«Naftogaz» has informed that the Stockholm arbitration decided on the date for adjudication on the disputes with Gazprom

Arbitration Institute of the Stockholm chamber of Commerce November 9, has postponed the deadline for the adjudication of disputes between «Naftogaz Ukraine» and PJSC «Gazprom». This was reported by the press service of «Naftogaz».

A decision on the contract for the supply of gas is expected on 30 December 2017. A solution to the dispute on the transit – February 28, 2018.

As stated in the press release, the Tribunal deferred adjudication in connection with the submitted «Gazprom» November 7, appeals against a separate decision of arbitration on may 31, 2017 contract for the supply of gas.

Commercial Director of «Naftogaz» Yuriy Vitrenko reported that the Stockholm arbitration, on 10 October, has completed the hearings in the framework of litigation between the Ukrainian and Russian companies. The final decision on both disputes he waited until the end of November.

10 November it became known that «Gazprom» expects to render a decision on the claim on the transit of gas until the end of February 2018.

In 2014 «Gazprom» and «Naftogaz of Ukraine» the legal proceedings in the Stockholm arbitration of contracts for the supply of natural gas from Russia to Ukraine and gas transit through the territory of Ukraine since 2009.

As of April 2017, the claim to «Naftogaz» to «Gazprom» amounted to $12 billion In its petition, the Ukrainian company requires a «revision of the transit tariff with retrospective effect, compensation for failure to supply and other changes to the contract on gas transit». In April «Gazprom» has increased the requirements of the NJSC «Naftogaz of Ukraine» for gas supplies in 20012-2016 years from $31.7 billion to $37 billion.

May 31 it became known that the Stockholm arbitration court has satisfied the key requirements of the NJSC «Naftogaz of Ukraine» in a dispute with Gazprom: the condition «take or pay» abolished; the ban on re-export is cancelled; the price formula for gas is revised in 2014.




«Naftogaz» has informed that the Stockholm arbitration decided on the date for adjudication on the disputes with Gazprom 15.11.2017

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Ноябрь 15th, 2017 by
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