Gas talks: no results, see you in November

Today, October 28, in Brussels, the next round of trilateral talks between representatives of Ukraine, the EU and Russia took place. They discussed the extension of the contract for gas transit to Europe through the territory of Ukraine.

The European Commission has submitted a detailed proposal to continue negotiations and sign a long-term contract. NJSC Naftogaz of Ukraine, in turn, stated that their position fully coincides with the European Commission: the new contract should be long-term and certain volumes have to be defined.

Maroš Šefčovič said that unsuccessful negotiations are a disappointment for him. The Vice-President of the European Commission stressed that Russia is insisting on a “peaceful” solution to the Stockholm process and direct gas supplies to Ukraine. According to him, the next round of negotiations will be held in November.

Recall that on February 28, 2018, the Stockholm arbitration court satisfied Naftogaz’s claims for compensation for the volumes of gas not supplied by Gazprom for transit. By decision of the Stockholm arbitration, Naftogaz secured compensation in the amount of $4.63 billion for the short supply of agreed volumes of gas.

According to the results of two arbitration proceedings in Stockholm, Gazprom has to pay $2.56 billion in favor of Naftogaz. Gazprom appealed this decision to the Svea County Court of Appeals (Sweden).

On October 9, in Stockholm, the Court of Appeal began consideration of the appeal of the Russian Gazprom for the decision of the Stockholm arbitration on contracts with Naftogaz of Ukraine.


Tags: Gazprom, gas, Naftogaz, contracts, Kobolyev, tariffs, Stockholm arbitration, legislation, The European Commission, gas transit, RF, foreign affairs, Orzhel

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