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Monday, October 24, 2016

A hint to Kiev, “Gazprom” should not Lithuania 1.4 billion euros for gas

European arbitration sided with Gazprom in dispute with the authorities of Lithuania. The court rejected the claim of Vilnius to the company demanding € 1.4 billion in compensation for “unfair” gas prices.

photo: pixabay.com

A lawsuit against “Gazprom” was directed at the Arbitration Institute at the chamber of Commerce of Stockholm in 2012. But the Stockholm arbitration I do not see reasonable arguments either of the other parties.

The Ministry of energy of Lithuania noted that the Tribunal did not see reasonable arguments either of the other parties, and considered the term “right price” abstract and decided that to require delivery at the lowest price is meaningless. The Minister Rokas Masiulis said that the Vilnius disappointed with this decision.

Arbitration Institute at the chamber of Commerce of Stockholm, refused to Vilnius in the recovery of “compensation” from the Russian company “Gazprom” in the amount of 1.4 billion euros.

Lithuanian energy Minister Rokas Masiulis expressed about it the disappointment. The money the Republic demanded for “unjust”, according to Lithuanian authorities, the price of gas.

Lithuanian energy Ministry claimed that “Gazprom” has violated the joint agreement with the company-importer of hydrocarbons Lietuvos Dujos, setting fair prices for natural gas supplied to Lithuania, and demanded from Moscow of 5 billion Lithuanian litas.

“Arbitration drew attention to the fact that the term “right price” is an abstract in order to assess the possible damage. In addition, the arbitrators decided that the requirement to provide gas at the lowest price does not make sense”, – stated in the message of the Ministry of energy of Lithuania.

A lawsuit against “Gazprom” was directed at the Arbitration Institute at the chamber of Commerce of Stockholm in 2012. And only now, in this case the verdict was.

As has declared “MK” the Deputy Director General for gas problems national energy security Fund Alexei Grivach, the Stockholm arbitration court took the side of Gazprom in a dispute with the authorities of Lithuania not just.

Similar litigation could be followed by other former Soviet republics. But, apparently, for Russia it is only good. According to Alexei Grivach, such a move — another nod towards Kiev, which is flatly not going to pay Russia for gas debts. The amount formed is rather large, it differently at least $3 billion in sovereign debt and debt of private companies that exceed this amount.

But the current Ukrainian government to do is not going to. Yatsenyuk continues to insist: is it a personal bribe Yanukovych, and the Minister of Finance of Ukraine Natalie Jaresko said that Ukrainian people to pay the debt not.

Kiev does not get tired to propose new conditions to earn on the public (in the European community) the discussion of this issue unnecessary “political capital”. First of all, Yatsenyuk and his ilk demand that Moscow itself has acknowledged this debt is commercial and not sovereign.

In this case Russia will have to join a commercial club of Ukraine. As you know with them have agreed — from $18 billion Ukrainian debt 20% deducted immediately and the remaining payments extend for additional 10 years.

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