The decision of the Stockholm arbitration on the Russian-Ukrainian gas dispute. And who won?

After the decision of the Stockholm arbitration on the financial claims of Naftogaz and Gazprom to each other, the Ukrainian company announced its victory. The decision of the arbitration is to cancel the contract rule “take or pay”, eventually reducing the price of gas for Ukraine (already on previously concluded contracts). Thus, the price of gas fell by about 27% - to the 352 dollar mark per 1 thousand cubic meters (for gas already supplied to Ukraine).

From the statement of the press service Naftogaz:

The arbitral tribunal completely dismissed the claims of Gazprom on the take-or-pay position in the amount of $ 56 billion for 2009 – 2017 years. Naftogaz achieved a reduction of future mandatory annual volumes of more than ten times in accordance with its actual needs for gas imports. The price of gas produced by Naftogaz in the second quarter of 2014 was reduced by 27%, from $ 485 to 352 per 1 thousand cubic meters. Due to the revision of the contract price, Naftogaz saved $ 1,8 billion on gas purchased in 2014 – 2015. The company appreciated the overall the positive effect of such a court decision in more than $ 75 billion. Naftogaz requires up to $ 16 billion in arbitration under a transit contract, this decision is expected 28 February 2018 of the year.

In Gazprom, having heard of the "effect in 75 billion dollars," they are clearly perplexed by the statement of Naftogaz representatives. In fact, the “victory” of the Ukrainian company looks very doubtful for the reason that Russia has never sold gas to Ukraine for 485 dollars - each time giving a substantial discount. This is the first. Secondly, Gazprom notes that Naftogaz is silent on the need to pay billions in 2. That is exactly the amount Ukraine should pay the Russian Federation for overdue debts. Also, the Stockholm arbitration ordered the Ukrainian side to abandon statements in the style of "we will do without Russian gas." By a court decision, Kiev must annually purchase, under the 5 contract, billion cubic meters of gas going through a pipe from Russia.

As can be seen, the Stockholm judges made a decision, which was primarily aimed at preventing Russia from abandoning Ukrainian transit. And the term of the contract for the transit of Russian gas to Europe through Ukrainian territory expires in 2019.

Comments

[svp67]

Trust ONLY Naftogaz messages, do not trust yourself ...

[210ox]

Yes, and Gazprom reports like that too ..... Now they’re talking about a possible transit through Ukraine after 19 years. Under some conditions. All this is politics, and she’s such a girl ..

Quote: svp67

Trust ONLY Naftogaz messages, do not trust yourself ...

[svp67]

Quote: 210ox

Yes, and Gazprom reports like that too .....

Yes, but when comparing these two messages, some conclusions can already be drawn.

Quote: 210ox

Now they are already talking about a possible transit through Ukraine after 19 years. On some conditions

Yes, Gazprom does not hide the fact that part of Europe can be supplied with gas only through Ukraine, this applies to the countries of southern Europe.

[210ox]

But for some time they talked about the FULL cessation of transit ...

Quote: svp67

Quote: 210ox

Yes, and Gazprom reports like that too .....

Yes, but when comparing these two messages, some conclusions can already be drawn.

Quote: 210ox

Now they are already talking about a possible transit through Ukraine after 19 years. On some conditions

Yes, Gazprom does not hide the fact that part of Europe can be supplied with gas only through Ukraine, this applies to the countries of southern Europe.

[svp67]

Quote: 210ox

But for some time they talked about the FULL cessation of transit ...

Quite a NORMAL initial negotiation position ...

[Going]

And the contract for the transit of Russian gas to Europe through Ukrainian territory expires in 2019.

While there the Nazis in power there is no one to talk to and there is nothing to talk about, we rattle the contract and goodbye.

[Logall]

Quote: Going

we get a contract and goodbye.

Not a fact, Vitya , is not a fact! There are two more questions on the Nord Stream ... The Turkish project is also not final! You will need to look and make a decision based on the realities that will be at that time!

[Going]

Alexander, of course, not everything is as simple as we draw here, but the foundation has been laid for avoiding the monopoly of Ukraine and now there is the possibility of maneuvering.

