Naftogaz called the accusations “Gazprom” groundless

Naftogaz called the accusations “Gazprom” groundless


Earlier Gazprom has accused Naftogaz in the unauthorized settling on the territory of Ukraine volumes of gas amounting to more than five million dollars.

KYIV, 15 Feb. “Naftogaz of Ukraine” has called baseless charges of “Gazprom” in the unauthorized settling on the territory of Ukraine volumes of gas in the amount of 5,861 million dollars.

“These charges are absolutely baseless. What we prove in the framework of arbitration,” wrote the Director for business development at Naftogaz Yury Vitrenko on his page in Facebook on Monday.

Vitrenko stressed that the amount stated by “Gazprom”, “very little, both for our proceedings,” noting that during the process between companies in the Stockholm arbitration the amounts measured in tens of billions of dollars. The representative of “Naftogaz” also said that allegations of unauthorized settling of gas has been known since October of last year, and it was no news for the company.

“Naftogaz of Ukraine” October 13, 2014 appealed to the Stockholm arbitration a request for arbitration to “Gazprom”. In particular, the Ukrainian company demanded to oblige “Gazprom” to compensate for not delivering the transit volumes of gas in the amount of 3.2 billion dollars, plus interest on that amount. Naftogaz also claimed to recognize that the transit tariff in the contract shall be modified in such a way as will be shown in further written statements of Naftogaz in accordance with the basic principles of Swedish contract law.

The estimated requirements amounted to 6.2 billion dollars. In the future, 30 April 2015, “Naftogaz of Ukraine” filed a lawsuit, significantly increasing the amount of their claims — according to various estimates, up to 11-16 billion.