The Arbitration Institute of the Stockholm Chamber of Commerce will start hearing claims on gas supply filed by Ukrainian state holding company Naftogaz of Ukraine and Russian gas giant Gazprom in September, and on the transit contract – at the end of November this year, Naftogaz CEO Andriy Kobolev said during a press conference Thursday.
As UNIAN reported earlier, former Ukrainian Prime Minister Arseniy Yatsenyuk announced that the Stockholm arbitration might award its decisions under the two lawsuits against Gazprom in favor of Naftogaz at the end of 2016. The decision would enforce the Russian gas monopoly to pay $22.7 billion.
In October 2014, Naftogaz appealed to the Stockholm arbitration court seeking the revision of its natural gas transit contract with Gazprom, as well as compensation from Gazprom for the shortfall in gas transit volumes.
The lawsuit lodged by Naftogaz with the Arbitration Institute against Gazprom in June 2014 demands not only the revision of Russian gas prices, which rose sharply in the second quarter of 2014 by more than a third, to $485 per 1,000 cubic meters, but also included the demand that Gazprom refund Ukraine $6 billion that the Ukrainian company said it had overpaid for gas since 2010.
Ukraine seeks the general revision of the terms of the gas contract with Gazprom dated 2009.
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