Gas row: Naftogaz vs Gazprom: millions at stake
Business21:34 Nov. 21, 2016

Naftogaz vs Gazprom: millions at stake

Ukrainian gas company goes to Stockholm arbitrary court over gas transit dispute

Stockholm arbitrary court considers the case of Nafrogaz against Gazprom over gas transit through Ukrainian territory. If the Ukrainian company wins, Gazprom will have to pay USD 4 million more - each year. This is the sum that Naftogaz demands from its Russian counterpart.

Read more Ukraine Supreme Court rejects Gazprom's appeal against USD 3.4 bln monopoly fine

Naftogaz also expects to recieve millions in compensation. The companies now have two unresolved cases - on gas transit and gas price for Ukraine. Naftogaz is also planning to sue Gazprom over loosing its assets in Crimea due to the annexation of the peninsula.

Read more Russia reveals price of gas for Ukraine in Q3 2016

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