Rossm: Ukraine must pay Gazprom a billion dollars

“Naftogaz” will have to pay more than $ 1 billion, although the requirements of “Gazprom” on the claim in the Stockholm arbitration was 47 billion dollars. This writes the Russian “Kommersant”, citing its own calculations.

“Because of retroactive price adjustment was not hurt in 2013, “Naftogaz” will probably have to pay to “Gazprom” about $ 550 million for gas supplied in November-December”, – notes the edition.

Media explains what is the difference between the contract price and the “compromise” 268 dollars per 1 thousand cubic meters. For this price, “Naftogaz” paid for gas at the end of 2014 in the framework of the “winter package” (additional agreement to the contract of 2009 signed by the European Commission).

Also with the prices reverse in the third quarter of 2014, Ukraine should, according to the calculations of publication, to pay around 518 million dollars. And for the period from the fourth quarter of 2014 to October 2015 “Gazprom”, “Naftogaz” is about $ 44 million.

As reported earlier , Gazprom said that yesterday’s decision of the Stockholm arbitration is intermediate.

Yesterday the Stockholm arbitration court has announced a closed decision by mutual claims of “Gazprom” and “Naftogaza”. This decision was the first of several anticipated.

Deputy foreign Minister of Ukraine Olena zerkal said that the decision of the Tribunal “a clear victory” of Ukraine. According to her, the position of the Tribunal on the key issues was this:

  • the condition “take or pay” completely abolished;
  • the prohibition of re-export is cancelled in full;
  • the price formula revised in 2014 – the “European hub”.

As previously reported, the amounts that the parties must pay each other on the basis of the decision of the Stockholm arbitration, separately calculate the experts.

In the summer of 2014, Naftogaz and Gazprom have filed against each other claims to the Arbitration Institute of Stockholm chamber of Commerce. Both complaints concerned the contract of purchase and sale of gas, which was concluded in 2009.

Naftogaz urged the court to recognize the principle of “take-or-pay” is not applicable in the world practice; also, the Ukrainian side believes is not a market contract formula for determining gas prices. Also, “Naftogaz” demanded the return of 17,87 billion for gas purchased since may 20, 2011 to October 2015.

Gazprom, in turn, urges Naftogaz to follow the contract and pay all recorded in the volumes of gas and to pay fines – in the amount by 45.78 billion.

In October 2014, Naftogaz additionally filed a complaint under the transit contract, which was signed in the same year 2009. In this case, “Naftogaz” expects to collect from the Russian company of 12.09 billion. “Gazprom” demands of 6.64 billion.

The total amount of claims has already exceeded 80 billion dollars.