Euro Daily News - Your Everyday Newspaper
  • Home
  • Business
  • Technology
  • Scandals
  • Politics
  • Home
  • Business
  • Technology
  • Scandals
  • Politics
No Result
View All Result
Euro Daily News - Your Everyday Newspaper
Home Business

Russia widens Europe gas cuts and halts Dutch, Danish and German contracts

admin by admin
May 31, 2022
in Business
0
Russia widens Europe gas cuts and halts Dutch, Danish and German contracts
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter


A 3D-printed pure gas pipeline is positioned in entrance of the displayed Gazprom brand on this determine, taken on February 8, 2022. REUTERS / DadoRuvic / Illustration / File Photo

Sign up now for limitless free entry to Reuters.com

  • Gazprom says it’ll reduce off provides to GasTerra, Orsted and Shell.
  • Russians quote refusal to pay in rubles
  • Move the day after the EU agrees to chop Russia’s oil imports
  • European gas costs rise 5%

May 31 (Reuters)-Russia expands gas cuts to Europe with Gazprom on Tuesday (GAZP.MM) He stated he would cease supplying to some “unfriendly” nations that refused to simply accept Moscow’s gas ruble fee scheme.

The Russian gas large’s transfer was the newest retaliation for Western sanctions imposed on Moscow following the February 24 invasion of Ukraine, intensifying the financial battle with Brussels and pushing up European gas costs. .. read more

Gazprom stated Tuesday that it had fully reduce off gas provides to Dutch gas dealer GasTerra. read more

Sign up now for limitless free entry to Reuters.com

Later, it introduced that it will cease the move of gas to Ørsted, Denmark from June 1st. (ORSTED.CO) To shell vitality (shell) Due to its contract on gas provide to Germany, after each didn’t pay within the ruble. read more

The announcement follows Monday’s settlement by European Union leaders to cut back Russia’s oil imports by the European Union by 90% by the top of the 12 months. This is Block’s hardest response to this aggression. read more

No risk to produce

GasTerra, which buys and sells gas on behalf of the Dutch authorities, stated it had signed a contract elsewhere for two billion cubic meters (bcm) of gas that it was anticipated to obtain from Gazprom by October.

“This has not but been seen as a risk to provides,” stated Githabul Ministry spokesman Pieterten Bruggencate.

Orsted, who additionally stated there was no speedy threat to Denmark’s gas provide, stated Tuesday that it will look to the European gas market to shut the hole. read more

Ørsted CEO Mads Nipper stated in an announcement shortly after the announcement of Gazprom, “Most of the gas for Denmark have to be bought within the European gas market. We hope this will likely be attainable. I’ve. “

Gas contracts within the earlier month of the benchmark rose about 5% on Tuesday afternoon to round € 91.05 / MWh, nicely under the highs of € 300 / MWh hit in early March.

“The market was very a lot in search of a break between the 2 corporations, however this improvement will additional tighten the supply-demand stability,” ICIS analyst Tom Marzek Manser stated on Twitter.

According to analysts, the move of gas to Germany through Russia’s Nord Stream pipeline is probably going because of the interruption of the Netherlands. read more

Moscow had already stopped supplying pure gas to Bulgaria, Poland and Finland as a result of it refused to pay within the Russian ruble, which was requested in response to Western sanctions that remoted Russia. read more

However, German, Italian and French corporations have said that they are going to be concerned in plans to keep up provide. read more

Supply cuts are already pushing up excessive gas costs, supercharging inflation, and for European governments and companies to trace different sources, together with floating storage and regasification models (FSRUs), and the infrastructure to deal with them. I urged you.

Storage

Europe is in a rush to fill gas storage areas earlier than winter and is cautious of Russia’s provide cuts, which normally provide about 40% of Europe’s gas. read more

Gas storage within the Netherlands is at present about 37% full, as proven by Gas Infrastructure Europe knowledge.

The Dutch authorities introduced final week that it will improve its subsidies to € 406 million to encourage companies to fill the Bergermeer facility, one in every of Europe’s largest open entry gas storage amenities.

Denmark’s gas depot is at present 55% full and can provide all gas clients in Denmark and Sweden for 5 months if provide from Germany is reduce off, Dan Jørgensen, the Danish Minister of Energy, parliament. The letter to.

Sign up now for limitless free entry to Reuters.com

Report by Toby Sterling and Anthony Deutsch in Amsterdam. Jan Strupczewski and Philip Blenkinsop in Brussels; Stine Jacobsen in Copenhagen; Susanna Twidale and Marwa Rasad in London. Written by Jason Neely, edited by Carmel Crimmins and Tomasz Janowski

Our standards: Thomson Reuters trusts the principles.



