Article

2022-04-02 Europe

Just as Trump predicted - Russia's Gazprom Stops Deliveries of Russian Gas to Germany via Yamal-Europe Pipeline

[Express.co via Gateway] GERMANY has been left in shambles as Vladimir Putin reportedly has cut off the crucial Gazprom gas supply amid the ongoing crisis with Ukraine, a new report has claimed.

Germany depends on Russian gas for about 40 percent of its needs, but has joined Western sanctions against Moscow over Ukraine, including by halting the Nord Stream 2 Baltic gas pipeline designed to double the flow of Russian gas direct to Germany. The Russian gas supplier said it had terminated its participation in Gazprom Germania GMBH and all of its assets, including Gazprom Marketing & Trading Ltd.

However, it provided no further details or explanation.

Katja Yafimava, senior research fellow at the Oxford Institute for Energy Studies told Reuters: "I think this means Gazprom is drawing a curtain on being an active participant in the European gas market. Essentially it is going home because it no longer feels welcome.

"I think Gazprom understands it is going to face a hostile political and regulatory environment in Europe and therefore wants to consolidate and conduct all of its business in one place — St Petersburg, most likely with the political support of the Russian government."

Posted by Besoeker 2022-04-02 09:45|| || Front Page|| [11137 views ] Top

#1 Let em freeze in the dark

Posted by Bill tse Tung1190 2022-04-02 10:02|| 2022-04-02 10:02|| Front Page Top

How's that Russian pipeline arrangement working out now ?

Posted by Besoeker 2022-04-02 10:04|| 2022-04-02 10:04|| Front Page Top

#3 Biden last week: "The ruble almost is immediately reduced to rubble."
He's so full of shit. The ruble has gained about 70% since the sanctions were imposed. It's where it was before the war. The reality is the exact opposite of what this fool says.

Posted by Bugs Squank4323 2022-04-02 10:23|| 2022-04-02 10:23|| Front Page Top

#4 The ruble has ~~gained~~ rebound about 70%

Posted by Skidmark 2022-04-02 10:31|| 2022-04-02 10:31|| Front Page Top

#5 thanks for that correction skid

Posted by 746 2022-04-02 10:45|| 2022-04-02 10:45|| Front Page Top

#6 I read somewhere there would be delays of the cutoff until May. Is the gas cut off or not? I have not seen any other media report it is off. If so we should probably pay closer attention to the nuc stories.

Posted by The Walking Unvaxed 2022-04-02 11:05|| 2022-04-02 11:05|| Front Page Top

Posted by Sluse Grealet9429 2022-04-02 13:22|| 2022-04-02 13:22|| Front Page Top

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