21
Mar
2018
Debates Seminars and Round-table Conferences
Bruxelles
from 15:00 to 16:30
This event is public
gazprom_naftogaz.jpg

The Way Forward after the Gazprom-Naftogaz Stockholm Arbitration Awards: the View from Naftogaz

The Gazprom-Naftogaz arbitration procedure totalling around USD 125 billion in mutual claims at the Arbitration Institute of the Stockholm Chamber of Commerce has finally come to an end following two awards from December 2017 and February 2018. Naftogaz has won a net USD 2.56 billion, the take or pay level has been reduced, the gas price formula changed, ship or pay levels for the transit confirmed and the gas transit tariff formula has been maintained. The award has important implications for Naftogaz, Ukraine’s gas market reforms, Gazprom, the security of Russian gas supplies to Europe and the future of European gas markets. This event aims at listening to Naftogaz’s analysis of the awards and their implications, understanding its way forward in terms of implementing the arbitral awards, pursuing corporate restructuring and overall, gas sector reforms and ensuring reliable and competitive gas transmission operations post 2020 and in the longer term.

A preliminary assessment of the awards and their implications for Gazprom and Naftogaz by Ifri’s Centre for Energy can be found here: The Gazprom-Naftogaz Stockholm Arbitration Awards: Time for Settlements and Responsible Behaviour

15:00-15:10 : Introduction:  Marc-Antoine Eyl-Mazzega, Director, Ifri Centre for Energy

15:10-15:40 - Naftogaz's Views: Andriy Kobolyev, CEO, Naftogaz

15:40-16:30 - Questions & Answers

Concluding Remarks: Bruno Lescoeur, Independent Membrer of the Supervisory Board, Naftogaz

 

Address: 
Conseil Central de l'Économie - Room 6 - Avenue d'Auderghem 20, 1040 Brussels (metro: Schuman)
Contact the organizers: 

Pour plus d'informations sur le débat, veuillez contacter : breux@ifri.org

Keywords
Energy European Energy Policy gas Gazprom Russia Ukraine