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Russia to Suspend Some Gas Exports to Germany

Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Russia to Suspend Some Gas Exports to Germany

Russia to Suspend Some Gas Exports to Germany

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.


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