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Gazprom appealed the decision of the Stockholm arbitration on the dispute with Naftogaz

Газпром обжаловал решение Стокгольмского арбитража по спору с НафтогазомThe final decision must be rendered no later than 30 Dec 2017.

Russian Gazprom November 7, filed in court of appeals district 356 of Svea (Sweden) the application challenging the interim (separate) decisions of the Stockholm arbitration on the claim regarding the gas supply contract dated 19 January 2009 and its partial cancellation.

The Correspondent reports about it with reference to the report of Gazprom.

Interim decision was handed down on 31 may. The final decision must be rendered no later than 30 Dec 2017.

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Gazprom also reported that a final decision on the dispute on gas transit contract between the parties to the Stockholm arbitration court will issue no later than 28 February 2018

In late June, Gazprom CEO Alexei Miller said that “according to preliminary economic assessment in accordance with the provisional decision of the Stockholm arbitration recovery of Naftogaz to Gazprom exceeds $1.7 billion”.

“However, the reasoning of the arbitrators on many issues interim solution seems inadequate. And Gazprom has decided to appeal the interim decision,” said Miller.

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In turn, the claims of Gazprom to Naftogaz on transit contract amount to $12.3 billion in parts backorders and underpayments for services to the transit through the GTS of Ukraine in the 2009-2016 years. NAK wants to bring the contract into line with European antitrust and energy law, to oblige Gazprom to provide Schipper codes.

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