Tuesday, February 16, 2016

“Naftogaz” offers “Gazprom” gas balancing accounting change – RIA Novosti

KIEV, February 16 -. RIA Novosti “Naftogaz Ukraine” offers “Gazprom” to go to the European technology taking into account the balancing of gas, according to a press release of the Ukrainian company

“. Gazprom “previously accused the” Naftogaz Ukraine “in an unauthorized settling in Ukraine gas at 5.861 million, adjudication by arbitrators is expected before the end of January 2017. “Naftogaz” has called the charges baseless.

“The European practice of balancing provides offset that amount by the parties in the period following the reporting one.” Gazprom “, in turn, insists on payment of” Naftogaz “penalties for balancing gas, formed at the end of each month, which is not to import Russian gas for Ukraine Prior to the resolution of the dispute amounts of balancing gas are taken into account “Naftogaz” as a gas belonging to “Gazprom.” – said the report “Naftogaz”

balancing. gas is formed due to the technical features of transport, when the volume injected in the gas system in each period does not correspond to the volumes transferred to neighboring systems up to a cubic meter.

“Naftogaz” October 13, 2014 appealed to the Stockholm arbitration with a request for arbitration to. “Gazprom” in particular, the Ukrainian company demanded oblige “Gazprom” to pay compensation for un-granted for the transit of gas to the amount of 3.2 billion dollars, as well as interest on that amount. “Naftogaz” is also required to recognize that the transit rate in the contract must be amended in such a way as will be described in further written statements, “Naftogaz” in accordance with the basic principles of the Swedish contract law.

The provisional amount of claims was 6, $ 2 billion. Poezzhu “Naftogaz Ukraine” has filed a statement of claim, significantly increasing the amount of their claims – according to various estimates, to 11-16 billion dollars

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