War in Ukraine: Gazprom assumes its choice to lower its deliveries to Europe, prices of gas fly away

Russian gas exports to Europe, of which Germany, have been down constant since the start of Western sanctions against Moscow.

Le Monde with AFP

The boss of the Russian gas giant Gazprom, Alexei Miller, defended, Thursday, June 16, the choices of his group, who continues to lower his deliveries to Europe in the context of the Russian offensive in Ukraine and Western sanctions against Moscow.

“Our product, our rules. We do not play according to rules that we have not done,” said Mr. Miller during the St. Petersburg Economic Forum. “Russia is a reliable energy supplier for the friends of Russia,” he added.

Russian gas exports to Europe, including Germany, have been down constant since the start of Western sanctions against Moscow. Gazprom, which had reduced its gas deliveries to the Italian group in Eni on Wednesday by 15 %, will only deliver on Thursday 65 % of the quantities claimed, evoking technical problems, the Italian company announced. It will also provide less gas to the Austrian group OMV.

Interruption of certain deliveries

If the European Union seeks to get rid of its energy dependence on Russia, Gazprom took the lead by interrupting its gas deliveries to several European customers who refused to pay in rubles, as the request now the Kremlin.

This is added the drop this week of 60 % of the gas delivered to Europe by the North Stream gas pipeline, Gazprom ensuring that this is due to difficulties with turbines of the German group Siemens caused by Western sanctions. “Today, there is no way to resolve” this situation, said Miller, assuring that “Siemens remains silent”.

“Yes, we have a decrease in supplies to Europe,” he said, assuring that “in the very close future, the demand for liquid natural gas (LNG) on the Asia-Pacific market goes grow “. Sending a claw to Europeans, he assured that the latter “said that long -term contracts are not necessary, so they are not necessary … We have fulfilled our obligations towards you”.

Flight of gas prices

Russia’s revenues have not been affected by this drop in deliveries, due to the surge in gas prices. The Kremlin has continued to assert, therefore, that the decisions of European leaders affect their own population above all.

The gas prices continued their flight Thursday, galvanized by a sudden reduction in supply from Russia, when oil still declined, worried about a possible recession mining the request.

Around 4:20 p.m. in Paris, the Dutch TTF, the benchmark for natural gas in Europe, evolved at 134.30 euros per megawatt hour (MWh). The TTF has jumped more than 60 % since Monday, bordering on the 150 euros per MWh on Thursday. Such prices had not been recorded since March, when natural gas had been powered to its highest historic. British gas was evolving at 282 pence per thermy (a unit of quantity of heat), after a peak at 315.07 pence, taking more than 88 % since Monday.

/Media reports.