Gazprom cuts gas to Orsted in Denmark and Shell Energy customers in Germany

Russian energy giant Gazprom announced today that it would cut off gas supplies to Orsted, Denmark, and Shell Energy for a gas supply contract in Germany after the two companies refused to comply with Moscow’s demand for a ruble payment.

The supply of the two companies with natural gas will be stopped on June 1, Gazprom announced.

Orsted had warned on Monday that Russia’s Gazprom could cut off gas supplies to Denmark after refusing to pay in rubles, stressing that such a move would not have a direct impact on Denmark’s gas supplies.

Today, the CEO of the Danish energy company Madz Nieper stated that Orsted will be able to pump gas from European markets, expressing the belief that this is possible.

“Block” in the Netherlands as well

Russian energy giant Gazprom announced on Tuesday that it had completely cut off gas supplies to Dutch gas trading company GasTerra after failing to pay for gas delivered in April, Reuters reported.

Gazprom stressed that payments for Russian gas should be made in rubles, as requested by Russian President Vladimir Putin.

GasTerra had been waiting for this move since yesterday, Monday, when it announced that from Tuesday, May 31, it would stop receiving gas from the Russian Gazprom, after it refused to agree to Moscow’s demands and to pay in rubles.

GasTerra, which buys and trades gas on behalf of the Dutch government, said it had already contracted with other providers to cover the 2 billion cubic meters (bcm) of gas it was to receive from Gazprom by October.

In a statement, GasTerra said it had decided not to adopt the payment system required by Russia, which required the opening of accounts to be paid in euros, which would then be converted into rubles. The company claims that these actions may violate the sanctions imposed by the European Union on Russia and that the method of payment presents many financial risks. He had repeatedly asked Gazprom to continue to fulfill its obligations under the contractual payment methods.

Source: Capital

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