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posted ago by purkiss80 ago by purkiss80 +40 / -0

"Ukraine suspended the flow of Russian natural gas to Europe on Wednesday, while blaming Moscow for the disruption. Russian gas had so far been flowing uninterrupted through pipelines across Ukraine despite the military activities.

Russian energy giant Gazprom said it sees no reason for the disruption, adding that it can’t reroute supplies to another entry point, Sudzha, because the reconfiguration would be “technically impossible.”

"Gazprom’s spokesman Sergey Kupriyanov said on Wednesday that Ukraine has left only one entry point for the transit of Russian gas to Europe, which significantly reduces the reliability of supplies."

"The company pointed to a 34% decrease in Russian gas supplies to Europe due to Kiev's actions.

Shipments through Ukraine to Slovakia’s Velke Kapusany, the main transit route to Europe, are also expected to decline to the lowest level since April 30, based on grid data.

European natural gas prices jumped on the news by more than 6.4% on Wednesday, according to Refinitiv data. The prices later eased on bearish factors, including warmer weather and LNG imports."

Read the full article here @ https://www.rt.com/business/555292-ukraine-blocks-russian-gas-europe/