Gas

Gazprom Loses Six EU Customers Over Ruble Rule

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Moscow’s imposed shift to a new two-step payment system for gas supplies has resulted in Gazprom losing six buyers, or at least 13% of its total contract portfolio in Europe. It could have been worse. The relatively limited impact reflects Europe’s continued unwillingness to face a complete cutoff of Russian pipeline gas supplies.

Topics:
Gas Supply, Security Risk
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