Companies & Finance

Naftogaz claims $11.6 bln in new Gazprom case

Naftogaz Ukrainy has started a new arbitration case against Russia’s Gazprom regarding transit tariffs under the current contract
By Staff reporter 9 July 2018 0 31652

Naftogaz Ukrainy has started a new arbitration case against Russia’s Gazprom regarding transit tariffs under the current contract, signed in 2009, the state-owned Ukrainian company said in a note on Friday.

Naftogaz is asking for a retrospective increase of the tariffs since “significant changes in the European gas market” have occurred since 2009, the company said.

Naftogaz was expecting to have an opportunity to review the tariffs during a previous arbitration case that ended in February, but the company’s claim for...