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Ukraine’s Naftogaz sues Gazprom for $6 billion in Stockholm arbitration — Gazprom’s report

January 29, 2015, 12:29 UTC+3 MOSCOW
Naftogaz filed a claim on October 13, 2014, seeking to "oblige Gazprom to pay a compensation of $3,200 million (and related interest) to Naftogaz Ukraine for the failure to provide gas for transit"
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© ITAR-TASS/Maxim Nikitin

MOSCOW, January 29. /TASS/. The Ukrainian national energy company Naftogaz is claiming $3.2 billion compensation from Gazprom in a lawsuit filed with the Stockholm Arbitration Tribunal for lower gas transit via Ukraine and related interest, according to a report released by Gazprom on Thursday.

Naftogaz’s total claim together with interest amounts to $6.2 billion, the Russian gas giant said in its financial statements for the first nine months of 2014.

The Stockholm Arbitration Tribunal will hold oral hearings on mutual claims filed by Gazprom and Ukraine’s national energy company Naftogaz not earlier than in February-March 2016, the Russian gas giant said in its IFRS financial statements released on Thursday.

Naftogaz filed a claim with the Stockholm Arbitration Tribunal on October 13, 2014, seeking to "oblige Gazprom to pay a compensation of $3,200 million (and related interest) to Naftogaz Ukraine for the failure to provide gas for transit," the Russian gas giant’s financial statements said.

Naftogaz also seeks to acknowledge that the transit tariff stipulated in the gas contract with Gazprom "should be revised in such a way as provided in further written statements of Naftogaz Ukraine in line with key principles of the Swedish contractual law," the report said.

Russia’s gas transit to Europe via Ukraine totaled 58.9 billion cubic meters in 2014 compared with 83.9 billion cubic meters in 2013 and 92.2 billion cubic meters in 2009.

Infographics Gas agreement signed by Russia, Ukraine and the EU Gas agreement signed by Russia, Ukraine and the EU
Gas agreement signed by Russia, Ukraine and the EU On October 31 Russia, Ukraine and the EU signed an agreement on gas supplies. Infographics by TASS

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