Naftogaz is expecting a separate award of the Stockholm Arbitration Tribunal regarding the dispute with Gazprom over the Gas Sales Contract

31.05.2017, 15:00:22

The Arbitral Tribunal under the auspices of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) is expected to render a separate award in the Gas Sales Arbitration between Naftogaz and Gazprom under the long-term Gas Sales Contract between the Parties.

The separate award is expected to decide all legal and factual issues required to resolve the Parties' claims except certain elements and/or values of a numeric or quantifiable nature. All remaining issues and any resulting monetary claims are expected to be left for the final award to be rendered at a later stage. The separate award is going to be final and binding.

Corporate Communications Department
NJSC Naftogaz of Ukraine