UPDATE4: Naftogaz to demand price difference of Europe gas from Gazprom - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE4: Naftogaz to demand price difference of Europe gas from Gazprom

(Adds comments in last five paragraphs)

MOSCOW/ST. PETERSBURG/KIEV, Mar 5 (PRIME) -- The gas Ukraine had to buy from Europe because of Gazproms decision to terminate contracts is 34% more expensive than the gas that the company could have bought from Russia and Naftogaz will claim the difference from Gazprom, CFO Yury Vitrenko said on Monday.

The latest data say the average gas price from European suppliers exceeds Gazproms price by 33.9% this March, Vitrenko said on his Facebook page. All this overpayment will be charged from Gazprom.

On March 1, the Stockholm arbitration court ordered Gazprom to pay U.S. $2.56 billion to Naftogaz Ukrainy under a transit agreement. Gazprom said it returned Naftogazs payment for March supplies, adding it would not start the shipments because a supplementary agreement to the contract was not coordinated.

Gazprom CEO Alexei Miller told reporters that his company has officially notified Naftogaz that it started procedures at the Stockholm arbitration court to terminate the gas supply and transit contracts, and launched a new arbitration case.

President Vladimir Putins spokesman Dmitry Peskov said that comments on the spat, which is to be settled at court, are excessive.

The situation is to be regulated by law. Lawyers of our company, Gazprom I mean, are dealing with it this is why any comments look excessive, he said and added that the Russian company has a consistent position.

Vitrenko said at a news conference that Naftogaz has received Gazproms notifications about intention to start a procedure of terminating gas contracts in court and is studying the information.

We have received information from Gazprom about their intention to apply to an arbitration court to introduce changes or cancel a contract on gas supplies and a contract on transit of gas through the territory of Ukraine. We are thoroughly studying this information, he said, adding that Naftogaz sees no reasons to break a contract on gas supplies and transit with Gazprom.

Naftogaz is ready to hold talks with Gazprom to bring their relations to European standards and is ready for a new arbitration process if the talks fail, Vitrenko also said.

He also said Naftogaz saw no imbalance in decisions of the Stockholm arbitration court on gas supply and transit contracts with Gazprom.

Naftogaz is ready to ensure transit of necessary gas volumes to Europe, Vitrenko added.

The company does not expect so far that Gazprom will cease transit of Russian gas and believes the contracts will be in force until the end of 2019, Vitrenko said.

Gazprom announced intention to cancel the contract or change it, but no intention to sign a new contract was expressed, he also said.

We are talking about changes to the existing contract or its cancellation. We have no information, at least official, from Gazprom about a new contract. Ive not heard Gazproms statements that they want a new contract. They announced intention to achieve cancellation of the contract they also agree on introducing amendments to the contract, Vitrenko said.

Naftogaz will apply to Gazprom later on Monday about gas supplies in April, he also said.

In the near future, today we will apply to them (to Gazprom) to make it clear whether they will fulfill their contract terms in April. In order that we understand whether we will receive gas from Gazprom in April or again from the European direction, he said.

End

05.03.2018 18:58
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 74.1847 +0.7022 20 jun
USD 64.0683 +0.5845 20 jun
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1096.92 -0.34 18:50 19 jun
micex 2221.42 -0.05 18:50 19 jun
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 135.50 -0.75 18:49 19 jun
lkoh 4091.00 +1.12 18:49 19 jun
rosn 392.35 +1.38 18:49 19 jun
sber 206.00 -0.15 18:49 19 jun
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 73.9000 +0.4400 14:59 19 jun
USDTD 63.5675 +0.5550 17:44 19 jun