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.
Advertising
Advertising
MORE ABOUT
Enemy attacks gas infrastructure facilities in Ukraine, consumers and clients won't be affected – Naftogaz
14:35, 27.04.2024
Naftogaz pays UAH 18.2 bln in taxes in three months
11:35, 16.04.2024
Naftogaz ready to buy all the gas offered by Ukrainian producers in 2024
19:05, 12.04.2024
During Russian attack on Naftogaz facilities on Friday, no casualties or serious damage - Chernyshov
11:57, 29.03.2024
Tariffs for gas storage in Ukrainian UGS facilities will remain unchanged until April 1, 2025 – Naftogaz
16:49, 18.03.2024
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program