Russia cuts gas to Finland starting tomorrow

The Russian gas company announced it will cut gas to Finland from May 21 after the Nordic country refused to pay in rubles.

“By the end of business hours on May 20, the contracted payment date, Gazprom Export has not received any payment from Gasum for the gas delivered in April,” said Gazprom Export, the company responsible for gas exports, a subsidiary of Russia’s Gazprom group, announced today famous.

Gazprom Export said it will block gas from Russia to Finland “until payment is received according to the prescribed procedure,” citing the requirement for payment in rubles. Russia is expected to cut off gas to Finland at 7 a.m. (11 a.m. Hanoi time) on May 21.

Previously, Gasum’s board of directors announced that “our contracted natural gas supplies will be suspended”, but confirmed that “we are well prepared for this situation” and “will be able to continue supplying gas to all customers in the coming months.” , if this is the case transmission network is not disturbed.”

Gasum said it will continue to supply gas from other sources to domestic customers via the Balticconnector pipeline, which connects Finland with Estonia.

Valve system at the conveyor system in the Bovanenkovo ​​gas field, Russia in May 2019. Photo: Reuters.

Valve system on the conveyor system in the Bovanenkovo ​​gas field, Russia in May 2019. Picture: Reuters.

Most of the gas consumed in Finland is imported from Russia, but this fuel accounts for only about 5% of the Nordic country’s total annual energy consumption. Gasum warned on May 18 that Russia could shut off gas after Finland refused to pay in rubles.

Before Gasum’s announcement, Kremlin spokesman Dmitry Peskov said there were no details on Gazprom’s gas supply contracts. “However, it is clear that nothing is offered to anyone for free,” said Peskov.

The risk of losing most of the gas supply has prompted large Finnish companies to look for alternatives or plan to adjust production. A Finnish forestry consortium has announced that it has replaced gas imported from Russia with liquefied natural gas (LNG) in all its member units.

Tensions between Russia and Finland recently escalated when the Nordic country applied to join NATO. Russian President Vladimir Putin warned that Finland had made a mistake in abandoning its policy of neutrality to join NATO.

Pipelines delivering Russian gas to Europe.  Click here for details.

Pipelines delivering Russian gas to Europe. Click here for details.

Nguyen Tien (Corresponding Reuters, RIA Novosti)