount of $ 56 billion. Arbitration also reduced the amount of gas that “Naftogaz” in the years 2018-2019 will be required to buy from “Gazprom”, from 52 to 5 billion cubic meters per year.

Earlier it was reported that “Gazprom” does not intend to appeal the decision of the Stockholm arbitration on the dispute with Naftogaz.

Another is that a transit contract, which was concluded in 2009, “Gazprom” had to be transported through Ukraine 110 billion cubic meters per year. As this condition was not fulfilled, “Naftogaz” demanded in court to collect from the Russian company $ 16 billion. Publication of the arbitration decision under the contract on the transit took place on 28 February 2018.

  • arbitration
  • Naftogaz
  • Of gazpro

Next post

Saw a bug — Ctrl+Enter

Letter to the editor

© Materials


Leave your comment

Leave your comment

All comments


Editor’s choice