Gazprom Supplying Gas to Europe at Maximum Levels, Kremlin Says

Reuters
Wednesday, October 13, 2021

The Kremlin said on Wednesday that Russian gas giant Gazprom was supplying gas to Europe at maximum levels under existing contracts and any increase would need to be negotiated with the company.

"Nothing can be delivered beyond the contracts," Kremlin spokesperson Dmitry Peskov told reporters. "How? For free? It is a matter of negotiating with Gazprom."

Separately, deputy energy minister Pavel Sorokin said Russia had not changed its timetable for gas injection into storage facilities until Nov. 1, implying it was in no hurry to supply additional gas to Europe on the spot market.

European gas prices have hit record levels this month, but the Kremlin has repeatedly denied that Russia is deliberately withholding supplies in order to exert pressure for quick regulatory approval of its new Nord Stream 2 gas pipeline across the Baltic Sea to Germany.

President Vladimir Putin is due to address an energy conference in Moscow after 1000 GMT. 

(Reporting by Gleb Stolyarov and Olesya Astakhova, Writing by Alexander Marrow and Mark Trevelyan; Editing by Louise Heavens)


Categories: Energy Pipelines Industry News Activity Europe Production

Related Stories

Equinor Cleared for Drilling Ops at Johan Castberg Field with Transocean Enabler Rig

Second HVDC Platform Installed at World’s Largest Offshore Wind Farm

Vår Energi Strikes Oil in North Sea

Current News

Talos Energy Makes Leadership Team Changes

SOVs – Analyzing Current, Future Demand Drivers

Equinor Cleared for Drilling Ops at Johan Castberg Field with Transocean Enabler Rig

Skanska Set for South Brooklyn Marine Terminal Buildout

Subscribe for OE Digital E‑News