“Naftogaz of Ukraine” considers illegal the account of “Gazprom” in $2,59 billion

“Naftogaz of Ukraine” considers illegal the account of “Gazprom” in $2,59 billion

KIEV, January 19. “Naftogaz of Ukraine” actually refused to pay the bill of $2,59 billion, issued on January 19 “Gazprom”, declaring unlawful the application of the principle of “take or pay”. This was reported by the press service of “Naftogaz”.

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“NAK “Naftogaz of Ukraine” believes the provision of “take or pay” in the form as set out in the contract with PJSC “Gazprom”, nonmarket, illegal and void, – stated in the message. – The validity of the claims of “Gazprom”, based on “take or pay”, will be determined by the court”.

The Account Of “Gazprom” To “Naftogaz”

Earlier in the day of PJSC “Gazprom” sent “Naftogaz of Ukraine” account to pay for gas at $2,549 billion, not selected Ukrainian company in the 3rd quarter of 2015 at the condition of “take or pay”. Gazprom expects payment of the invoice within 10 days.

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As reported in the press service of “Naftogaz” challenges the application of this provision in court at the Arbitration Institute of the Stockholm chamber of Commerce.

On January 19, 2016 total cash requirements, declared “Gazprom” the claim with reference to the position of the take-or-pay, is $26.7 billion and for the period from 2012 to 2014.

Ukraine actually refused from the purchase of gas in the third quarter of the year

Under current between “Gazprom” and “Naftogaz of Ukraine” contract of sale of gas the buyer is obliged to pay the minimum annual quantity of gas.

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Based on the terms of the contract, in the third quarter of 2015, it amounted to 10,485 billion cubic meters of gas.

Ukraine in 2015 is actually stopped purchasing Russian gas in the third quarter, thus, no agreement on non-use of rules “take or pay” in this period”, – said the head of “Gazprom” Alexey Miller.

In 2015, the condition “take or pay” was not applied to the NJSC “Naftogaz of Ukraine” in the first, second and fourth quarters.

Gas agreement of Russia, Ukraine and the EU. Infographics


Ukraine can . With this statement made on 11 January in Ternopil Ukrainian President Petro Poroshenko.

“Russia has announced a us trade war, but we can do without Russian gas, our manufacturers are finding new markets,” he quoted the President’s press Secretary Svyatoslav Tsegolko on Twitter.

RF agrosila us I torgoley Vino,but mi can abitia without Russian gas,the Nashi virobnichi sahadat to new markets – the President Ternopol

— Svyatoslav Tsegolko (@STsegolko) January 11, 2016

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Gazprom put “Naftogaz of Ukraine” gas bill by $2,549 billion