Gas Giant Gazprom
Posted on 09/27/2022 12:05:06 PM PDT by FarCenter
Kremlin-controlled gas giant Gazprom (GAZP.MM) said on Tuesday it rejected all claims from Ukraine's energy firm Naftogaz in arbitration proceedings over Russian gas transit, and had notified the arbitration court.
It also said that Russia may introduce sanctions against Naftogaz in case it further pursues the arbitration case, meaning Gazprom would be prohibited by the sanctions from paying Ukraine the transit fees.
Naftogaz had initiated a new arbitration proceeding against Gazprom earlier this month, saying the Russian company did not pay for the rendered service of gas transportation through Ukraine. read more
The company had said "funds were not paid by Gazprom, neither on time nor in full" for the gas transit.
Gazprom said on Tuesday that Naftogaz had no "appropriate reasons" to reject its obligations on transit via the Sokhranovka point, a key route for Russian gas exports to Europe.
(Excerpt) Read more at reuters.com ...
I've been puzzled by why the Russians have not shut off the Ukrainian flow already.
In Dramatic Escalation, European Nat Gas Prices Soar After Gazprom Warns Ukraine Flows At Risk
Gas Giant Gazprom
Jupiter, Saturn, Uranus, Neptune and Gazprom.
They need the money.
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