“90-95% of the supply.” Almost all of Gazprom’s European customers have switched to the ruble

Deputy Prime Minister Alexander Novak said that most European importers of Russian gas have already switched to payments in rubles. Russian currency accounts for 90-95% of export deliveries.

“Those who expressed desire and will have passed. Taken from the total volume, I think that’s a big part. The chairman of the Gazprom board of directors will say better, but this is about 90-95% of the delivery volume, ”said Novak in St. Petersburg International Economic Forum (quoted by Interfax).

According to the Deputy Prime Minister, Hungary could become a hub of Russian gas, but everything depends on the already signed contracts. Gazprom supplies materials for different countries. Deliveries are made in strict accordance with the contracts.”

how about the price

Novak expressed the view that the political actions of Western countries and the poor planning of the energy balance cause prices to rise worldwide. At the same time, according to the Deputy Prime Minister, Europe will pay $400 billion more for oil and gas in 2022 than in 2021.

“This year, Europe will pay about 400 billion euros more thanks to its decisions on the embargo on oil and oil products, in connection with the sounding statements of the gradual abandonment of Russian gas due to rising prices. Opinion is still not the limit, everything could be more critical,” he said. .

Speaking at SPIEF, Gazprom Chairman of the Board Alexey Miller also drew attention to price shocks in the energy market.

“We have witnessed ultra-high volatility and very high inflation in the commodity markets. But all this did not start yesterday, not today – and here we must say “many thanks” to foreign regulators, especially European regulators, ”said the head of the Russian company RIA Novosti.

Spot gas prices in Europe rose more than 10% on the eve. At the TTF headquarters in the Netherlands, by 16:30 Moscow time on June 15, the price of gas rose to $1,155 per 1,000 cubic meters, according to the ICE exchange. m. After the announcement of “Gazprom”, gas prices began to rise. Stop another Siemens gas turbine engine.

The gas company reported earlier in the week that only three of the eight gas pumping units were operating at Portovaya due to Siemens’ failure to return units under repair in a timely manner. In two days, deliveries to the European Union via the Nord Stream gas pipeline via Portovaya CS fell from 167 million cubic meters. m up to 67 million cubic meters. m in Germany accused “Gazprom” in “distant statements” and the desire to artificially increase prices.

how it all started

From April 1, in accordance with the decree of President Vladimir Putin, companies from hostile countries must pay for Russian gas in rubles. Importers deposit euros or dollars into Gazprombank accounts, which convert payments into rubles and transfer them to Gazprom.

On June 9, the Kremlin announced the cessation of gas supplies to all companies that refused to pay for it in rubles. We are talking specifically about importers from Poland, Bulgaria, Denmark, Finland, the Netherlands and Germany. Putin’s spokesman, Dmitry Peskov, said that at the moment gas is only sold for rubles.

Account opening at Gazprombank was previously announced by Italian Eni, French Engie, German Uniper and Verbundnetz Gas, and Austrian OMV, among others.

Deputy Prime Minister Alexander Novak told SPIEF that most of Gazprom’s European customers accept Moscow’s terms and pay for gas in rubles. He also expressed the view that the political actions of Western countries cause prices to rise around the world. Last week, the Kremlin announced that gas supplies were cut off to all companies that refused to pay in Russian currency. Read more in the article “socialbites.ca”.

Source: Gazeta


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