The Naftogaz of Ukraine national joint-stock company has estimated possible compensation from revision of the gas transit contract with Russia's gas monopoly Gazprom at up to USD 15 billion.
Respective data were mentioned in a letter by Board Chairperson of Naftogaz of Ukraine Andrii Kobolev to Prime Minister of Ukraine Volodymyr Groysman, Ukrainian News Agency reports.
Kobolev also noted that the dispute on the tariff rate may become a substantial economic stimulus for Gazprom to continue gas transit after 2019.
As Ukrainian News Agency earlier reported, on February 28, the Arbitration Institute of the Stockholm Chamber of Commerce ruled in favor of Naftogaz of Ukraine in a dispute in which it claimed USD 4.63 billion from Gazprom as compensation for failing to deliver the agreed volumes of natural for transportation on transit through Ukraine.
Gazprom will have to make a net payment of USD 2.56 billion to Naftogaz of Ukraine since the arbitration institute previously ordered Naftogaz of Ukraine to pay Gazprom for gas supply arrears.
The arbitration decision also confirmed Gazprom's legal obligations regarding gas supplies under the transit contract.
Gazprom's Board Chairman Alexey Miller announced on March 2 that Gazprom intended to begin the process of terminating its contracts with Naftogaz of Ukraine for supply and transit of natural gas at the Arbitration Institute of the Stockholm Chamber of Commerce.
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