Naftogaz Business Development Director Yuriy Vitrenko says Russian gas monopoly Gazprom may claim from National Joint Stock Company Naftogaz of Ukraine $60 billion in line with the contract`s ”take-or-pay” condition.
”Gazprom`s main demand to Naftogaz is a payment for the so-called `take-or-pay` condition. Its claims have already reached $31.4 billion … If we look into [gas] the volumes of import we need in the future (until the expiry of the contract with Gazprom), we will see that Gazprom`s claims may additionally increase by $29.5 billion,” Vitrenko told reporters.
Read alsoKobolev: Ukraine to buy all gas in EU if Gazrpom fails to sign add. deal Today, July 7, Naftogaz CEO Andriy Kobolev stated that hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between NJSC Naftogaz Ukrainy and Russia`s OJSC Gazprom over the natural gas supply and transit contracts signed early 2009 would start late September and late November this year, respectively.
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