Showing posts with label international arbitration. Show all posts
Showing posts with label international arbitration. Show all posts

Thursday, March 08, 2018

Russia and EU discussed Ukraine’s plans to seize Gazprom’s assets

Gazprom’s assets
Russian Energy Minister Alexander Novak and Vice-President of the European Commission in charge of Energy Union Maros Sefcovic discussed Ukraine's intention to seize the assets of Gazprom around the world in case the company fails to comply with the Stockholm arbitration court's ruling, an EU diplomatic source familiar with the course of the talks told TASS.

Monday, March 05, 2018

Ukraine is overpaying for European gas & wants Russia to foot the bill

Ukraine is overpaying for European gas
Kiev was forced to buy expensive gas in Europe after Russia’s state-run company Gazprom severed contracts with Ukraine and refused to deliver the fuel in March. Now, Ukraine is demanding that Russia pays the price difference.

Friday, March 02, 2018

Gazprom terminates gas supply contract with Ukraine’s Naftogaz

Gazprom terminates gas supply contract with Ukraine’s Naftogaz
Russia’s Gazprom announced on Friday it has been forced to immediately break its contract with Ukraine’s Naftogaz for the supply and transit of natural gas.

Wednesday, October 26, 2016

Bulgaria and Russia sign agreement to settle debt on Belene NPP project — minister

Bulgaria and Russia have signed two agreements to settle the debt on the Belene nuclear power plant project in compliance with the decision of the international arbitration court in Geneva, Bulgarian Energy Minister Temenuzhka Petkova said after talks with First Deputy Head of Russian Nuclear agency Rosatom Kirill Komarov.

Friday, September 30, 2016

Naftogaz claims over $22bln in compensation from Gazprom in Stockholm court

Ukraine’s national energy company Naftogaz is claiming $22 billion from Gazprom in the Stockholm arbitration tribunal in compensation for overpaid natural gas and a shortfall in revenues for gas transit, according to Naftogaz’s consolidated financial statements published on Friday.

Thursday, August 18, 2016

Bulgaria waits for Rosatom experts to discuss Belene NPP problems

A working group of experts from Russian state-owned nuclear corporation Rosatom will visit Bulgaria in late August to discuss problems related to Belene nuclear power plant (NPP) project, Bulgaria’s Energy Minister Temenuzhka Petkova said on Thursday.

Tuesday, October 27, 2015

Turkey files arbitration case against Gazprom, disputing price for Russian gas

Turkey has filed an arbitration case against Gazprom, disputing the price for Russian gas, the head of press service of the country’s Ministry of energy and natural resources told TASS on Tuesday.

Tuesday, August 25, 2015

Arctic Sunrise Tribunal Lacks Jurisdiction (Russian Foreign Ministry)

On Monday, the Hague-based Permanent Court of Arbitration ruled that Russia must compensate the Netherlands over the 'illegal' seizure of the vessel.

Friday, May 01, 2015

Ukraine claims over $16 bln from Gazprom under gas contracts. (Ukrainian Prime Minister Arseniy Yatsenyuk)

Naftogaz of Ukraine has lodged claims with the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) to demand compensation of loss and amendments to a gas transit contract with Russia's Gazprom.

Thursday, January 29, 2015

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

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...

Monday, June 16, 2014

Ukraine files lawsuit contest Russian gas pricing

Ukrainian state-run energy firm Naftogaz on Monday said it had filed a lawsuit at the Stockholm arbitration court to contest the pricing of natural gas it imports from Russian giant Gazprom.

"The lawsuit also contains a requirement to recover an amount of money from Gazprom, which Ukraine has overpaid since 2010," Naftogaz said in a statement.

The Ukrainian company estimates it has "overpaid" around 6 billion U.S. dollars to Russia due to the "unfair" gas contract.

Monday, April 14, 2014

Ukraine ready to pay $386 per 1,000 cubic metres of gas

Ukraine is ready to pay $386 per 1,000 cubic metres of gas to Russia, Stepan Kubiv, Chairman of the National Bank of Ukraine (NBU), who is currently in the United States, told journalists here on Sunday.

He also pointed out that the country would meet all obligations regarding the existing debts. "Ukraine has always paid to creditors on time, basing intself on market and contractual prices," Kubiv explained. "We shall repay all our debts. And it cannot be otherwise."

Saturday, April 12, 2014

Ukraine to Gazprom: We won’t accept new gas prices and are suspending payments

The newly-appointed head of Ukraine’s national gas company says the country “sees no reason” to comply with the “political” hike in gas prices imposed by Russia, and will formally stop transferring money to Moscow until the situation is resolved.
In the aftermath of the toppling of Viktor Yanukovich and the secession of Crimea from Ukraine, Russia has raised from $268 to $485 per 1,000 cubic meters, starting from this month.

35 year-old Andrey Kobolev, who was appointed to head Naftogaz Ukraine, the state importer, by the government in Kiev, told ZN.UA news portal that his company is prepared to pay only the old prices.

EL News