Naftogaz receives Gazprom notice of it turning to arbitration to terminate contracts
Naftogaz Ukrainy has received a notice from Gazprom, announcing the Russian company's intention to turn to an arbitration in Stockholm regarding the termination or review of the terms of the 2009 contracts for the supply and transit of natural gas, Naftogaz' chief commercial director Yuriy Vitrenko said.
The procedure envisions a notice period of 30 or 45 days (30 for the supply contract; 45 for gas transit), in which the parties must try and reach agreement over contentious points.
In particular, Naftogaz sees no reason to terminate the transit contract, because Gazprom's explanations look unacceptable, Vitrenko said.
At the same time, Naftogaz is ready to discuss with Gazprom the conditions which would bring their transit contract closer to the EU laws.
Ukraine to shape conditions of tender to select partner to manage GTS before April – official
Gazprom first this year increases pressure at entry points of Ukrainian GTS to contractual level - Ukrtransgaz
Naftogaz confirms agreement with Gazprom on meeting
Ukraine proves reliability of transit in most complicated conditions – Naftogaz
Naftogaz, Ukraine's GTS ready to work without limits in conditions of coming cold weather
Reconstruction of Kontraktova Square in Kyiv will cost UAH 160-170 mln
Macroeconomic situation in Ukraine remains unstable – World Bank
Ukraine ready to disrupt economic cooperation program with Russia – Groysman
Prosecutor General announces opening of 4G communications tender case
Rada appoints Yakiv Smolii NBU head