Gas price in Europe soared in a few minutes of bidding due to Gazprom news

The market reacted to the cessation of gas supplies to Bulgaria and Poland.

The cost of gas at auction in Europe today, 27 April, in a few minutes jumped by 16% – above $ 1300/thousand. cube. This is evidenced by the quotations of the auction.

Thus, the market reacted to the news that Gazprom has completely suspended gas supplies to Bulgargaz (Bulgaria) and PGNiG (Poland) in the so-called Due to non-payment in rubles.

According to Russian media, Gazprom has warned that in the event of unauthorized withdrawal of gas from transit volumes through Bulgaria or Poland, transit supplies will be reduced by this amount./p>

Read also: Reuters: Gazprom may lose a third of gas exports to Europe in 2022

Earlier it was reported that Russia will stop exporting gas to Poland and Bulgaria by the end of this Despite the current agreements, Russian suppliers have announced that they will suspend cooperation with buyer countries on April 27.

Recall that in late March, Russian President Vladimir Putin signed a decree on the transfer of payment for gas exports in rubles, despite existing contracts for the euro and the dollar

The issue of restricting energy exports from the Russian Federation is being actively discussed in the EU and there is no consensus on what decision to make yet. Will a clause on a full embargo on Russian gas be approved in the next Western sanctions package? Why has Europe become dependent on Russia? About this and other things in Mikhail Honchar's article “Europe in Russia's energy trap: how to overcome dependence?”

Based on materials: ZN.ua

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