A Ukrainian company has initiated a pre-arbitration procedure against a Russian company-it will expire in July.
Naftogaz intends to file an arbitration claim against Russia’s Gazprom in July for failing to comply with the “pump or pay” clause under the gas transit contract. This was stated by the head of the NAC Yuriy Vitrenko on Tuesday, June 21.
“The terms of our contract with Gazprom state that there are 45 days to try to resolve the differences before going to arbitration. Next month this period will expire and if nothing happens and Gazprom will not change. its position, it means that next month we will have the right to apply to international arbitration, ”he said.
Vitrenko explained that Gazprom currently does not pay extra for the transit volumes he has booked and which are available.
Nearly a month ago, Naftogaz announced the start of proceedings prior to arbitration against Gazprom.
Meanwhile, Gazprom recently reduced gas supplies to Europe and refused to use the available capacity of the Ukrainian GTS, as well as the Yamal-Europe gas pipeline through Poland.
News from Athletistic in the Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.