Gas price: Naftogaz-Gazprom talks on Stockholm Arbitration award to start shortly

REUTERS

"Negotiations will be starting now, in the next few days. We will not disclose any details but we are talking about the implementation of the final award on the gas supply contract," Vitrenko said.

The official also recalled that according to the decision by the Stockholm Arbitration, Gazprom’s price of gas for Ukraine should be lower than the cost of gas coming from the EU with the cost of gas transmission from Europe to Ukraine.

Read alsoNaftogaz CEO: Ukraine should resume imports of Russian gas in 2018"We believe that the tribunal’s decision makes it very clear that gas supplies to the uncontrolled territory [by Gazprom in 2015-2017] cannot be considered supplies to Naftogaz under said contract," he added.