Gazprom cuts or stops gas supplies to some European consumers

Alexey Gromov, Principal Director on Energy Studies at the Institute for Energy and Finance, commented to the Business FM radio station about the suspension of Russian pipeline gas supplies to a number of European buyers.

On Wednesday, August 31, it became known that Gazprom would reduce supplies to the Italian oil and gas group Eni from 27 million to 20 million cubic meters of gas per day. That is, more than a quarter, and this is not the first time. At the end of July, Gazprom reduced supplies for Eni from 34 million to 27 million. Moscow did not say what this is connected with. But there is a version. "Gazprom" in recent months has drastically reduced the pumping of gas to Europe. And, perhaps, the Italians and the French did not get what they planned, and the Russian company still requires the money in full according to the contract.

Alexey Gromov comments:

As a result of the underloading of Nord Stream 1, Gazprom has been undersupplying contracted gas to Italian and French companies in recent months. In this situation, it can be assumed that the French and Italians want to pay only for the volumes of gas that were actually supplied by Gazprom during the period of underloading Nord Stream 1. In my opinion, the contract disputes that Gazprom has with French and Italian contractors are connected with this.