Naftogaz, Gazprom agree on joint meeting

Naftogaz, Gazprom agree on joint meeting

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Ukrinform
NJSC Naftogaz of Ukraine has confirmed that the agreement to hold a joint meeting with Russia’s Gazprom has been achieved, the Ukrainian company’s press service reports.

“Naftogaz and Gazprom will meet to discuss the situation. Naftogaz sees no need to cancel contracts and expects Gazprom to implement the Stockholm Arbitration decisions. The parties will discuss the proposal of Naftogaz to review the transit tariff,” reads the report.

As Ukrinform earlier reported, on February 28, the Arbitration Institute of the Stockholm Chamber of Commerce obliged Gazprom to pay NJSC Naftogaz $4.63 billion in compensation for the failure to meet its gas transit obligations. According to Naftogaz, this ruling means that Gazprom must pay Ukraine about $2.56 billion, taking into account the final payment for gas supplied in 2014 and 2015. 

Gazprom, after the Stockholm arbitration decision not in its favor, had launched the process of terminating contracts for the supply and transit of gas with Ukraine's Naftogaz and retuned the prepayment to the Ukrainian company.

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