[Andryukha G]

The problem is that from the transit through the country 404 are fed not only the most “smart” ones who dug the Black Sea.

[Nikolai Grek]

Quote: Going

And the contract for the transit of Russian gas to Europe through Ukrainian territory expires in 2019.

While there the Nazis in power there is no one to talk to and there is nothing to talk about, we rattle the contract and goodbye.

finally Vova takes such a position because of pity for hatskraynikami !!! Russia could cease to exist Hohland for a long time, and, by economic measures !!! have you seen few comments with the thesis that the "simple Ukrainian" people are nIFFchemniFFinovat ??? so there’s nothing to say about the fascist government and conversations with it, when many themselves here trinit about the beautiful innocent people of Hohland !!!

[Puss in Boots]

no one spoke of a complete cessation, they spoke of reducing transit to the extent that the content of the pipe would become unprofitable!

[Sergey53]

Quote: Cat in Boots

no one spoke of a complete cessation, they talked about reducing transit to the extent that the content of the pipe would become unprofitable

Gazprom proposed to provide gas transit through Ukraine to the south of Europe within 15 billion cbm. If not enough through Turkey. Something like this.

[Puss in Boots]

only until the completion of the construction of the Turkish pipe, which then seems to turn on little brothers now

[Vlad.by]

In fairness, they said.
But then the South Stream was in full swing. After the completion of the UP, and it was just planned for 19 years, the Ukrainian pipe would become scrap metal.
But ... other great ones intervened and delayed this moment. The question is how much? The final result will still be the same, but I'm afraid with the victims and not only with the financial ones.
Something blazes will explode worse than in Austria. With such a look behind the pipe!
Naturally, the stench will be about sabotage to heaven - again, they say, from a quadrocopter, the bitch blew up ... But, transit will be, this does not go to the grandmother.

[antivirus]

and I knew for a week about the quadrocopter, next to the glade's house, they lifted it into a raid, to Austria. with RGD, she was tied with tape. and the "KGB colonel" waved his handkerchief after
I saw it myself.

[Monarchist]

Kamrad OKV, you know that there has always been a difference between word and deed, and in business about politics ... We must multiply by 2

[In100gram]

Quote: Monarchist

Multiply by 2

Where politics is mixed, we must not multiply, but divide. And it is better by 6 or 8. They cannot multiply in such relationships.

[seti]

Quote: svp67

Yes, Gazprom does not hide the fact that part of Europe can be supplied with gas only through Ukraine, this applies to the countries of southern Europe.

And TP branch pipe through Greece or Bulgaria (though not yet agreed) for what then? Transit through the country 4о4 is beneficial for the latter only if it is more than 50 billion cubic meters. If he doesn’t pay for himself, let alone profit.

[tol100v]

Quote: svp67

Yes, Gazprom does not hide the fact that part of Europe can be supplied with gas only through Ukraine, this applies to the countries of southern Europe.

This is a temporary phenomenon. South pipelines and EVERYTHING will come into operation! For transit through Ukraine can be forgotten!

[Serg koma]

Quote: svp67

Gazprom does not hide the fact that part of Europe can be supplied with gas only through Ukraine, this applies to the countries of southern Europe.

term of the contract for the transit of Russian gas to Europe through Ukrainian territory expires in 2019.

All on schedule
"Turkish Stream" - for gas supply to the countries of Southern and Southeast Europe. The second thread is expected in 2019 year.

[antivirus]

1. We are not profitable to defeat the outskirts - 75 billion collapse of the whole country.
2. The West is not profitable to lose chicken. while they give cohols profit.
3. 2bn Gazprom + %% -for the "squeeze at the right time not to death" + 3 billion loan won.
4.15 billion cubic meters a year will be left after 19 g-- !!!!!! OPERATION OF GTS OF THE EDGE OF THE COUNTRY AT LOSSES !!!!!!!!! - a mockery
laughs last well.
coasters just jumping
5. Need Tour Stream and UP, instead of SP2 (40 billion cubic meters) - this is our defeat (not related to the outskirts).
6. Whoever doesn’t know - deliveries of mash products, etc. to Gazprom from enterprises.
7. The arbitration court “loaded” Gazprom’s capacities for 2 years and gave guarantees for payment.
8. Our Donbass !!!! - not Kohlov. In payment for gas from the outskirts of the oligarchs, you need to pull out a fee, straight forward!
9. no full text.
10. life goes on. Strength in motion.
There are no development dynamics on the outskirts. lose completely. become a sleeping area of ​​Berlin.
11
and 12
Further it is possible ..

