«To Ukraine was a direct threat of default.» Poroshenko called a historic victory «Naftogaz» over «Gazprom» in the Stockholm arbitration

The President of Ukraine Petro Poroshenko congratulated the management of «Naftogaz of Ukraine» with a victory in the Stockholm arbitration court over the Russian «Gazprom». This was reported by the press service Poroshenko.

«Today was made a huge contribution to the energy security of our state. I believe that this is a historic victory. If you have been losing in this court, before Ukraine there would be a direct threat of default. Now that we’ve shown what we can do to protect our national security and to protect the public interest, we will have a more tough stance in negotiations with foreign partners regarding the future of the gas transportation system, «Naftogaz of Ukraine», – said Poroshenko at the meeting with head of Board of «Naftogaz» Andrey KOBOLEV.

He said that Ukraine «has learned to defend its interests, using the European courts».

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. In «Gazprom» the decision called intermediate.

Today in «Naftogaz» claimed victory over Gazprom’s gas supply contract on all contentious issues. In the Ukrainian company said that the requirements of the Russian side regarding the terms «take or pay» in the amount of $56 billion fully rejected, and the price of gas received by Ukraine in the second quarter of 2014, reduced by 27% – from $485/thousand m3 to us $352/m3. According to «Naftogaz» required annual volume of gas reduced more than 10 times. Stockholm arbitration Tribunal ruled that Naftogaz should not have to pay for gas, which «Gazprom» ostensibly set in the occupied Donbass to any other person, in addition to «Naftogaz».

At the same time in «Gazprom» stated that the Stockholm arbitration court recognized the applicable basic provisions of the contract for the supply of gas from Russia to Ukraine and met most of the demands of «Gazprom» about payment of the delivered gas. The company said that the final decision the court obliged «Naftogaz» to pay the amount of arrears in the amount of $2 billion and interest for late payment (0,03% per every day from December 22 this year).




«To Ukraine was a direct threat of default.» Poroshenko called a historic victory «Naftogaz» over «Gazprom» in the Stockholm arbitration 22.12.2017

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Декабрь 22nd, 2017 by
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