Shortly after Royal Dutch Shell and Naftogaz signed a shale gas production deal, Gazprom blamed Naftogaz for failing to meet obligations imposed by the gas supply contract, and issued a bill of $7 billion.
In accordance with the 2009 take-or-pay contract, in 2012 Ukraine should have paid – regardless of whether it had been imported or not – for at least 41.6 billion cubic meter of gas, while the actual amount of imported natural gas was nearly 8.7 billion cubic meters less. In addition, Naftogaz itself imported from Gazprom only 24.9 billion cubic meters of gas.
Naftogaz claimed it had no intention to pay the bill since the contract prescribed to pay for the natural gas actually supplied to Ukraine’s territory. As the stakes grow, the gas dispute is moving towards a stalemate dilemma: to go to court, or to find a compromise.