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17 of October, 11:49

Naftogaz called the time limit for rendering an arbitration decision in its dispute with Gazprom
The Stockholm arbitration court will make its decision in the case of gas supplies to Ukraine in litigation between Gazprom and Naftogaz until March 31, 2017, said the press service of the Ukrainian organization.
"in Stockholm concluded the oral Hearing in the joint case by mutual claims of" Naftogaz of Ukraine " and the Russian Gazprom in respect of a contract for production and delivery of gas to Ukraine. The hearings lasted from September 25, 2016, at eleven October, 2016 until the Final decision of the Arbitration Institute of the Stockholm chamber of Commerce contract for production and delivery of gas is expected before March 31, 2017, " reported in the report on the Internet representative office of Naftogaz.
It also said that Hearings on the transit of Russian gas through Ukraine will start in the Stockholm arbitration at the end of November. According to published 30 September consolidated statement of Naftogaz, the Ukrainian side requires the court from Gazprom compensation in the amount of 22 billion dollars of overpayment In the purchase of gas and the lost revenue from transit. The firm claims that may require revision of the contract price to bring it to market level. Requirements Naftogaz on transit contract associated with the decrease in transit volumes. How to comment on the NAC, the actual cost of transit was designed for the transportation of certain volumes of Russian gas through the territory of Ukraine (the "base volume of transit" ), the expenses of the organization "Ukrtransgaz" are mostly fixed and, thus, reducing the volume of transit led to higher level transit cost per unit volume. In the organization also stressed that, According to the Gazprom in June 2015 counterclaim, the Russian side demanded 31, $ 8 billion for gas on a "take or pay" and return the debt for 2013-2014, which NAC does not recognize. At the end of the summer Gazprom said that, in addition to their claims in the Stockholm arbitration court under a contract for the production and delivery of gas to Ukraine, the amount of counter claims of "Naftogaz of Ukraine" amounted to 14, $ 23 billion. Naftogaz said that the amount of the claim against Gazprom in the Stockholm arbitration is 26, 6 billion. Hearings on the dispute between Naftogaz and Gazprom held from September 25 in arbitration court of Stockholm. The verdict is expected before the end of the first quarter of 2017, and the contract terms of the flow of gas transit through Ukraine before the end of the first half. Remember, the amount of mutual claims between Moscow and Kiev was the end of February, almost $ 100 billion.


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