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    A picture shows a pressure gauge at a compressor station of Ukraine's Naftogaz national oil and gas company near the northeastern Ukrainian city of Kharkiv on August 5, 2014

    Ukraine’s Naftogaz to Meet Russia’s Gazprom in Court Over Transit Contract

    © AFP 2019 / SERGEY BOBOK
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    Russia-Ukraine Gas Conflict (292)
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    Ukraine's energy company Naftogaz filed a new lawsuit against the Russian energy giant Gazprom in the Stockholm court, according to the official statement of the Ukrainian company.

    KIEV (Sputnik) — Ukraine's energy company Naftogaz filed a new lawsuit in the Stockholm court on April 30, disputing its gas transit contract with the Russian energy giant Gazprom, according to the Ukrainian firm's Friday press statement.

    "Yesterday NAK Naftogaz Ukraine submitted a statement of claim in the Arbitration Institute of the Stockholm Chamber of Commerce as part of an arbitration dispute with OAO Gazprom over the gas transit contract," the statement said.

    The Ukrainian energy company has been in a row with the Russian gas producer over several issues, including what it regards as "unfair" prices.

    Naftogaz said it is now seeking another $10 billion in compensation from Gazprom, in addition to the $6 billion under a gas delivery lawsuit in the same court. That makes more than $16 billion in total under the both lawsuits, the Ukrainian energy firm estimated.

    In June 2014, Gazprom switched Ukraine to a prepayment system for gas supplies over its massive gas debt.

    In October 2014, Naftogaz submitted a claim to the Stockholm court seeking a retroactive revision of its contract with Russia on natural gas transits between 2009 and 2019. It said Gazprom owed it a $3.2-billion compensation for gas that was allegedly not delivered during that period, as well as accumulated interests. The total amount claimed is in the excess of $6 billion.

    In addition, the Ukrainian state-owned gas company hopes to recover up to $6 billion in alleged over-payments to Gazprom, and scrap a provision in the contract that prohibits reselling Russian natural gas outside Ukraine.

    At the same time, Gazprom filed a lawsuit in the Stockholm court in an attempt to recover almost $5 billion in debt from Naftogaz. A trial's oral hearing will be held February-March 2016, a final decision is expected in late June 2016.

    Topic:
    Russia-Ukraine Gas Conflict (292)

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