OilPrice.com The threat of cutting off gas supplies, if not being paid in Rubles, is taking another casualty. Russian gas giant Gazprom has announced that it will stop gas supplies to the Netherlands by Wednesday, in a reaction to the refusal by Dutch energy trader GasTerra to pay in rubles.
Gazpromâs move was widely expected following Russian President Vladimir Putin’s announcement that all European gas deliveries should be paid in rubles. In a reaction, Dutch GasTerra stated that it already secured supply from elsewhere. The cancellation of the current contract is slated to be for the period May 31 â October 1 2022, entailing around 2 billion cubic meters of natural gas, or around 5% of Dutch yearly consumption. No specifics have been given by GasTerra where it has bought other volumes, but it seems to be either gas from Norway or LNG…
