Gazprom failed in its attempt to portray Naftogaz as unreliable partner
08:30, 8 March 2018

Gazprom failed in its attempt to portray Naftogaz as unreliable partner

The U.S. Department of State claims, that Ukraine could reduce gas consumption by 14%

08:30, 8 March 2018

Open source

Heather Nauret, spokesperson for the U.S. Department of State, said that Gazprom failed to make Ukraine an unreliable partner. She wrote it on her Twitter.

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

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.

Related: Arrested shares of Gazprom should be sold at public auction, - Ukraine's PM

As reported earlier, on March 1 Gazprom reported that Naftogaz-Ukraine has made an advance payment for the resumption of Russian gas supplies from March. At the same time, Gazprom refunded the money, stating that this was due to the lack of an agreed addendum to the current contract. Naftogaz called Gazprom's refusal to supply gas a violation of the agreement and failure to comply with the arbitration decision.

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