Naftogaz Group mentioned Tuesday it had requested Gazprom to pay a $1.37 billion arbitration award gained by the Ukrainian firm in Zurich.
“The quantity contains the principal debt for fuel transit providers beneath the 2019 settlement, in addition to delay curiosity and full compensation for authorized bills incurred by Naftogaz”, Naftogaz mentioned in a web based assertion. The state-owned built-in oil and fuel firm mentioned it had gained the award June 10.
“Ought to Gazprom fail to conform voluntarily, Naftogaz plans to provoke asset restoration measures focusing on the Russian firm’s holdings overseas”.
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Gazprom has but to answer Rigzone’s request for remark.
Naftogaz added it continues to pursue enforcement of a separate arbitration award of over $5 billion in opposition to the Russian authorities over what the corporate mentioned was the “unlawful expropriation” of its property in Crimea when Moscow annexed the peninsula in 2014.
Naftogaz gained the compensation earlier than the Everlasting Courtroom of Arbitration in The Hague in 2023.
In October 2024 Naftogaz mentioned a Finnish court docket had granted its movement to freeze sure Russian-owned property in Finland together with actual property in enforcement of the 2023 award. The freeze order by the Helsinki District Courtroom concerned tens of thousands and thousands of {dollars}, Naftogaz mentioned then.
In April 2025 Naftogaz mentioned a French court docket allowed it to grab Russian property in French territory pursuant to the 2023 ruling.
Saying the Paris Judicial Courtroom’s grant of a depart to implement, or exequatur, Naftogaz additionally mentioned the Dutch Supreme Courtroom had earlier “dismissed the cassation attraction of the Russian Federation to overturn the tribunal’s partial award on jurisdiction and deserves”.
Naftogaz mentioned it had “registered mortgages” on a number of Russian state-owned property in France valued over EUR 120 million ($139.15 million), in enforcement of the French determination.
“Naftogaz had been the main participant within the pure fuel business in Crimea, lively in fuel exploration, manufacturing, transport, storage, processing, and distribution”, it mentioned. “The corporate’s property included particular permits for subsoil use; gear and infrastructure; pipeline and gas-storage operation rights; possession pursuits in fuel pipelines; and over 675 million cubic meters of saved fuel”.
The Russian authorities haven’t replied to Rigzone’s requests for touch upon the French ruling.
In Tuesday’s announcement of the Swiss arbitration award, Naftogaz mentioned it’s pursuing the 2023 award in eight different “jurisdictions”.
“Proceedings are ongoing in different nations, although additional particulars stay confidential for authorized technique causes”, it added.
“In most jurisdictions, Naftogaz is represented by main native legislation corporations engaged on a professional bono foundation”.
To contact the creator, e mail jov.onsat@rigzone.com
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