Friday, August 14, 2015

Gazprom's claim against Naftogaz grows to $29.2 bln

Russian energy giant Gazprom has increased the amount of its claims against NJSC Naftogaz of Ukraine from $23.837 billion to $29.2 billion, according to Gazprom's Quarterly Report.

The document states that on June 12, 2015, Gazprom submitted its statement of defense to the Stockholm arbitration in response to Naftogaz's claim and lodged a counter-claim, which increased the sum claimed from Ukraine to $29.2 billion.

Hearings on the case are scheduled for February-March 2016, and the verdict is expected at the end of June 2016, the report said.

Gazprom is seeking to force Naftogaz to pay a fine for insufficient purchases of gas contracted in 2012 in keeping with the "take-or-pay" rule and debts for gas supplies in 2014.

As UNIAN reported earlier, in June 2014, Naftogaz lodged a lawsuit against Gazprom with the Arbitration Institute of the Stockholm Chamber of Commerce.

In addition to the revision of prices of Russian gas, which rose sharply in the second quarter of 2014 by more than a third, to $485 per 1,000 cubic meters, Naftogaz also demands in the claim that Gazprom refund Ukraine $6 billion that the Ukrainian company said it had overpaid for Russian gas since 2010.

The total amount of Naftogaz's claims against Gazprom is $16 billion.

Ukraine is seeking the comprehensive revision of the terms of its gas contracts with Gazprom signed way back in 2009.
 www.unian.info

14/8/15
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