The Naftogaz senior manager added that in case of losing in court, Gazprom would have to pay $4 billion more every year for gas transit and reimburse tens of billions dollars to the Ukrainian company.
“By the way, the court’s decision on the gas transit contract is expected … by June,” Vitrenko said.
Russia and Ukraine have been engaged in gas disputes for years. In June 2014, Gazprom switched Ukraine to a prepayment system for gas supplies over its massive gas debt. The same month, Ukraine’s Naftogaz appealed to the Arbitration Court in Stockholm, seeking a retroactive revision of its 2009-2019 natural gas transit contract with Russia.
In June, Naftogaz sent a proposal to Gazprom to sign an addendum to the existing contract that would allow the Russian company to resume gas deliveries to Ukraine.