Naftogaz CEO: Gas price for Ukrainian consumers may be lowered if company wins in Stockholm arbitration

Naftogaz CEO: Gas price for Ukrainian consumers may be lowered if company wins in Stockholm arbitration

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Ukrinform
NJSC Naftogaz of Ukraine states that gas price for all categories of Ukrainian consumers may be lowered, if the company wins a dispute with Russia's Gazprom in the Stockholm arbitration court.

“If we prove our position on the purchase and sale of gas, it will mean a decrease in the fair price of gas compared with the current one. It will apply to all [Ukrainian consumers],” CEO of Naftogaz Andriy Kobolyev said on Channel 24, an Ukrinform correspondent reports.

For Naftogaz the victory within the contract on gas transit will mean the compensation for the previous period, when Ukraine didn't receive full amount of funds for the supplies of Russian gas to the EU countries.

"Naftogaz will receive funds and the government, as a shareholder, will be able to manage them,” Kobolyev said. 

He also added that the completion of court proceedings will enable to end the process of unbundling the gas transmission function from Naftogaz.

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