The Stockholm Arbitration Tribunal has obliged PJSC Gazprom to pay for transit of 110 billion cubic meters of gas across the territory of Ukraine annually, Naftogaz Ukrainy Board Head Andriy Kobolev said at a press conference in Kyiv on Thursday.
According to him, this is not a classic “take or pay” case, but if Gazprom does not fulfill the contractual volume of transit of 110 billion cubic meters per year, Naftogaz will again file a claim with the arbitration court and will sue the Russian company for non-fulfillment of the terms of the contract.
As reported, the Arbitration Institute of the Stockholm Chamber of Commerce has obliged Russia’s gas giant Gazprom to pay $4.63 billion to Naftogaz for the failure to meet gas transit obligations.
Since the court previously ordered Naftogaz to pay Gazprom for gas supply arrears, Gazprom’s net payment after two arbitration disputes between the two companies on gas supplies and transit shipments will be $2.56 billion.
The Arbitration Institute of the Stockholm Chamber of Commerce has satisfied claims on residual payments between national joint-stock company Naftogaz Ukrainy and public joint-stock company Gazprom, Naftogaz Ukrainy CEO Andriy Kobolev said at a press conference in Kyiv on Thursday.
He said that according to the court award, today Naftogaz Ukrainy owes nothing to Gazprom. The interest is accrued only for the debt of Gazprom in the amount of $2.56 billion.
Kobolev said that Naftogaz is waiting for Gazprom would pay the debt using money, but the company is ready to hear other possible proposals of the Russian company how it will pay $2.56 billion.