“JSC “Naftogaz Ukrainy” lost the international arbitration in Stockholm on the claim of the Italian company Italia Ukraina Gas Spa (IUGAS) in the amount of $41 million.”, — write: epravda.com.ua
JSC “Naftogaz of Ukraine” lost the international arbitration in Stockholm on the claim of the Italian company Italia Ukraina Gas Spa (IUGAS) in the amount of $41 million. “RBK Ukraine” writes about it. The court refers to the 2003 contract, which provided for the supply of 13 billion cubic meters. m of gas for 10 years at a fixed price of $110 per thousand cubic meters. The supply was planned to be carried out in the period from January 1, 2004 to December 31, 2013 in the amount of 1.3 billion cubic meters per year under the conditions of delivery to the reception point Velké Kapushany on the Ukrainian-Slovak border. At that time, NAC received Turkmen gas at $50 per thousand cubic meters, and the company was supposed to earn about $780 million a year from these supplies. Advertisement: In the first years, gas was not supplied under a contract, and after a while it became impossible, because all the gas went to Ukraine the company RosUkrEnergo began to import, and Ukrgaz-Energo to sell. In 2020, the new owners of IUGAS filed a new lawsuit demanding compensation for the undersupply of gas from January 2011 to December 2013, and in August 2024 the claims were partially satisfied. The company was preparing for such a decision and reserved UAH 1.9 billion for it, but, as the publication claims, it is not ready to pay. The company “is taking all possible measures to resolve this issue,” Naftogaz reported. Advertisement: We will remind: the international rating agency Fitch has confirmed the credit rating of Naftogaz of Ukraine at the “SS” level.