Naftogaz is obliged to pay Gazprom $2 billion for the supplied gas

The court ordered Naftogaz annually from 2018 to select and pay for 5 billion cubic meters of gas.

Arbitration Institute of the Stockholm chamber of Commerce has obliged “Naftogaz of Ukraine” to pay in favor of “Gazprom” amount of the debt for gas deliveries in the amount of 2,019 billion.

About it reports a press-service “Gazprom”.

In “Naftogaz”, we recall, stated that the company won the arbitration against Gazprom’s gas supply contract on all contentious issues.

Besides, “Naftogaz” has to pay interest from the 22nd of December 2017 for the implementation date of such payment in the amount of 0,03% for each day of delay.

According to the statement of the Russian company, the court also has obliged “Naftogaz” annually from 2018 to buy 5 billion cubic meters of gas.

“The court refused to Naftogaz the right to revise the price of gas for the period from may 2011 to April 2014, and the recovery of the overpayment for gas for the period from may 2011 to April 26, 2014 in the amount of about $ 14 billion, noted that the contract should not apply either the European or the Ukrainian Antimonopoly legislation, has established the mandatory application of the provisions of “take-or-pay” until the end of the term of the contract”, –
the press service of “Gazprom”.

© 2017 – 2019, paradox. All rights reserved.