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Gas

Russia does not expect to cut gas to more European customers

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Russia said on Thursday it did not expect Gazprom to cut gas supplies to more European customers and said its scheme to make buyers pay for gas in rubles was working as planned.

Gazprom has cut supplies to Denmark’s Orsted and to Shell Energy for its contract to supply gas to Germany, as well as to Dutch gas trader GasTerra along with Bulgaria, Poland and Finland for refusing to make payments for Russian gas in rubles under the new ruble scheme.

Gas payments under the new scheme, set up in response to Western sanctions, were due in April and May.

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Kremlin spokesman Dmitry Peskov said everyone who was to be cut off from supplies was now not receiving Russian gas.

“The system is functioning... and whose who receive the gas are working under the new system,” Peskov told his daily conference call with reporters.

Asked whether new gas cuts should be expected, he said: “No.”

Companies from Germany, Italy and France have said they would engage with Moscow’s payment scheme to ensure they can maintain supplies, as Europe plans to gradually cut its dependence from Russia in the next couple of years.

Read more:

Germany faces $5.4 bln a year hit from Russian gas sanctions: Welt am Sonntag weekly

Explainer: How the world is paying for Putin’s war in Ukraine

EU leaders agree on partial embargo on Russian oil

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