As far as the market is concerned, this appears largely to be a non-event.
by: NGW
Russia’s Gazprom cut off gas flow to Austria’s OMV on November 16 in response to the company seeking to claim damages awarded for past contract violations from its outstanding invoices for supply. This outcome, widely anticipated, draws a line under longstanding commercial relations between Gazprom and what was one of its biggest remaining customers in Europe. And it fuelled expectations of a hastened end to Russian gas in Europe.
As far as the market is concerned, though, this appears largely to be a non-event. So far, Russian gas flow through Ukraine seems unaffected. Austria, it seems, is continuing to receive around the same quantity of supply from Gazprom, which may indicate that third parties have stepped up to serve as middlemen for…
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Publish date : 2024-11-25 02:36:00
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