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Ukraine files lawsuit in Stockholm court to contest Russian gas pricing

English.news.cn   2014-06-16 18:39:27
• Ukrainian Naftogaz Monday had filed a lawsuit at Stockholm court to contest contest Russian gas pricing.
• Naftogaz estimates it has "overpaid" around 6 bln U.S. dollars to Russia due to the "unfair" gas contract.
• The two sides have been locked in dispute for three years over a 2009 contract.
 
 

 KIEV, June 16 (Xinhua) -- Ukrainian state-run energy firm Naftogaz on Monday said it had filed a lawsuit at the Stockholm arbitration court to contest the pricing of natural gas it imports from Russian giant Gazprom.

"The lawsuit also contains a requirement to recover an amount of money from Gazprom, which Ukraine has overpaid since 2010," Naftogaz said in a statement.

The Ukrainian company estimates it has "overpaid" around 6 billion U.S. dollars to Russia due to the "unfair" gas contract.

Earlier in the day, Gazprom said it had filed a lawsuit at the Stockholm court demanding Ukraine pay off some 4.5 billion dollars of gas debt and decided to introduce the prepayment regime with Naftogaz.

The two sides have been locked in dispute for three years over a 2009 contract under which they agreed to tie the price of gas to the international spot price of oil.

Russia initially demanded Ukraine pay 485 dollars per 1,000 cubic meters of gas. Moscow then offered to remove an export duty, which would cut the price by 100 dollars. Ukraine had been holding out for a price of just over 268 dollars.

On Friday, Ukraine said it was ready to pay 326 dollars for the next 18 months while the two sides worked out a long-term price deal, but the two neighbors failed to reach a compromise during their weekend talks.

Related:

Russia, Ukraine seek compromise on gas pricing

BEIJING, June 15 (Xinhuanet) -- Russia's top natural gas producer Gazprom is set to resume talks over pricing and debt with Ukraine, according to the company’s spokesman on Saturday. Talks are expected to resume in Kiev to settle the long-standing gas pricing dispute between Russia and Ukraine.

Russia has threatened to cut off natural gas supplies to Ukraine if it does not pay its debts of nearly 2 billions US dollars by Monday. The EU’s energy commissioner Guenther Oettinger has been mediating the gas talks which have not yielded any concrete results. Russia initially demanded Ukraine pay 485 dollars per 1,000 cubic metres of gas. Full story

Kerry urges Russia to end support to separatists in Ukraine

WASHINGTON, June 14 (Xinhua) -- U.S. State Secretary John Kerry on Saturday called on Russia to end the flow of weapons and support to separatists in Ukraine.

In a phone talk with Russian Foreign Minister Sergei Lavrov, Kerry expressed strong concern about events over the last few days in Ukraine, including the transport of heavy weaponry and militants across the border and the shooting down of a Ukrainian transport flight overnight, the State Department said. Full story

Editor: Yamei Wang
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