For failure to pay in rubles .. Russian "Gazprom" stops gas deliveries to two European companies

Today, the Russian company "Gazprom" confirmed a complete cessation of gas supplies to the Danish companies Orsted and Shell Energy Europe (a subsidiary of the European Shell company) due to non-payment in rubles.

Gazprom's statement read: "Gazprom has completely stopped gas supplies to Orsted Salg & Service A / S (Denmark) due to non-payment in rubles. "Gazprom Export" did not receive payments for gas supplies in April from Orsted Salg & Service in accordance with Russian Presidential Decree No. 172 dated March 31, 2022. It also did not receive payments from Energy Europe for gas supplies in April.”

In 2021, Gazprom Export supplied Orsted Salg & Service with 1.97 billion cubic meters of gas, which amounted to about 2/3 of Denmark's total gas consumption.

The contract between Gazprom Export and Shell Energy Europe for the supply of gas to Germany provides for a volume of 1.2 billion cubic meters of gas per year.

Russian President Vladimir Putin announced during a government meeting on March 31 that the new rules for the sale of Russian gas to "unfriendly countries" require payment for gas in Russian rubles;

Customers in these countries are required to open accounts in Russian currency in Russian banks, in response to Western sanctions against Russia over its ongoing military operation in Ukraine.

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