Russia cuts gas supply to Poland and Bulgaria and the price shoots up to 17%

Russia has decided to cut gas supplies to Poland from this Wednesday after the Polish refusal to make payments in rubles, as reported on Tuesday the Polish state gas company PGNiG. However, some Polish media report that that stoppage in the supply of Russian gas has already occurred.

Hours later, Russia has also notified the supply cut to Bulgaria from April 27, as confirmed by the Bulgarian Ministry of Energy to the Reuters agency.

Poland’s PGNiG, which buys gas from Russia’s Gazprom under a contract term that expires this year, he did not want to comment or confirm whether the Russian gas cut is already effective or not. What it did confirm is that in recent days there has already been a “significant reduction in the supply of gas” from Russia in Poland.

However, the Reuters agency, which collected data from the network of gas transport operators in the European Union, reported that the physical flows of gas through the Yamal-Europe gas pipeline from Belarus to Poland stood at zero kilowatt hours (kWh). ) at 3:00 p.m. this Tuesday, compared to 52,634,785 kWh/day in the early hours of the morning.

after the news, the price of gas has soared by up to 17% in the session this Tuesday in the Dutch market, which is the European benchmark. On average, prices now stand 6.6% above last Monday’s close.

“There will be gas in Polish homes”

The Polish Minister of Climate and Environment, Anna Moskwa, assured this Tuesday before the news was known that “Poland has the necessary gas reserves” to “protect the security” of the country. Moskwa underlined in a message posted on his social networks that Polish gas storage units are at 76% of its capacity and that Poland “has been (energetically) independent of Russia for years.” “There will be gas in Polish homes,” the minister concluded in her message.

Russia had already warned Europe that it risked a gas supply cut if it did not pay in rubles. In March the Russian president, Vladimir Putin, issued a decree proposing that energy buyers open accounts at Gazprombank to make payments in euros or dollars, which would then be converted into rubles. Most European Union (EU) countries, including Poland and Germany, did not accept those terms. That announcement by Putin has already triggered the price of gas. The European Commission itself, which has urged EU members to cut imports of Russian gas and oil by up to two-thirds, considered this week that payment in dollars or euros through Gazprombank is a legal way to avoid sanctions. to Russia.

PGNiG alleges that “the suspension of the gas supply is a breach of contract. Therefore, the company will take the appropriate measures to restore the delivery of natural gas under the agreed conditions and reserves the right to claim its contractual rights.”

The Polish government published on Tuesday a list with the names of 50 Russian companies and individuals with commercial interests in Poland that will be subject to sanctions. The affected companies, among which is the Polish subsidiary of Gazprom, will have their funds and economic resources frozen and their rights to shares and dividends will be cancelled.

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