November 27, 2019 / 10:50 AM / 19 days ago

Ukraine's Naftogaz defeats appeal by Gazprom against Stockholm arbitration ruling

FILE PHOTO: A woman walks past the headquarters of the Ukrainian state energy company Naftogaz in central Kiev, Ukraine September 13, 2019. REUTERS/Valentyn Ogirenko/File Photo

KIEV (Reuters) - Ukraine’s state energy firm Naftogaz on Wednesday said a Swedish court had rejected an appeal by Russia’s Gazprom against a decision in one of several long-running legal disputes over gas contracts.

Naftogaz had secured a favorable decision in December 2017 on its demands that the price of Russian gas to Ukrainian consumers be reduced and the take-or-pay requirement be canceled.

Wednesday’s decision comes as the two companies are also negotiating gas supply talks to replace an existing deal that expires at the end of 2019.

Reporting by Natalia Zinets; writing by Matthias Williams; editing by Louise Heavens

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below