The Astana Worldwide Monetary Heart Courtroom has allowed Naftogaz Group to implement a $1.4-billion worldwide arbitration award towards PJSC Gazprom in Kazakhstan.
The claims stem from the Russian state-owned firm’s purported failure to pay Ukraine’s state-owned Naftogaz below the Russia-Ukraine Fuel Transit Settlement.
“That is the primary public international courtroom choice recognizing and granting permission to implement this arbitration award towards Gazprom within the territory of a separate state”, Naftogaz mentioned in a web-based assertion.
- Advertisement -
The courtroom says it’s separate from the judicial system of Kazakhstan. It presides over – as per its phrases – “disputes through which all events agree to provide the Courtroom jurisdiction”.
Naftogaz had been obligated to prepare the transit of gasoline for Gazprom below the 2019 settlement till the settlement expired firstly of 2025.
“In Might 2022, on account of actions by Russian occupying forces, it grew to become not possible to prepare gasoline transit via the Sokhranivka entry level. Regardless of this, Naftogaz Group continued to offer gasoline transit companies supplied for below the Settlement via the Sudzha entry level”, Naftogaz mentioned.
“However, Gazprom refused to pay absolutely for gasoline transportation group companies, thereby breaching its contractual obligations”.
That led Naftogaz to hunt arbitration in Switzerland below the foundations of the Worldwide Chamber of Commerce, as supplied for below the gasoline transit deal, in response to Naftogaz.
“In June 2025, the arbitral tribunal seated in Switzerland issued its Closing Award, discovering Gazprom absolutely responsible for failing to meet its obligations and figuring out that there have been no legitimate grounds for non-payment”, Naftogaz mentioned. “The tribunal ordered Gazprom to pay the excellent debt for gasoline transportation group companies, in addition to curiosity and arbitration prices.
“In January 2026, the Swiss Federal Tribunal dismissed Gazprom’s attraction, thereby lastly confirming the validity of the award.
“As Gazprom has didn’t adjust to its obligations voluntarily, Naftogaz Group is pursuing a global asset restoration marketing campaign throughout a number of jurisdictions”.
Gazprom and the Russian Overseas Affairs Ministry have but to answer to Rigzone’s remark requests.
In a separate case towards Gazprom, Naftogaz mentioned final yr it had received Austrian and French courtroom rulings to implement an arbitration award of about $5 billion. In April 2023 Naftogaz received compensation earlier than the Everlasting Courtroom of Arbitration (PCA) in The Hague over what the corporate mentioned was Russia’s “unlawful expropriation” of its belongings in Crimea shortly after Moscow annexed the peninsula in 2014.
The District Courtroom of the Inside Metropolis of Vienna allowed Naftogaz to grab Russian belongings in Austria to assist notice these claims, Naftogaz mentioned August 4, 2025.
“Specifically, the courtroom licensed the encumbrance of over 20 actual property properties owned by Russia in Austria, which will likely be bought via public sale”, Naftogaz mentioned then. “These belongings alone are estimated to be price greater than EUR 120 million [$139.32 million].
“Related authorized actions are ongoing in different jurisdictions”.
In the meantime below the Paris Judicial Courtroom’s grant of a go away to implement, Naftogaz mentioned April 17, 2025 it had “registered mortgages” on a number of Russian state-owned belongings in France valued over EUR 120 million.
Gazprom and the Russian authorities haven’t responded to Rigzone’s remark requests on the rulings.
To contact the creator, e mail jov.onsat@rigzone.com
What do you assume? We’d love to listen to from you, be part of the dialog on the
Rigzone Power Community.
The Rigzone Power Community is a brand new social expertise created for you and all vitality professionals to Communicate Up about our business, share information, join with friends and business insiders and interact in knowledgeable neighborhood that may empower your profession in vitality.
