Ukrainian Naftogaz and Russia’s Gazprom to begin negotiations on gas delivery to Ukraine

According to the Chief Commercial Officer of Naftogaz, Yuriy Vitrenko, Naftogaz of Ukraine and Gazprom will soon start negotiations on the implementation of the Stockholm Arbitration Court decisions within the contract of purchase of Russian gas, UNIAN reports.

"Negotiations will start in the coming days. We won’t disclose the details. It’s about the implementation of the final decision on the gas contract,” he said.

Vitrenko noted that according to the Stockholm Arbitration Court decision, prices of gas to be sold by Gazprom for Ukraine should be lower than the cost of gas transportation from the EU to Ukraine.

"We believe that the Tribunal’s decision makes it clear that gas supplies to the uncontrolled territories cannot be considered as supplies to Naftogaz under this contract," he added.

It was recently reported that Ukraine could now resume supplies of Russian gas to the domestic market. In 2018, Ukraine is ready to purchase 4 to 5 billion cubic meters of Russian gas.

The court’s decision comes from Naftogaz suing Gazprom regarding two contracts: the transit of Russian gas to the EU through the territory of Ukraine and Ukraine’s purchase and sale of Russian gas.  

On May 31 of last year, Naftogaz received the decision of the Stockholm Arbitration Court in the proceeding against Russian Gazprom regarding the gas supply contract. According to the Chief Executive Officer of Naftogaz, Andriy Kobolyev, the Arbitration tribunal dismissed Gazprom’s claims regarding the "take or pay" principle.

On 21 December, Naftogaz announced its victory over Gazprom. With the revisions of the prices provided in the contract, Naftogaz saved $1.8 billion dollars.

  Naftogaz, Gazprom, Ukraine, Russia, Russian gas

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