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Gazprom already applied to arbitration to terminate contracts with Naftogaz

Gazprom already applied to arbitration to terminate contracts with Naftogaz

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Russian Gazprom said it was starting a procedure for the termination of contracts for the supply and transit of gas with Naftogaz of Ukraine. This was reported by Interfax with reference to the Deputy Chairman of the Board of Gazprom Alexander Medvedev.

"We started the procedure for the termination of contracts with Naftogaz of Ukraine, and a new case in Stockholm arbitration on this suit will be absolutely sure considered by another composition of the arbitrators," Medvedev said.

On February 28, the Stockholm Arbitration Court satisfied Naftogaz's claims on the suit against Gazprom. Naftogaz achieved compensation in the amount of $ 4.63 billion for Gazprom's failure to deliver agreed volumes of gas for transit. Also, Gazprom must pay 2.56 billion dollars in favor of Naftogaz. For the debt will be charged interest - 526 thousand dollars per day, starting from March 1.

However, Gazprom does not agree with the decision of the Stockholm Arbitration to pay compensation to Naftogaz.

On March 1 in "Gazprom" reported that "Naftogaz of Ukraine" has made an advance payment for the resumption of Russian gas supplies since March. Simultaneously, Gazprom returned the money, saying that this was due to the lack of an agreed supplementary agreement with the current contract. In "Naftogaz" they called Gazprom's refusal to supply gas with a breach of the contract and failure to comply with the arbitration award.

And on March 2 Naftogaz urged Ukrainians to lower the temperature in the premises by 1-2 degrees to save gas consumption.
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