November 27, 2019 / 10:50 AM / 15 days ago

Ukraine's Naftogaz defeats appeal by Gazprom against Stockholm arbitration ruling

KIEV, Nov 27 (Reuters) - Ukraine’s state energy firm Naftogaz on Wednesday said a Swedish court had rejected an appeal by Russia’s Gazprom against a decision in one of several long-running legal disputes over gas contracts.

Naftogaz had secured a favourable decision in December 2017 on its demands that the price of Russian gas to Ukrainian consumers be reduced and the take-or-pay requirement be cancelled.

Wednesday’s decision comes as the two companies are also negotiating gas supply talks to replace an existing deal that expires at the end of 2019.

Reporting by Natalia Zinets; writing by Matthias Williams; editing by Louise Heavens

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