Naftogaz demands in court from the Cabinet UAH 6.6 bn

Нафтогаз требует через суд от Кабмина 6,6 млрд грн

The holding company estimates the amount necessary for compensation of PSO in more than 102,9 billion hryvnia.

Naftogaz of Ukraine filed at Kyiv Economic court a lawsuit against the government for damages in the amount of 6.6 billion hryvnia, which arose in the fourth quarter of 2015 because of the refusal of the Cabinet to establish a mechanism and sources for compensation of the company special obligations for the supply of gas. On Wednesday, November 7, reports Interfax-Ukraine.

According to the draft prospectus Eurobonds of the NJSC, in General, the management of Naftogaz on the basis of unaudited calculation estimates the amount necessary for compensation of PSO for the period 1 October 2015 to 30 June 2018, more than 102.9 bln UAH.

Of this amount, UAH 80.8 billion is lost revenue of the subsidiary, 7 billion associated with the formation of reserves for bad debt and UAH 5.1 billion loss.

The company reminded that in 2017 in the administrative court appealed against the refusal of the government to create a mechanism and sources for compensation of losses on PSO and in the same year won these cases in the courts of first instance and appeal.

According to the prospectus, the Cabinet has submitted the cassation to the Supreme court. Hearing date is not yet known.

According to the draft prospectus, in June of this year, the difference between the weighted average market price of gas and the price of delivery at the PSO was approximately 67%.

In accordance with the submitted schedule for the period from the beginning of 2016 and mid-2018, the minimum (close to zero) it was in may, 2016, the maximum (over 110%) – in January 2016.

Note, according to the Ministry, last year the Cabinet to compensate losses of Naftogaz in the amount of 114 billion.


OTV news Telegram. Subscribe to our channel