”Elbe Day” (the day Soviet and American troops met at the Elbe River marking an important step toward the end of World War II in Europe, - ed.) is to take place with our dear monopoly. Naftogaz will inform Gazprom about the gas tariffs revision,” the message says.
Yuriy Vitrenko, Director for Business Development at Naftogaz noted that the Ukrainian company sent to Gazprom demands concerning gas tariffs.
“Execution of Arbitration's decision will be discussed as well,” Vitrenko added.
As we reported earlier, Alexey Miller, the Head of Gazprom, stated, that the company forwarded an official notification to Naftogaz about gas contracts termination through the Stockholm Arbitration. Naftogaz confirmed this information.
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.
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.