[Nyrobsky]

Quote: svp67

Yes, Gazprom does not hide the fact that part of Europe can be supplied with gas only through Ukraine, this applies to the countries of southern Europe.

This is only before the entry of the Turkish Stream, after which Y. Europe will no longer depend on the vagaries of Svidomites. Here, most likely, it is a matter of simply supplying in transit the minimum amount of gas that will maintain the Ukrinsky gas transportation system in working order, "not for the sake of urkaine, but for yourself." Today in the GTS there is practically no Urkain gas, but there is European gas. Accordingly, at the conclusion of the following contracts, the voice of urkaina will be practically minimal or not at all, under the guarantee of Europe. You must admit that it’s not rational to ruin one of the ways of delivering gas with a capacity of up to 3 billion cubic meters per year, which has been working for 5 years, because of 100-30 years of Uraka’s fool. Juntics, or duriks come and go, but strategic interests remain. Based on the fact that the Turks shot down our plane, Germany attacked us in 1941, there were graters on Damansky Island with China, and the Urakians organized a maidan and therefore no one should be given gas, then you just need to abolish Gazprom, which will not do any good Of Russia.

[antivirus]

13. It seems when the Euromaidan began - in 13g “ours” from Alpha groups (?), Aven and Co. bought a counter packet in the German-Czech Republic pipeline - the GDP controls and receives income from a reverse to the outskirts.

[volodya]

Quote: 210ox

Yes, and Gazprom reports like that too ..... Now they’re talking about a possible transit through Ukraine after 19 years. Under some conditions. All this is politics, and she’s such a girl ..

Quote: svp67

Trust ONLY Naftogaz messages, do not trust yourself ...

[hrych]

Again in words overtaxed, but with stained harem pants

[CAPTIVE]

Quote: hrych

Again in words overtaxed, but with stained harem pants

But the junta will not give us so much money ... We need to block the gas (except Donbass) to hell with the dog ..!
Let us lose first, but then they will pay for the year ahead ..

[hrych]

We have already taken Crimea for debts and press Donbass

[CAPTIVE]

Quote: hrych

We have already taken Crimea for debts and press Donbass

We still need Kiev and then calm down!
For moral damage! We will not touch the farmers of Zapadnentse if they give without blood ..

[seti]

But you forgot to mention that if there is a line in the contract (and this is not a piece of paper for the ass) about the mandatory purchase of a certain amount of gas, but for the court it is not significant then questions arise regarding the further conclusion of contracts and their consideration in such courts. So the decision is clearly not in our favor. After all, the concept of "take or pay" is primarily for what? And for that, I (the supplier) invested my money in the production of a certain amount of gas, and you (the buyer) agreed to purchase it. Do not want to purchase compensate me a certain agreed amount. And to put it mildly, they sent us on a hiking trip. Do you even understand this? Probably not.
This is the first. Secondly, they revised the contract for mandatory procurement (and the contract has already been concluded and is not subject to revision) Why then is it needed? And you again about the overwhelming.
We must pay 2 billion of debt. 3 billion $ with interest we have already given? They ran away .. Hold the wallet wider and can also spit there.

Talking is not necessary. And do not walk like a beggar around the world and pray that we will be heard in lousy Europe. Revolver and word can be achieved more than by prayers here with Colt, I agree.

[DMoroz]

Freedom of contract in the firebox. Even in our country, arbitration establishes the priority of the contract and applies the rule "Unless otherwise provided by the contract ..."

[Sam_gosling]

And our law establishes liability for a deal under pressure. And there is antitrust law that determines the position of participants in market relations. Tse dad casuistry.

