Date: 2 months ago   Category: Energy

Naftogaz has enlisted an overpayment of Gazprom for transit of gas on account of a penalty fee by a court decision of Stockholm — Rambler News Service


Naftogaz has enlisted an overpayment of Gazprom for transit of gas on account of a penalty fee by a court decision of Stockholm
Photo: Maxim of Pancakes/RIA Novosti Naftogaz of Ukraine has directed to Gazprom the application for transfer of an overpayment for transit of gas in August of more than $9 million on account of repayment of a penalty fee which is charged on the debt of the Russian company according to the decision of the Stockholm arbitration on the transit contract of February 28, 2018. It is said in the statement of Naftogaz. "Today the NAK Naftogaz Ukrainy has directed PJSC Gazprom the application for transfer of overpayments for transit of gas on account of repayment of a penalty fee which is charged on the debt of the Russian monopolist according to the arbitral award under the transit contract of February 28, 2018. Thus, Naftogaz has enlisted more than $9 million an overpayment for the services of transit provided in August as payment within execution of the arbitral award" — it is said in the statement. On December 22, 2017 the Stockholm arbitration has reconsidered a pricing formula on gas according to the contract for delivery of gas to Ukraine, thus having reduced its cost that has automatically led to decrease in a rate of cost of services and the total cost of the services of transit of gas provided by Naftogaz. Gazprom in 2018 continues to pay high price for transit, than exposes Naftogaz which counts a tariff according to the decision of arbitration. According to the decision of the Stockholm arbitration of February 28, 2018, Gazprom owes Naftogaz of $2,56 billion for default on obligations of the transit contract, for this sum for each day of non-execution of the arbitral award the penalty fee is charged. Today the size of the added penalty fee is over $100 million.

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