Court ruled on enforced debt recovery from Gazprom in February – Vitrenko

The court in Amsterdam has determined the expected date of the decision on the claim of Naftogaz of Ukraine on the enforcement of debt recovery from Gazprom PJSC – February 25, 2020. The CEO at Naftogaz Yuriy Vitrenko reports this.

“Our assessment is that the hearings have been successful for us, and therefore we look forward to a positive court decision that will allow us proceeding with the sale of Gazprom assets that we have successfully arrested before,” Vitrenko wrote on his Facebook page.

He reminded that Naftogaz claims about $ 3 billion from Gazprom in Stockholm arbitration. On two contractual matters between the two companies, the arbitration ruled that the Russian company should compensate for the underloading of the Ukrainian gas transportation system. The Russian side refused to comply with the arbitrators’ decisions and started to simultaneously appealing against the decisions and termination of the contracts with Naftogaz.

Instead, Naftogaz has initiated a process of enforcing the debt recovery from Gazprom in the international jurisdictions. At present, the company has succeeded in arresting and disclosing a number of Gazprom’s assets.

17:15 / 6 December, 2019

Upcoming events
08:00 / 26 September, 2019
ODESA OFFSHORE CONFERENCE-2019 Ukraine has every chance to resume the work of the most promising oil and gas region, the Southern oil&gas fields. The untapped deposits of oil and gas are located both onshore and subsea. Four companies have already poised to conclude Production Sharing Agreements with Ukraine, whilst bidding for the Dolphin oil&gas fields on Black Sea shelf. The Odesa Offshore Conference (OOC2019) will serve as a venue for Ukrainian and international bidders to meet with local and international drilling, oilfield service and equipment manufacturers to kick-off emerging subsea and onshore projects in Ukraine.
12:00 / 13 June, 2019
08:00 / 23 May, 2019
Carpathian Oil&Gas Conference-2019 The development of oil&gas industry, introduction and implementation of new E&P technologies, stimulation, workovers &recovery of oil&gas wells will be among upstream focal points of the FIRST DAY of COGC2019 - 23 May. The SECOND DAY of Conference will be devoted to midstream, downstream, and trade in hydrocarbons, to spotlight the nowadays dynamics and robust changes in the Ukrainian oil&gas market. The Ukrainian Gas Market day of 24 May 2019 will become a marketplace venue for natural gas traders and natural gas transmission & distribution companies to meet and discuss prospective deals in the UAH 200 billion natural gas market of Ukraine.
Carpathian Oil&Gas Conference-2019
All events