Russian gas producer Gazprom has cut off gas supplies to Denmark’s Ørsted and to Shell Energy for its contract to supply gas to Germany, it said on June 1, citing the companies’ failure to make payments in rubles.
Gazprom has already halted supplies to Dutch gas trader GasTerra, as well as to Bulgaria, Poland and Finland after their refusal to pay for gas in Russian rubles, as demanded by Moscow in response to Western sanctions over the Russia-Ukraine conflict.
German, Italian and French companies, however, have said they would engage with Moscow’s payment scheme to ensure they can maintain supplies.
Bundesnetzagentur, Germany’s network regulator, on June 1 said that Shell Europe accounted for only small gas supply volumes that could be sourced from other parties.
The flow of natural gas to Denmark via Germany remained steady on June 1, data from Danish system operator Energinet showed.
There is no gas pipeline directly from Russia to Denmark, and Danish buyers have the option of buying from sources other than Gazprom, the Danish Energy Agency has said.
Gas supply via Ukraine, a key Gazprom export route to Europe, continued at 41.2 million cubic meters on June 1, down slightly down from volumes on May 31.
2022-05-24 - In an industry of cycles, here’s why the current oil and gas boom is unique and what experts at a recent industry event in Houston say operators need to figure out before the next bust.
2022-06-20 - On behalf of its partners, Italian oil and gas company Eni revealed that the Coral South Project had safely achieved the introduction of hydrocarbons to the Coral Sul FLNG offshore Mozambique.
2022-06-20 - Qatar is partnering with international companies in the first and largest phase of the nearly $30 billion expansion that will boost Qatar’s position as the world's top LNG exporter.
2022-06-21 - “There’s lots of running room” in the Marcellus Shale for operators developing from an ESG perspective, Randall Wright, president of Wright & Co Inc., told DUG East attendees.
2022-06-21 - Chevron signed an agreement with Egyptian Natural Gas Holding Co. to consider transport, import, liquefication and export of natural gas from offshore Mediterranean fields to Egypt.