Gazprom declares interference in court’s work in case against Naftogaz

Source : 112 Ukraine

Russian gas company demands complete cancellation of Stockholm arbitration decision on a transit contract
08:49, 29 May 2018

The third party intervened in the decision-making process of the Stockholm Arbitrage, which ruled out Gazprom's payment to Naftogaz of Ukraine a fine of 4.7 billion dollars. The press service of Gazprom claimed as Interfax reports.

It is noted that on Monday, 28 May, Gazprom sent a motion to the Swedish County Court of Appeal for the complete cancellation of the decision of the Stockholm Arbitrage on a transit contract.

"Further examining of the text of the decision with the involvement of a world-renowned linguist expert has shown that a large part of the arbitration order is not written by arbitrators, but by another person. Obviously, no one has the right to replace the arbitrators, direct judgment of the arbitrators is extremely important for the parties to the dispute, and the interference of outsiders in the decision-making process is a gross violation of the arbitration agreement, "Gazprom states.

Related: Cabinet to look into Naftogaz unbundling, tariff setting in May

As it was reported earlier, Russia's energy monopolist Gazprom refused to abide by the decision of Stockholm arbitrary court. Gazprom's delegation offered the Ukrainian side to either submit amendments to the gas deal or to break it. Naftogaz considers such actions a violation and disrespect for the decision made by Stockholm arbitrary court. Naftogaz refuses to accept Gazprom's offers. The Russian company's denial to obey the decision of the international arbitrary questions Gazprom's reliability as European gas industry's partner', the message said, quoting Naftogaz's Chief Commercial Officer Yuriy Vitrenko.   

Two arbitrary disputes between Gazprom and Naftogaz at the Arbitration Institute lasted for over three years: the dispute on the gas debt – from June 2014 to December 2017, on the transit agreement – from October 2014 to February 2018. There are less than two years left until both agreements terminate (at the end of 2019).

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.

Related: Conflict with Russia possible due to stop of gas transit via Ukraine, - Naftogaz sales manager

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