Russia’s Gas Deliveries to Europe Plunge Further

Date: 18 June 2022 - 21:31

News ID: ۱۰۳۸۱۵

NEW YORK (Oil Price) - Natural gas flows from Russia to Europe continued to dive, with buyers in Italy, Germany, Austria, and Slovakia receiving much lower volumes than usual.
Gas flows to France from Germany have ceased completely.
The cut in Russian gas deliveries to European customers, which have agreed to the ruble-to-gas scheme Putin has demanded, is explained by Moscow with Siemens Energy delaying the return of a repaired gas turbine from Canada because of the sanctions on Russia. European leaders, however, say that Russia’s official explanation is a lie and the lower deliveries were a political move from the Kremlin.
This week, Russia reduced supply to its biggest customers in Europe, Germany and Italy, each of which were sourcing around 40 percent of their gas from Russia before the war in Ukraine.
On Tuesday, Russia’s Gazprom said it would limit gas supply via the Nord Stream pipeline to Germany by 40 percent compared to planned flows because of a delay in equipment repairs. On Wednesday, Gazprom said the cuts would deepen to 60% of the daily throughput.