Gas conflict with Gazprom: Naftogaz increases security of gas-transport system

Source : 112 Ukraine

The National Guard of Ukraine protects the objects of Ukraine’s gas-transport system
18:21, 5 March 2018

Open source

The objects of Ukraine’s gas-transport system are now under the increased security of security agencies. Yuriy Vitreko, the Director for Business Development at Naftogaz, said it in the briefing, broadcasted by 112 Ukraine.

“Now all the objects of the critical infrastructure are taken under the increased security, by the National Guard in particular. We realize all of the risks,” he said.

Alexey Miller, the Head of the enterprise, stated, that Gazprom forwarded an official notification to Naftogaz about gas contracts termination through the Stockholm Arbitration.

As we reported earlier, after the ruling of the Stockholm Arbitration, Russia's Gazprom announced its intention to terminate gas contracts with Naftogaz Ukraine.

Related: I hope, Europe will not allow Russia to use gas blackmail, - Poroshenko

The Arbitration Institute of the Stockholm Chamber of Commerce has granted the lawsuit of Naftogaz as to compensation for the volumes of transit gas that had not been delivered by Gazprom on February 28. According to the decision of the court, Naftogaz got a $4,63 billion compensation for the transit gas that had been agreed on, but not delivered by Gazprom. As a result of two arbitrations in Stockholm, Gazprom is to pay Naftogaz $2,56 billion. The court dismissed the demands of Gazprom that stated that the money hadn’t been paid as it was considered the fines for what they called unlawfully seized by Naftogaz volumes of the transit gas. $526 000 of interest per day will be added to the debt from March 1.

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