Russian President Vladimir Putin. Picture: THIBAULT CAMUS/REUTERS
“Russia will continue, of course, to supply natural gas in accordance with volumes and prices ... fixed in previously concluded contracts,” Putin said at a televised meeting with top government ministers. “At face value this appears to be an attempt to prop up the rouble by compelling gas buyers to buy the previously free-falling currency to pay,” said Vinicius Romano, senior analyst at consultancy Rystad Energy.
In gas markets on Wednesday, eastbound gas flows via the Yamal-Europe pipeline from Germany to Poland declined sharply, data from the Gascade pipeline operator showed. But unlike the US and Britain, EU states have not agreed to sanction Russia’s energy sector, given their dependency.German economy minister Robert Habeck said on Wednesday that he would discuss with European partners a possible answer to Moscow’s announcement about the gas payments.
Source: Energy Industry News (energyindustrynews.net)
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