Date: 5 months ago   Category: Energy

Naftogaz found one more occasion to demand compensation from Gazprom — Rambler News Service


Photo: RIA the News/stringer Naftogaz of Ukraine has a real opportunity to collect from Gazprom within new arbitration process about $10 billion as "compensation for lack of transit of gas after 2019", the chief executive officer of Naftogaz Yury Vitrenko said. "If the Russian Federation continues to provide to Gazprom exclusive opportunities for transit of gas from the territory of the Russian Federation to Europe through Ukraine, and at the same time Gazprom will not be will agree to standard European conditions, Naftogaz has a real opportunity through new arbitration which already began, to receive about $10 billion as compensation for lack of transit after 2019" — Vitrenko on the page on Facebook wrote. According to him, it has to "help Gazprom to take more constructive position" at negotiations on transit of gas after 2019. Vitrenko added that the current transit contract between Naftogaz and Gazprom does not conform to requirements of the Ukrainian and European legislation therefore it cannot be prolonged. On July 10, 2018 Naftogaz of Ukraine gave to Arbitration institute of Chamber of commerce of Stockholm a request for arbitration with the requirement about revision of a tariff for transit of gas through the territory of Ukraine since March 18, 2018 and about collecting from Gazprom of the sum of $11.58 billion from March 18, 2018 before the termination of period of validity of the existing contract for transit (till December 31, 2019). Vitrenko said that the Ukrainian company is ready to reduce the sum of the claim to Gazprom in case of use of the gas transmission system (GTS) of Ukraine by Gazprom after 2019. Also conditions of decrease in the sum of the claim can become granting a possibility of purchase of gas to Ukraine from Central Asia and liberalization of export of the Russian gas. According to Vitrenko, judicial proceedings on given to the claim can take six years.

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