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Naftogaz and Gazprom to negotiate in the coming days

The talks will be held over the decision of Stockholm arbitration on gas supply contract
18:02, 17 January 2018

Open source

Ukraine’s Naftogaz and Russian Gazprom will begin negotiations on the implementation of the decisions of Stockholm Arbitration in the coming days. This was announced by the chief commercial director of Naftogaz Yuriy Vitrenko, Interfax-Ukraine reports.

"Negotiations will be underway in the next few days. I do not disclose details, but we are talking about the implementation of the final decision on the supply contract," he said.

Vitrenko stressed that the decision of the court clearly noted that gas supplies to occupied Donbas territories cannot be considered supplies of Naftogaz. Also, the price of gas under the contract with Gazprom should be lower than the cost for transporting gas from the EU to Ukraine.

Related: Naftogaz to purchase attractively priced Russian gas in 2018

As it was reported earlier Gazprom will not be disputing the ruling made by the Arbitration Institute of the Stockholm Chamber of Commerce pertaining to the contract on gas supply in the dispute with Ukraine’s Naftogaz. Alexander Medvedev, Russia’s gas giant deputy CEO, claimed this.

Gazprom filed an appeal to the Svea Court of Appeal (District 356) in Sweden on 7 November 2017 against an interim ruling by the Arbitration Institute of the Stockholm Chamber of Commerce on a claim regarding the agreement on gas supply dated 19 January 2009 and the partial cancellation of the agreement. The interim ruling was made on 31 May 2017. The final ruling was handed down at the end of December.

Related: Naftogaz without wealth: Why did state take away gas and oil fields from its company?

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