Russia stops supplying gas to Denmark and Germany from 1-6

Russia stops supplying gas to Denmark and Germany from June 1 – Photo: REUTERS

Specifically, Gazprom said it had completely cut off gas supplies to the Dutch company GasTerra from May 31. Not long after, the company said that from June 1, it would stop supplying gas to Denmark and Germany through Orsted and Shell Energy, “because neither company pays in rubles to the Russian side.” “.

According to Reuters news agency, the move is the latest retaliation to the sanctions that the leaders of the European Union (EU) have just introduced, cutting 90% of the EU’s oil imports from Russia into the country. Last year.

GasTerra, the company that represents the Dutch government in buying and trading gas, said it had signed contracts with suppliers elsewhere to buy 2 billion cubic meters of gas that should have been supplied by Gazprom by now. October 2022.

Pieter ten Bruggencate, a spokesman for the Ministry of Economy, said the Netherlands was not under threat in terms of gas supplies.

Following Gazprom’s announcement on May 31, Orsted also said there was no immediate risk to Danish gas supplies. Orsted will turn to the European gas market to make up for its shortfall.

Mads Nipper, chief executive officer of Orsted, said: “Securing gas for Denmark is mandatory, but to a greater extent it has to be purchased in the European gas market. We expect this to be the case. this will be possible”.

According to Reuters, the standard monthly gas contract for delivery rose about 5% on the afternoon of May 31, to around 91.05 euros/megawatt/hour, but still well below the level above 300 euros/megawatt/hour. early March 2022.

Russia has stopped supplying gas to Bulgaria, Poland and Finland also because these countries do not agree to pay for gas in rubles.

Supply cuts have sent already high gas prices higher, fueled inflation and forced European governments and companies to find alternative sources and build infrastructure to handle them. .

Earlier on March 31, Russian President Vladimir Putin said that he had signed a decree requiring foreign buyers to pay for Russian fuel in rubles from April 1, the contract will be terminated if Buyer does not pay.