Russia's Gazprom to halt gas flows to Finland on Saturday
The majority of gas used in Finland comes from Russia but gas only accounts for about 5% of its annual energy consumption.
By REUTERS
Published: MAY 20, 2022
Russia's Gazprom has informed Finland it will halt flows of natural gas from Saturday morning, Gasum said on Friday, after the Finnish state-owned gas wholesaler refused to pay its Russian supplier in roubles. Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow's invasion of Ukraine.
Most supply contracts are denominated in euros or dollars and Moscow has already cut off gas to Bulgaria and Poland last month after they refused to comply with the new payment terms. The majority of gas used in Finland comes from Russia but gas only accounts for about 5% of its annual energy consumption. "It is highly regrettable that natural gas supplies under our supply contract will now be halted," Gasum Chief Executive Mika Wiljanen said in a statement.
more............. https://www.jpost.com/breaking-news/article-707266
The majority of gas used in Finland comes from Russia but gas only accounts for about 5% of its annual energy consumption.
By REUTERS
Published: MAY 20, 2022
Russia's Gazprom has informed Finland it will halt flows of natural gas from Saturday morning, Gasum said on Friday, after the Finnish state-owned gas wholesaler refused to pay its Russian supplier in roubles. Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow's invasion of Ukraine.
Most supply contracts are denominated in euros or dollars and Moscow has already cut off gas to Bulgaria and Poland last month after they refused to comply with the new payment terms. The majority of gas used in Finland comes from Russia but gas only accounts for about 5% of its annual energy consumption. "It is highly regrettable that natural gas supplies under our supply contract will now be halted," Gasum Chief Executive Mika Wiljanen said in a statement.
more............. https://www.jpost.com/breaking-news/article-707266
