Russia stops gas flows to Finland

Gazprom had warned that flows would be halted from 0400 GMT on Saturday morning


Reuters May 22, 2022
A view shows gas wells at Bovanenkovo gas field owned by Gazprom on the Arctic Yamal peninsula, Russia May 21, 2019. PHOTO: REUTERS/FILE

print-news

OSLO:

Russia’s Gazprom on Saturday halted gas exports to neighbouring Finland, in the latest escalation of an energy payments dispute with Western nations. Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow’s invasion of Ukraine, but Finland refuses to do so. The move by Gazprom comes at the same time as Finland is applying to join the Nato military alliance, a decision spurred by Russia’s invasion of Ukraine. “Gas imports through Imatra entry point have been stopped,” Finnish gas system operator Gasgrid Finland said in a statement on Saturday. Imatra is the entry point for Russian gas into Finland. Finnish state-owned gas wholesaler Gasum on Friday said Gazprom had warned that flows would be halted from 0400 GMT on Saturday morning. Gasum and Gazprom also confirmed on Saturday the flows had stopped. “Natural gas supplies to Finland under Gasum’s supply contract have been cut off,” Gasum said in a statement.

Published in The Express Tribune, May 22nd, 2022.

Like Business on Facebookfollow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