Contents tagged with Naftogaz
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Naftogaz believes their chances of beating Gazprom in Stockholm court are high
Director for Business Development at the national joint-stock company Naftogaz of Ukraine Yuriy Vitrenko stated that Ukraine has a good chance of obtaining a positive decision for their claim against Gazprom in the Stockholm Arbitration Court.
“In short, we are in the home stretch. Trials will start in the next few months. Our position is very firm, as demonstrated by the fact that, in particular, even Putin had to change his favorite statement about Gazprom: that since 2020 they will not need …
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Claim of Naftogaz and Gazprom in Stockholm exceeds $65 billion
The next court hearing is scheduled in autumn.
The total amount of the claim between the National Joint-Stock Company, Naftogaz of Ukraine, and the Public Joint Stock Company, Gazprom in the Stockholm Arbitrage Court has exceeded 65 billion dollars, as Naftogaz reports on its Facebook page.
According to the statement, the amount of Naftogaz’s claim on the contracts for the purchase, sale and transit of natural gas amounts to more than 26.6 billion dollars.
In turn, the amount of the …
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Transit of Russian gas reached record low
The head of Naftogaz, Andriy Kobolyev, has reported on the low volumes of Russian gas transit and explained that this a result of the pressure that Moscow is exerting on Kiev. He said this while on air with Channel 5.
“Transit volumes have continued to decrease and are now at a record low. This is related to the pressure that Russia exerts on Ukraine and Naftogaz. Its goals are to firstly minimize the revenue from this type of business and secondly, I think, it is part of a tactic to promote …
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The First Deputy Chairman of Naftogaz was arrested in Kiev
The First Deputy Chairman of the Board of the National Joint-Stock Company, Naftogaz of Ukraine, and the Chairman of the Supervisory Board of the Odessa Port Plant (OPP), Serhiy Pereloma, were arrested and jailed for 60 days by the court of Kiev on charges of theft of government property, the TV channel 112 Ukraine reports.
It is reported that the court set bail at 80 million hryvnia ($3.2 million at current exchange rates). However, after the meeting Pereloma said that he had no such money …
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Kiev will not pay Gazprom for gas supplies to separatist republics
Ukrainian company, Naftogaz, has refused to pay Gazprom for gas delivered to the separatist-controlled territories of Donetsk and Luhansk.
On the 18th of May, Naftogaz reported that the Russian gas company had demanded a payment of $670 million for gas supplied to the so-called Donetsk People's Republic (DPR) and the Luhansk People's Republic (LPR) from February 2015 to April 2016.
The report also stated that Naftogaz had not purchased gas from Gazprom since November 2015. Before that, it had …
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Naftogaz: Ukraine could receive $50 billion if the court rules against Gazprom
The Director of the Business Development at Naftogaz, Yuriy Vitrenko, has said that if the Stockholm Arbitration Court rules against Gazprom, the Russian company would be liable to pay $50 billion in damages to the Ukrainian company. He said this during an interview with Ukrainian Hromadske TV Channel.
“The total claim amount is $50 billion, of which $30 billion is compensation for gas that was not provided by Gazprom, or gas that we overpaid for. The remaining $20 billion is related to …
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Naftogaz files lawsuit against Russia
Naftogaz of Ukraine has filed a lawsuit against the Russian Federation for damages incurred by the loss of its assets in the Crimea, according to the company’s head, Andriy Kobolev, Interfax-Ukraine reported.
"We have filed a lawsuit against the Russian Federation with respect to compensation for not only the cost of the towers, but all the assets that have been lost… in the Crimea because of the Russian occupation, or those assets to which we temporarily do not have access to. For example, …
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World Bank: Ukraine has removed the middleman in relations with Gazprom
The World Bank notes that the government of Ukraine has made decisive steps towards removing the middleman between Gazprom and Ukraine in an attempt to root out a major source of corruption. This was stated by the World Bank Country Director for Ukraine, Belarus and Moldova, Europe and Central Asia, Qimiao Fan.
"The Ukrainian government has already taken some important steps towards transforming the gas market… [by removing things] that resist change in the area that drives reforms. An …
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Naftogaz to expand its claims against Gazprom
As of the first quarter of 2016, NJSC Naftogaz of Ukraine will increase its claims against Gazprom up to $1 billion under the gas transit contract, as reported by Business Development Director, Yury Vitrenko, on his Facebook page. “We will receive nearly $1 billion from Gazprom for the first quarter of 2016 for underpayment of gas transit costs,” he said.
According to Vitrenko, the claims under the gas purchase contract will be also expanded.
“Both parties will expand their claims before the …
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Naftogaz's claim against Gazprom exceeds $8 billion
The total claim amount made against Gazprom by Naftogaz has reached 8.2 billion dollars. This claim is in regard to a contract between these two companies for the transit of Russian gas through Ukraine.
The head of Naftogaz, Andrew Kobolyev, reported this during a conference in Kiev.
“The total amount of claims made against Gazprom has reached an amount of 8.2 billion dollars,” Kobolyev said.
According to him, this amount had accumulated during the duration of the contract, which began in 20 …