Gazprom and Naftogaz have developed a new mutual claims

Газпром и Нафтогаз подготовили новые взаимные иски

The courts consider the Naftogaz with Gazprom is very beneficial

The Russian company is trying to Naftogaz of two billion dollars, and Naftogaz from Gazprom 14 billion.

Russian Gazprom initiated a new arbitration against Naftogaz after lost the previous one. By the end of October, the Ukrainian company will provide a counter claim. On Wednesday, September 11, said the Executive Director of the group of Naftogaz Yuriy Vitrenko comments to UNN.

“Gazprom initiated a new arbitration after he lost the previous one. In the new arbitration requirements of Gazprom actually reduced to the fact that they want to cancel the previous decision of arbitration – at least in part to the fact, that they owed us three billion dollars now with interest, and we owed them for gas which was supplied to Ukraine and not been paid in full or two billion dollars”, – said Vitrenko.

According to him, on the part of Russia, in fact, the cost of claims now stands at five billion dollars.

Naftogaz, in turn, requires a revision of the transit tariff by the end of October, these claims will be filed.

“These counterclaims, the main part is viewing transit fare, which should lead to payments from Gazprom to Ukraine, Naftogaz, compensation in the amount of 11-14 billion dollars. But there are other claims, for example, to compensate for the difference between the cost of gas that we bought in the European market, and the cost of gas that Gazprom must supply to us under the contract after the previous arbitration changed the price. This, too, we are talking about hundreds of millions of dollars,” he explained.

Vitrenko also said that the arbitration with Gazprom worth millions of dollars a year, however, according to him, the money is repaid.

“Works pretty powerful team from Naftogaz, concerning the external lawyers. Basically, we’re talking about millions of dollars a year. Previous arbitration lasted five years, respectively, we can calculate. But on the other hand, for example, through this arbitration we have ensured that we do not owe Gazprom’s so-called “take or pay” principle. If you count to the end of the contract it would be $ 80 billion. That is, we do not pay the 80 billion dollars”, – said Vitrenko.

He stressed that from a financial point of view it is much better to pay lawyers and going to courts instead of having to pay tens of billions of dollars to Gazprom.

Earlier, Naftogaz announced a position on the gas negotiations with Russia’s Gazprom.

 

 

 

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