Hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said. He said that the…
The total claims of Russia’s Gazprom against the national joint-stock company Naftogaz Ukrainy for the take-or-pay condition outlined in the 2009 contracts and challenged in court could reach $60 billion by 2020, Naftogaz Ukrainy commercial director Yuriy Vitrenko has said. He said Gazprom’s claims had so far amounted to $29.2 billion, and, taking into account…
Ukraine increased gas production by 2% YoY in January-May 2016 to 8.391 billion cubic meters (bcm), the Ukrainian Energy and Coal Industry Ministry said. Naftogaz enterprises reduced gas production by 1.1%, to 6.67 bcm, including production of 6.12 bcm by Ukrgazvydobuvannia and a 0.550 bcm by Ukrnafta. Other oil and gas companies operating in Ukraine…