Naftogaz Ukrainy believes that going to court to resolve the dispute on transit with Gazprom is an effective and civilized method.
"Going to court gives companies an effective mechanism to settle legal differences in a civilized way. This step gives Naftogaz hope that differences between economic entities will not affect the supply of Russian gas to European consumers through the territory of Ukraine. If companies cannot reach agreements out of court, the arbitration court's decision will be binding on all parties," the report says.
Naftogaz Ukrainy on October 14 filed a lawsuit with the Stockholm arbitration court seeking a revision of the gas transit contract with Russia's Gazprom and compensation for insufficient amounts of gas delivered.
In its lawsuit, Naftogaz is asking for the abolition of replacement of the provisions of the transit contract that are not working, saying the rights and obligations under the contract should go from Naftogaz to Ukraine's gas transport system operator (which is currently the company Ukrtransgaz).
Naftogaz also demands that the contract be brought into compliance with the European legislation (the third energy package) and the internal Ukrainian legislation.
Naftogaz Ukrainy believes that the system for forming the transit tariffs should also be changed and be brought into compliance with the European regulations.
The Ukrainian energy holding also demands compensation for the gas that Gazprom has not supplied for transportation.
Naftogaz is confident that filing this lawsuit will not affect gas supply to Europe.
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