Latvian energy company Latvijas Gaze is currently buying natural gas from Russia and paying in euros instead of the rubles required when dealing with Russian gas giant Gazprom, the company said today.
“We buy natural gas from Russia, but not from Gazprom. We get it from another provider,” a Latvijas Gaze spokesman told Reuters.
“We are not the only ones in Latvia, there are other companies that receive natural gas from Russia,” she said.
Latvijas Gaze declined to name its supplier, citing business confidentiality, adding that it pays in euros, as required by Latvia’s regulatory framework.
Unlike neighboring Lithuania, which has banned Russian gas imports, Latvia will not do so until the end of 2022.
“According to amendments to the Energy Law effective from (July 28), natural gas supplies from Russia are prohibited from (January 1) 2023. Until that date, natural gas supplies from Russia are allowed,” it said the company in a separate announcement.
Latvian broadcaster LTV reported on Thursday that Latvijas Gaze was buying Russian gas and paying for it in euros.
Moscow in late March demanded that foreign buyers start paying for gas in rubles or risk losing their supply.
Source: Capital
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