[katalonec2014]

Quote: seti

Talking is not necessary. And do not walk like a beggar around the world and pray that we will be heard in lousy Europe. Revolver and word can be achieved more than by prayers here with Colt, I agree.

March 18 elections, try your luck ... I swear that I will give my vote to you.

[seti]

Vote for Starikov and the Great Patriotic Party .. But I’m afraid they won’t be missed otherwise the election results may surprise.

[katalonec2014]

Quote: seti

Vote for Starikov and the Great Fatherland Party ..

I myself sympathize with him, only he really will not pass.

[assa67]

Excuse me, Mr. Livanov .... So are you campaigning for the party, or are you caring for the Fatherland?

[kapitan92]

Quote: seti

So the decision is clearly not in our favor. After all, the concept of "take or pay" is primarily for what?

Nothing unexpected happened, Gazprom perfectly represented the result of the trial. The precedent was created by an Italian gas company ten years ago. In that case, the court also abolished the “take or pay” principle and the Italians as a result received about 5% of the required amount. Just these 2 billion. bucks match.

[seti]

So maybe it is not necessary that Stockholm arbitration consider controversial decisions? Or make the point that the contract is not subject to revision.

[kapitan92]

Quote: seti

So maybe it is not necessary that Stockholm arbitration consider controversial decisions? Or make the point that the contract is not subject to revision.

When signing any contract, the place for resolving contentious issues is always indicated, in this case This is the Stockholm Arbitration Court. When acquiring state. Securities is the London court - a debt of 3 billion debt
The contract was long-term, and who could have suggested that such a coup would happen on the outskirts. If I knew where to fall, I would lay straws.

[Freeman]

seti Today, 16:25
Revolver and word can be achieved more than by prayers here with Colt, I agree.

Sorry, correct you about Colt

With a good word and a gun, you can achieve much more than just a good word. - attributed to Al Capone

And for the main message of the comment - you are a plus

[ZAV69]

Revolver and word can be achieved more than by prayers here with Colt, I agree.

Is that for sure Colt said? Or Al Capone?

[siberalt]

Somewhere we have already seen. It hasn’t arrived yet, but already clapping its hands.

[Nikolai Grek]

as I recall, Ukrainians initially did not want to pay for 2014 ... it all started with this ... then Svidamy finally got the shores and began to put forward billions of dollars in court ... in response to this, Russia charged unbearable amounts for "take or pay "!! as a result, the court recognized a debt of 2 lard tanks + 0,03% of the amount for each day of delay !! it’s another matter that there is another lawsuit there, the decisions of which are expected in late February 19, from a meeting with Gazprom regarding the fact that Ukrainians offer to demand 16 lard tanks from us for .... the transit of our gas is too small from their point of view through this leper territory to europe !!! taking into account the fact that the Euros by their court practically leveled the “take or pay” requirement in our agreement, the decision of the second lawsuit in favor of the friend will look like nonsense !!! they say that Khokhlov Nezya is forced to fulfill a contract with a fixed volume of purchased gas, while Russia must pump a certain amount through a Svidia !!!!

[210ox]

Drink it with water. They will not pay a cent. And then how? And there either the donkey will die or the padish ..

[Angel_and_Demon]

Quote: 210ox

Drink it with water. They will not pay a cent. And then how? And there either the donkey will die or the padish ..

and here you can legally close the valve

[210ox]

Where? On the Russian border? But then we’ll cover the European contract with a basin as well. So far, bypassing Ukraine there is only SP1

Quote: Angel_and_Demon

Quote: 210ox

Drink it with water. They will not pay a cent. And then how? And there either the donkey will die or the padish ..

and here you can legally close the valve

[Angel_and_Demon]

Quote: 210ox

Where? On the Russian border?

it’s just there to close, but there will be enough gas for Europe along both SP1 and Yamal - but there is no reverse

[210ox]

Well then, we don’t need SP2 either .. Why?

