Economy 2022-02-15T08:31:44+02:00
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Naftogaz Views Chances To Win Disputes With Gazprom At SCC Arbitration Institute Higher Than 60%

Naftogaz Views Chances To Win Disputes With Gazprom At SCC Arbitration Institute Higher Than 60%

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gas, Naftogaz, Gazprom, SCC

Naftogaz of Ukraine national joint-stock company views its chances to win the disputes with Russia's gas monopoly Gazprom at the Arbitration Institute of the Stockholm Chamber of Commerce (SCC; Sweden) higher than 60%.

Naftogaz Chief Executive Officer Andrii Kobolev said this in the Economists programme at 3s.tv, Ukrainian News Agency reports.

Arbitration Institute judgements are beyond appeal in point of fact, but they can be appeal at national Swedish courts for some procedural breaches.

Arbitration parties can resort to such measures, the CEO supposed.

As Ukrainian News Agency earlier reported, Naftogaz expects the SCC Arbitration Institute to deliver a judgment in the dispute with Gazprom under the purchase and sale contract before the end of the 1st quarter of 2017 and in the contract on terms and conditions of gas supplies to Ukraine before the end of the first half of 2017.

Naftogaz filed claims for compensation by Gazprom of over USD 26.6 billion under the natural gas purchase and sale contract and under the terms and conditions of its transit, with the two actions examined by the SCC Arbitration Institute, while Gazprom's claims in both proceedings total USD 38.7 billion.

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