Date: 2 months ago   Category: Energy

Naftogaz will demand from Gazprom $110 million for a difference in gas price from the EU — Rambler News Service


Naftogaz will demand from Gazprom $110 million for a difference in gas price from the EU
Photo: globalloookpress.com/Danil Shamkin Naftogaz of Ukraine intends to achieve from Gazprom through the Stockholm arbitration of compensation of a difference between the price of import of gas from the EU and the price of the Russian gas for the Ukrainian company which was established by arbitration, the executive commercial director of Naftogaz Yury Vitrenko has said at a press conference. According to Vitrenko, the sum of an overpayment has exceeded $110 million. "According to the decision of the Stockholm arbitration "Gazprom" had to sell since March to us gas at the price at the level of the German market. Gazprom doesn't fulfill the obligations and doesn't deliver gas. We through arbitration will force Gazprom to compensate a difference between the cost of gas which we buy in the European market, and the gas cost which have to be under the contract. Compensation sum already exceeds $110 million" — Vitrenko has told. As it was reported earlier, Ukraine has suspended purchases of the Russian gas since November 25, 2015. In December, 2017 the Stockholm arbitration has obliged Naftogaz to buy from Gazprom up to 5 billion cubic meters of gas a year within the decision on lawsuit between two companies at the price of the Russian gas. On March 1, 2018 the vice chairman of the board of Gazprom Alexander Medvedev has said that Gazprom has received from Naftogaz an advance payment for Russian gas supplies in March, 2018 and has returned it to the Ukrainian company in view of lack of the additional agreement to the contract for delivery of gas. Medvedev has emphasized that deliveries since March 1 won't be resumed. Naftogaz considers non-delivery of the Russian gas by Gazprom to Ukraine since March 1 violation of the contract and non-execution of the decision of the Stockholm arbitration. The company plans to demand from Gazprom of compensation of the suffered losses.

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