Quote: Angel_and_Demon

Quote: 210ox

Where? On the Russian border?

it’s just there to close, but there will be enough gas for Europe along both SP1 and Yamal - but there is no reverse

[Angel_and_Demon]

Quote: 210ox

Well then, we don’t need SP2 either .. Why?

SP2 is needed, operation at full capacity will not lead to anything good, and, God forbid, an accident, that's all ...

[fa2998]

This money will not increase. There is no one at our top to protect the financial interests of the state! Some Italian company took its millions, turned off the "reverse" to Ukraine. Our "managers" have it all in chocolate. All losses of the state have already been written off, everything is popular, everything is nobody!

[Angel_and_Demon]

Quote: fa2998

everything is national, everything is nobody's

here would these compensators from their salaries to compensate for losses, then there would be a different approach to their work

[svd-xnumx]

Some Italian company took its millions, turned off the "reverse" to Ukraine.

At the same time, during the litigation, Naftogaz’s debt to Italians increased from 12 to 20 million, it came out at 10% per annum, not one bank in Europe would give such interest on the deposit.
After the arbitration decision, Naftogaz owes 0.03% to 2.018 billion for every day of delay. Now the debt is growing at $ 605400 every day, they could be bought at current prices for about 3 million cubic meters of gas. Then Gazprom will go to Ukrainian courts, the result of which I think for everyone is clear, and then appeal to the same European and Russian courts which, as in the situation with the Italian company, will seize gas for Ukraine (recall the court decision on 5 billion cubic meters that they should buy in Russia. and I think that no one will pay them put) So it is quite possible to organize a gas blockade from two sides.

[Nikolai Grek]

Quote: fa2998

This money will not increase. There is no one at our top to protect the financial interests of the state! Some Italian company took its millions, turned off the "reverse" to Ukraine.

Nitsche, what is the background to the lawsuit in 10 years ???

[Nikolai Grek]

Quote: 210ox

Drink it with water. They will not pay a cent. And then how? And there either the donkey will die or the padish ..

there is a penalty of 0,03% per day !!!

[jolly deckhand]

No one will now understand who, whom, for what, and how much he owes. The Stockholm arbitration made a Solomon decision rather than a fair decision, neither yours nor ours ...

[Nikolai Grek]

Quote: jolly deckhand

No one will now understand who, whom, for what, and how much he owes. The Stockholm arbitration made a Solomon decision rather than a fair decision, neither yours nor ours ...

Declaring overpayment, Naftogaz after 2014 refused to pay Gazprom at the contract price and transferred another amount that it considered “fair”. Gazprom was forced to bill for the underpayment, and after Naftogaz refused to pay this debt (about $ 2 billion) to transfer the gas supply to prepayment.

Since this all started!!!

[zzdimk]

As Naftogaz said, it will be so. The European Court - cover for a cockroach symposium in the head of the pan-leggings

[Iline]

In fact, a complete solution to the points can be found here http://www.finmarket.ru/news/4687184. And here everything is somehow not so rosy for Dill. We can say that quite the opposite.
And the next throw-in about the next "change" is for the domestic consumption of pan-and-leg.

[Lelek]

Quote: Iline

We can say that quite the opposite.

. That's why the Hetman's “synclit” in the evenings after the tequila lavender spreads snot on the table from despair:

[Nikolai Grek]

Quote: Iline

In fact, a complete solution to the points can be found here http://www.finmarket.ru/news/4687184. And here everything is somehow not so rosy for Dill. We can say that quite the opposite.
And the next throw-in about the next "change" is for the domestic consumption of pan-and-leg.

yes, the Svidamites are simply glad that Gazprom’s multi-billion dollar demands have not come true ... that’s what they say is victory !!!

[NF68]

Let Naftogaz jump for another 2 of the year. And then everything. The shop will be closed and they should not rush with their rude shit as if they were with a shit.

[Nikolai Grek]

Quote: NF68

Let Naftogaz jump for another 2 of the year. And then everything. The shop will be closed and they should not rush with their rude shit as if they were with a shit.

let 2 lard pay first, then let them jump !!!

[Mountain shooter]

When in the hands of a valve, Russia can do a lot of things. And the gain - he’s such ... Money in his pocket must be considered ...

