An Arbitral Tribunal under the auspices of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) on 31 May 2017 rendered a separate award in the Gas Sales Arbitration regarding a Gas Sales Contract from 2009 between Naftogaz and Gazprom. The tribunal rejected Gazprom’s “take-or-pay” claim and satisfied Naftogaz’ claim to make the contract price market-reflective. Furthermore, the tribunal, i.a. invalidated the contractual prohibition against gas re-export.

Gernandt & Danielsson (Partners Björn Tude and Marcus Johansson) acts as counsel for Naftogaz together with Wikborg Rein of Norway.