Russia to Suspend Some Gas Exports to Germany

Russia to Suspend Some Gas Exports to Germany

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


User: Wibbitz Top Stories

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Uploaded: 2022-05-31

Duration: 01:30

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