17:56 14.11.2017

Stockholm arbitration postpones issue of awards in Naftogaz vs Gazprom disputes for late Dec 2017, late Feb 2018

Stockholm arbitration postpones issue of awards in Naftogaz vs Gazprom disputes for late Dec 2017, late Feb 2018

 The Arbitration Institute of the Stockholm Chamber of Commerce on November 9, 2017 postponed the deadline for issuing awards in cases Naftogaz Ukrainy versus Gazprom related to the gas supply and transit contracts for December 30, 2017 and February 28, 2018, national joint-stock company Naftogaz Ukrainy has reported.

The Ukrainian company said on Tuesday that the arbitration postponed the deadline due to the fact that Gazprom on November 7, 2017 filed counterclaims against an interim award of the tribunal dated May 31, 2017 related to the gas supply contract.

Earlier Naftogaz Chief Commercial Director Yuriy Vitrenko said that the Arbitration Institute of the Stockholm Chamber of Commerce on October 10 finished hearings in the lawsuit between Naftogaz Ukrainy and Gazprom. The award in the lawsuit was to be issued by late November 2017.

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