Tout sur Andorre: Pyrenees news update 15/03/2018 (35)

One of the conditions for concluding the contract, the Russian side called the refusal of Naftogaz from judicial claims and fines imposed by international arbitration.

Moscow has long challenged the decision of the Stockholm Arbitration Court. According to him, Gazprom is obliged to pay Naftogaz $ 2.56 billion.

Disputes between the companies arose due to the allegedly under-delivered volumes of gas by the Russian corporation under a transit agreement. The Ukrainian authorities tried to arrest Gazprom’s assets in court in Switzerland, the Netherlands, Luxembourg and the UK. However, so far these attempts have failed.

At the same time, in early November, Yuri Vitrenko said that he sent a new lawsuit against Gazprom for $ 12 billion to the Stockholm arbitration. He explained that the application was submitted in response to Gazprom’s desire to appeal the decision of the Stockholm arbitration on a transit contract between the companies.

An annual contract will remove the risk that Gazprom will not be able to pump the amount of fuel declared in the contract to Europe in winter,

says senior analyst at BCS Premier Sergey Suverov. But a rather acute question will arise - at what price will supplies be made.

On July 1, 2015, Ukraine refused to purchase gas from Russia, since it was not satisfied with the price of $ 247 per thousand cubic meters.

At the same time, Kiev began to increase reverse supplies from EU countries back in 2014. Ukraine purchases reverse gas from Slovakia, Poland and Hungary, explaining that its price is lower than the price of fuel offered by Russia.

Gazprom explained that this is the same Russian gas, just purchased from European traders.

In June 2019, at the St. Petersburg Economic Forum, Gazprom head Alexei Miller said that the company is ready to sell gas to Ukraine at a price 20% lower than the one at which Kiev purchases gas from Europe by reverse.

Recently, Russian President Vladimir Putin said that Russia is ready to provide Ukraine with a discount on gas up to 25% subject to direct fuel supplies.

But in numbers, no one names the possible cost of gas for Kiev.

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