"Naftogaz" is doomed to ruin the contract with "Gazprom"

09 February 2018, 11:30 | Economy
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"Naftogaz" will not be able to fulfill a contract with Gazprom, according to which it should until 2019. choose 4 billion cubic meters of "blue fuel" according to the formula take-or-pay. Such conclusions were reached by Kommersant, having discussed the situation with specialists. And this time "Naftogaz" will become an unreliable party to the contract thanks to the Stockholm arbitration. The bottom line is that the court has determined the new annual volume of gas that Ukraine should buy, and Russia to supply the non-clandestine in the amount of 5 billion cubic meters, of which 80%, that is, 4 billion - without fail. If everything goes as planned, then fuel supplies will begin in March. Average daily volume is already distributed according to seasonality. But even if Naftogaz turns on pumping for this capacity, by the end of the year it will be able to choose only 3.979 billion cubic meters, which is below the mandatory level. And then Ukraine will have to pay a fine. There are two ways out: either to reach an agreement with Gazprom and at some time to withdraw above the average daily volumes specified in the contract, or to agree on the transfer of the unselected in 2018. volumes for 2019.

Otherwise - sanctions for failure to perform the contract. In principle, "Gazprom" has never refused anyone to supply diurnal volumes a little larger than it is supposed to under the contract. But in the case of Ukraine, it may be bogged down. Since earlier the head of Naftogaz, Andrey Kobolev, has written to journalists about how the company will buy more Russian gas at summer rates, and then send it to re-export at high winter prices.

In this turn, Gazprom is clearly not interested.




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