Infrastructure
Russian Gas Major Gazprom Cuts Supplies To Italy By 15% A Day After It Reduced Flows To Germany Via Nord Stream By 40%
- Gazprom has cut its gas supply to Italy by 15 per cent. In 2021, Italy sourced 40% of its gas imports from Russia. It is the second-largest European buyer of Russian gas after Germany.
- On Tuesday (Jun 14), Gazprom had announced a 40% reduction in natural gas deliveries to Germany via the Nord Stream pipeline,
ISWEC
Gazprom has cut its gas supply to Italy by 15 per cent, on Wednesday compared with the previous day, a spokesman for Italian energy major Eni said today (Jun 15).
On Tuesday (Jun 14), Gazprom had announced a 40% reduction in natural gas deliveries to Germany via the Nord Stream pipeline, blaming German engineering giant Siemens for failing to restore key turbines "on time".
Eni also said that Gazprom has not provided any explanation for the shortfall in the supply.
In 2021, Italy sourced 40% of its gas imports from Russia. It is the second-largest European buyer of Russian gas after Germany.
Italian Prime Minister Mario Draghi was initially opposed to paying for Russian gas in rubles, after Russian President Vladimir Putin threatened to shut off gas to shut off gas to "unfriendly" countries if they refused to pay for gas supplies. However he relented later and agreed to roubles payment mechanism.
In May, Eni announced that it will open a ruble-denominated account at Gazprombank as a precaution to ensure its next payment for Russian gas supplies.
On Tuesday (Jun 14), European natural gas prices benchmarks surged 15% over fears of imminent disruption after Russian gas behemoth Gazprom announced it would restrict gas supply through Nord Stream 1 due to technical issues related to turbines in Nord Stream curbed supply through and LNG Freeport, a major export terminal in the U.S., said that a key plant would remain shut for three months.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
