“Gazprom” has received damages of $4 billion at the end of “most important season”

The Russian company “Gazprom” in the first quarter of 2020 received 306,23 billion rubles or $4,14 billion of net loss under Russian accounting standards. On 14 may, reports “Interfax”.

Over the same period in 2019, the company received 199,47 billion rubles or $2.7 billion net profit.

“For “Gazprom” as a supplier of fuel and energy resources is a very important seasonal factor. So winter first and fourth quarters are in the annual cycle are the most important,” – said in a statement.

In the second and third quarter of the company’s profit often greatly reduced and even dropped into negative territory. But first, the coldest quarter for this report has always been one of supporting him in this decade accounted for half of all annual profits of the company.

For the fourth quarter of 2019, “Gazprom” has received 154,32 billion rubles or $2,08 billion in profits, almost three times less than in the same period of 2018.

28 February 2018 the Stockholm arbitration court satisfied the claim of “Naftogaz Ukraine” to “Gazprom” about the lack of transit volumes. The Ukrainian company has made payment in the amount of $4,63 billion By the results of two arbitration proceedings in Stockholm “Gazprom” was to pay”Naftogaz” $2.56 billion From March 1, 2018 in the amount of the debt of “Gazprom” there were penalties.

Gazprom appealed against both the decision of the Stockholm arbitration and started the procedure for termination of the contract with NAK “Naftogaz Ukraine”.

Naftogaz has begun the procedure of forced collection of assets of “Gazprom” in the Netherlands, the UK, Switzerland and Luxembourg.

21 December 2019, Gazprom announced that it would pay “Naftogaz” before the New year, more than $2.9 billion under condition of refusal of the Ukrainian side of new claims and review parties to the arbitration and lawsuits for which there are no final decisions. 27 Dec NAC said that the results of the proceedings in the Stockholm arbitration to “Gazprom” transferred Ukraine tranche in the amount of $2.9 billion, and a total of $5 billion.

30 December, Ukraine and Russia signed a new five-year contract for gas transit. According to the document, the minimum guaranteed throughput in the first year will amount to 65 billion m3 of gas, then 40 billion m3 over the next four years.

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