Co-owner RUE Austrian Centragas starts arbitration

co-owner of the company RosUkrEnergo AG (Switzerland) company Centragas Holding AG (Austria) will begin arbitration proceedings against the Government of Ukraine in accordance with the Energy Charter Treaty. This is stated in the statement Centragas Holding AG, broadcast agency UNIAN.

The report notes that the Ukrainian government has not responded to an official request of the company Centragas, made in accordance with the Energy Charter Treaty (ECT), to join the negotiations on the expropriation of 11 billion cubic meters. meters of gas belonging RosUkrEnergo - a joint venture 50% is owned by Centragas and a 50% - Gazprom.

Company recalls that, as it had earlier noted in its statement of 26 November 2009, international law firms have confirmed that Centragas, as holder of 50% of RosUkrEnergo, has the legal right to this claim, under the terms of the Energy Charter Treaty and that this action may be sent directly to the Government of Ukraine, since it owns 100% shares of “Naftogaz Ukraine”.

In accordance with the ECT, which was signed by Ukraine, and it is thus bound by its terms, the Ukrainian government might respond to a request Centragas within 3 months. This period ends on February 9 this year

“I can confirm that we have not received any notice from government representatives or officials of Ukraine in response to our appeal to the start of the trial, according to the Energy Charter Treaty. Therefore, I have instructed my lawyers to prepare for Top of the arbitration process next week. We are determined to encourage the Ukrainian government accountable for their actions and those of state-controlled energy monopoly Naftogaz: they should respect and comply with their obligations under the Energy Charter Treaty “, - said managing director1000David Centragas Holding AG BROWN.

As UNIAN reported earlier, in late November 2009 Chairman of the Board of Naftogaz Ukraine “Oleg Dubina said that he considered illogical claim Centragas to Ukraine by 11 billion cubic meters. m. of gas, previously owned by Swiss gazotreyderu.

Recall Centragas company sent a letter to the Government of Ukraine to the beginning of the trial in accordance with the Energy Charter in respect of the expropriation of the company RosUkrEnergo in January 2009, 11 billion cubic meters. meters of gas to Naftogaz Ukraine “, the owner of 100% of which is the Ukrainian government.

Centragas insists that the 11 billion cubic meters. m. of gas owned by RosUkrEnergo, in which the second co-founder with a share of 50% is Russian Gazprom, and that at the time of expropriation RosUkrEnergo holding the gas in Ukrainian storage facilities for further transit and delivery of this gas to its customers in Europe.

In mid-November 2009 the Ministry of Justice of Ukraine reported that Centragas, in accordance with the Energy Charter, requested the Government of Ukraine to the World resolving a dispute over allegedly expropriated 11 billion cubic meters. meters of natural gas. According to the Ministry of Justice, the charter provides that if the dispute can not be solved by the world within three months from the date of the request for the global settlement, the investor can submit it for decision in the courts or arbitral tribunals.

currently in the Stockholm arbitration in preparation for the hearing of mutual disputes between Naftogaz Ukrainy and RosUkrEnergo, which on Aug. 28, 2009 were consolidated into one case. According promulgated in early November, according to Naftogaz, the award is initiated by the Swiss company back in April 2008, the lawsuit is expected in the second quarter of 2010.

total legal claims to “Naftogaz Ukraine”, according to his data, as of November 5, 2009, amounted to 10 bln. Ukrainian jurisdiction by the courts and 28 billion USD (3.5 billion dollars) in the courts of foreign jurisdictions. At the beginning of 2009, Naftogaz Ukrainy, called a lower amount of claims - 17,5 bln.

first Naftogaz Ukrainy reported legal dispute with RosUkrEnergo at the end of March 2009.

According to First Deputy Chairman of the Board of Naftogaz Ukraine “Ihor Didenko, RosUkrEnergo put forward claims to accrue NAC fines and penalties in the amount of $ 600 million, $ 55 million and $ 20 million, in turn, “Naftogaz Ukraine” to RosUkrEnergo filed counterclaims for $ 62 million, $ 118 million, as well as termination of the transport contract and breach of contract for storage.

Then, according to NAK Naftogaz of Ukraine “, RosUkrEnergo has not filed a Stockholm court proceedings on the legality of the appropriation of” Naftogaz Ukraine “, 11 billion cubic meters. meters of natural gas, previously owned gazotreyderu.

In the middle of November 2009 the Russian newspaper Vedomosti reported that RosUkrEnergo has increased the claim to “Naftogaz Ukraine” four times - to 8,26 billion dollars for the expropriated, in her opinion, 11 billion cubic meters. meters of natural gas.

Centragas Holding AG - a holding company which, in equal shares with the Russian energy company Gazprom owns the Swiss distribution company RosUkrEnergo.

90% of shares owned by Centragas Group DF - international private holding company known Ukrainian businessman Dmitry Firtash.

Centragas is registered in Austria in July 2004. Centragas Offica72e is located in Vienna and is headed by managing director David Brown.


An attempt to pass an important support level at 1,390 points, which failed last week, ended his breakdown at this
In the short term quotations may play a part of the lost positions, including those under the influence of technical factors
U.S.: the fall in unemployment was pleased just the high-tech sector
Europe: Investors are forced to “wear the bearskin”
To Clearing operations now need permission from the NBU
SP: Public finance of Ukraine will continue to be under pressure in 2010
NBU: The cost of mortgage rates should decline by 25%
Citizens prefer deposits in UAH, and not in the currency
“Arcelor Mittal Krivoy Rog” increased wage rates and salaries on 11,43%



Leave a Reply
\