Gazprom Cuts Gas Deliveries to Oersted, Shell
May 31 2022 - 1:36PM
Dow Jones News
By Jaime Llinares Taboada
Gazprom PJSC said Tuesday that it will cut gas supplies to
Denmark's Oersted AS and Shell PLC after they refused to make
payments in Russian roubles.
Russia's state-owned gas giant said that deliveries will be
suspended from June 1 until payments are made in roubles.
Gazprom said that the contract with Shell was for a maximum of
1.2 billion cubic meters per year.
"Shell has not agreed to new payment terms set out by Gazprom,
including the creation of K accounts. We will work to continue
supplying our customers in Europe through our diverse portfolio of
gas supply," a spokesperson for Shell said. Shell didn't disclose
what countries ultimately receive those volumes.
Oersted said in a separate statement that it is under no
obligation to pay in roubles and that it will continue to pay in
euros.
Mads Nipper, the chief executive of the Danish company, said
that Oersted had been preparing for this scenario and expects to be
able to continue supplying gas to its customers.
On Monday, Gazprom announced that it would cut deliveries to
Dutch trader GasTerra as it also refused to make payments in
roubles.
In 2021 the EU imported 155 billion cubic meters of gas from
Russia, around 40% of its total gas consumption, according to the
International Energy Agency.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
May 31, 2022 13:21 ET (17:21 GMT)
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