Russia to Suspend , Some Gas Exports , to Germany.
CNN reports that Russia plans
to shut off its natural gas supplies
to Shell's German customers.
CNN reports that Russia plans
to shut off its natural gas supplies
to Shell's German customers.
On May 31, Russia's state energy giant, Gazprom,
said that it would suspend natural gas
exports to Shell starting on June 1.
Gazprom claims the decision
came after Shell failed to
make payments in rubles.
Shell Energy Europe Limited has notified
Gazprom Export LLC that it does not intend
to make payments under the contract
for the supply of gas to Germany in rubles, Gazprom statement, via CNN.
Shell Energy Europe Limited has notified
Gazprom Export LLC that it does not intend
to make payments under the contract
for the supply of gas to Germany in rubles, Gazprom statement, via CNN.
As a result, Gazprom said that Shell
would lose up to 1.2 billion cubic
meters worth of gas annually. .
According to Germany's economic ministry,
this is just a fraction of the 95 billion meters
the country consumes each year.
However, CNN reports that the move
is still likely to impact German industry,
which relies upon Moscow for gas.
Since the beginning of the war in Ukraine,
Germany has already slashed
gas imports from Russia by 20%.
The announcement by Gazprom comes one day after the company said it would halt gas exports to Danish energy company Ørsted and Dutch gas trading firm GasTerra.
Weeks earlier, Russia cut off
Poland, Bulgaria and Finland.
In March, Russian President Vladimir Putin
threatened to cut off gas supplies to
countries that refused to pay in rubles.