[Lelek]

Quote: Mountain Shooter

When in the hands of a valve, Russia can do a lot of things.

. Kiev pretend that everything is "OK" and there will be no raids from this direction. But even their sworn "friendships" openly predict the "whistle" Ruin completely and irrevocably.

[vovashturman]

We still need to discuss what happened last year ..

[kunstkammer]

and I’m so glad ... so glad ... And for Gaziksprom and Naftihazik. Congratulations to their wallpaper with Pabedo Peremoga!
Dengi come on! Dengi!

[Overlock]

Does it seem that PEREOMOGA is again in the spirit of the Olympics?

[LAWNER]

LNG is better ..... but the Odessa port will not pull such volumes

[ALEXX.]

Pay if you want. So what?

[Captain Nemo]

Friendship won

[ZVS]

Ukrainians no longer know how to denote their significance. Even after losing, they shout that they won.

[tolmachiev51]

They sneezed on dill, to be afraid to remain without gas if Russia stopped deliveries through the outskirts.

[Terenin]

Yes, everyone already understands that economic entities are suing in those cases when they are still interested in relationships.

[Wolka]

so Gazprom’s losses, and it seems that the Russians will again have to pay them, and now they’re like gas for themselves for the “Ukrainian brothers” ...

[Nikolai Grek]

Quote: Volka

so Gazprom’s losses, and it seems that the Russians will again have to pay them, and now they’re like gas for themselves for the “Ukrainian brothers” ...

voice the loss of Gazprom ... given the fact that Ukrainians must pay him 2 lard greens !!!

[Strashila]

"At the same time, Naftogaz filed a counterclaim, which demanded a review of gas prices, as well as compensation for all overpayments for re-exporting gas. The amount of Naftogaz's claims amounted to $ 26,6 billion." from the site https://lenta.ru/news/2017/12/22/nafta_vs_gazprom
/ ... everyone remembers the victorious reports of the Ukrainian rulers about independence from Russian gas through re-export ... judging by their requests, they have not weakly enriched their friends in the EU by buying all the same Russian gas, now they are trying to make all the costs out of their dope to Gazprom.

[Lelek]

This is the first. Secondly, Gazprom notes that Naftogaz is silent about the need to pay $ 2 billion.

The decision of the court mentioned the figure of $ 2,018 billion.

[Natalia777]

Ukraine is obliged to pay a fine in the form of a penalty for late payments. Naftogaz for some reason considers this a victory. If it’s easier for them, then let them consider it.

[Babalaykin]

Wangyu - there will be unreal hysteria, heels in the chest that everything Ukrainians will freeze now - they will die without our tasty gas ... and in real life on the eve of 20 years, Whack and everything will be subscribed for another five years, and it’s not a fact that Gazprom will receive these lard forfeit and lards for the delivered gas, but this topic will no longer be pedaling as the fact that we will cover them all. As a result, the Europeans are satisfied, the Naftagazians are happy, the Gazprom engineers are happy to make speeches about stable income and so on, and we, as a general ***, will think "it was sho." Nobody remembers about three lard ... and this is an indicator - any agreement is just a paper.

[antivirus]

put all pride in the west
Russian oligarchs defeat ukrovskih and immediately peace. Donbass "reconcile" with coasters. and live everything - download loot.
EVIL wins.
no pride and St. George ribbons ----- only loot. everywhere.

[MOSKVITYANIN]

As you can see, the Stockholm judges made a decision, which is primarily aimed at ensuring that Russia does not refuse Ukrainian transit.

Key phrase of the article. There are no crazies in the EU, although their winters are not as cold as ours ...

[NordUral]

What I see is that it’s definitely not us, the people of Russia.

[Multicast]

Guys, there’s a bargain with Russia for Ukraine from here and the statement that in 2019 you will no longer receive gas cover and gas through Ukraine! But in reality Gazprom - wants to break through favorable conditions for itself and say to its customers - go and speak with Ukrainians ... Therefore, such statements for 2019. I think, as always, they will sign an agreement on favorable terms for everyone, but through Ukraine there really will be less flow ...