Tag: Naftogaz

Naftogaz and the enforcement of arbitral awards
By 3 June, 2019 0 Comments Read More →

Naftogaz and the enforcement of arbitral awards

On 28 February 2018, Ukraine’s state-owned gas entity, Naftogaz, secured an award of US$4.67 billion against Gazprom –which required Gazprom only to make a payment of US$2.56 billion on account of certain residual payments owed by Naftogaz – following a lengthy dispute between the parties concerning the supply and transit of Russian gas to consumers […]

Posted in: Recognition and enforcement of arbitral awards
News from Stockholm: Gazprom v Naftogaz – 0:1
By 26 June, 2017 1 Comments Read More →

News from Stockholm: Gazprom v Naftogaz – 0:1

On January 2009, Gazprom and Naftogaz signed a confidential long-term gas sales agreement (the “Contract“) for 2009-2019. Some in the media declared that the Contract included an oil-linked formula for the gas price, a “take-or-pay” clause and a price review clause. Five years later, Gazprom finds itself claiming USD 4.5 billion in unpaid debts for natural […]

Posted in: Commercial Arbitration