Ukrainian Gas Co. Starts Arbitration Proceeding Against Gazprom Over Unpaid Transit Services

Ukrainian state-owned oil and gas company Naftogaz launched a request for arbitration with the International Court of Arbitration of the International Chamber of Commerce over "the actions" of Russian oil company Gazprom, Naftogaz said in a statement. The Ukrainian company demands that Gazprom pay for natural gas transit services carried out in Ukraine. Gazprom has not paid any of these funds, "neither on time nor in full," the statement said. Added Naftogaz CEO Yuriy Vitrenko: "We will make Gazprom pay. Naftogaz also assesses the possibility of additional claims. We will use our experience of victories over Gazprom in arbitration."