Pipelines, Storage & Power

Swedish court upholds suspension of award in Gazprom case

Sweden’s Svea Court of Appeal has rejected Naftogaz Ukrainy’s request to cancel the suspension of the enforcement of the award in its gas transit case against Gazprom.
By Staff reporter 29 June 2018 0 31536

Sweden’s Svea Court of Appeal has rejected Naftogaz Ukrainy’s request to cancel the suspension of the enforcement of the award made to the company in its gas transit case against Gazprom.

“Naftogaz Ukrainy tried to appeal [against] this court order, but the court ruled that its arguments were insufficient,” the Russian major said.

“This circumstance strengthens Gazprom’s position in appealing attempts by Naftogaz Ukrainy for enforced recover under the aforementioned arbitration ruling in various countries,” the company added.

Gazprom announced on 15...