Source link

Related

Tags: AsiaASXPACBLUXCDTYCEEUCISCCMPNYCOMcontractsCutsCWPDanishDKDutchEEUELEUELUTELUT1EMRGENERENFFENGENREuropeEZCfinGasGASUGASU1GENGermanhaltsImmersionNASIANEWS1NGSNLNORDNRGOilOILIOILI08POLPUBLRURussiaSCANDVTOPCMBTOPNWSTRDUAUTILwarWEUwidens
admin

admin

Related Posts

CBS, Fox contracts with NFL will prevent “significant reduction” in price of Sunday Ticket
Business

CBS, Fox contracts with NFL will prevent “significant reduction” in price of Sunday Ticket

June 25, 2022
“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere
Business

“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere

June 25, 2022
Disney, other U.S. companies offer abortion travel benefit after Roe decision
Business

Disney, other U.S. companies offer abortion travel benefit after Roe decision

June 25, 2022
Next Post
Xbox Game Pass in June 2022: Assassin’s Creed Origins, For Honor Marching Fire Edition, and More

Xbox Game Pass in June 2022: Assassin's Creed Origins, For Honor Marching Fire Edition, and More

New Provincial Cabinet sworn in

New Provincial Cabinet sworn in

Another scandal for Quebec anti-corruption unit after ex-boss accused of media leaks

Another scandal for Quebec anti-corruption unit after ex-boss accused of media leaks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

mining $110,000 in bitcoin a month

mining $110,000 in bitcoin a month

2 months ago
You Can Finally Listen to YouTube Music on Wear OS

You Can Finally Listen to YouTube Music on Wear OS

1 month ago
covid-19

European Markets Set to Soar at the Open Despite Global Concern Over Omicron Variant

7 months ago
invasion

Ukraine invasion improves calls for UK politics 

3 months ago

Instagram

Categories

  • Business
  • Politics
  • Scandal
  • Scandals
  • Technology
  • Uncategorized

Topics

AMERS Apple Asia ASXPAC business Business news Cabinet CMPNY Covid Dow Elon EMRG Europe european fin Futures GEN Global inflation Jones Kotaku market MTPIX Musk NAMER news NEWS1 POL Politics PUBL scandal Scandals Stock tech Technology Tesla TOPCMB TOPNWS Trump Twitter uk video game We WEU work
No Result
View All Result

Highlights

Liz Truss insists cabinet backs Boris Johnson and says he has her ‘100% support’

“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere

PS5 Restock Discovery Reveals Secret Way to Buy the PlayStation Console

Ministerial ratings: Two years after Cabinet was formed, who has outstayed their welcome and who deserves to be asked back?

Disney, other U.S. companies offer abortion travel benefit after Roe decision

iOS 16-inspired Android lockscreen on Google Pixel [Gallery]

Trending

CBS, Fox contracts with NFL will prevent “significant reduction” in price of Sunday Ticket
Business

CBS, Fox contracts with NFL will prevent “significant reduction” in price of Sunday Ticket

by admin
June 25, 2022
0

Getty Images Many are excited in regards to the inevitability of NFL Sunday tickets Landing with...

Bungie reiterates support for reproductive rights as US Supreme Court overturns Roe v Wade

Bungie reiterates support for reproductive rights as US Supreme Court overturns Roe v Wade

June 25, 2022
Chris Selley: Scandals within scandals at Nova Scotia’s Mass Casualty Commission

Chris Selley: Scandals within scandals at Nova Scotia’s Mass Casualty Commission

June 25, 2022
Liz Truss insists cabinet backs Boris Johnson and says he has her ‘100% support’

Liz Truss insists cabinet backs Boris Johnson and says he has her ‘100% support’

June 25, 2022
“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere

“Inflation Forecasts Aren’t Worth the Paper They’re Written on”: This Is about the Bank of Canada’s Reaction to Inflation, But it’s the Same in the US and Everywhere

June 25, 2022

Follow on

Euro Daily News – Your Everyday Newspaper

Euro Daily News

Euro Daily News arose from a desire to establish a powerful independent news station in the Europe.

Quick Links

  • About Euro Daily News
  • Contact us
  • Why to trust us
  • Editorial Principles
  • Privacy Policy

Categories

  • Business
  • Politics
  • Technology
  • Scandals
  • sitemap

Follow Us

Facebook Twitter Instagram Linkedin Quora
Euro Daily News – Your Everyday Newspaper

Euro Daily News

Euro Daily News arose from a desire to establish a powerful independent news station in the Europe.

Quick Links

  • About Euro Daily News
  • Contact us
  • Why to trust us
  • Editorial Principles
  • Privacy Policy

Categories

  • Business
  • Politics
  • Technology
  • Scandals

Follow Us

Facebook Twitter Instagram Linkedin Quora

Related

  • Home
  • Politics
  • Business
  • Scandals