{"id":5572,"date":"2023-05-22T14:37:57","date_gmt":"2023-05-22T14:37:57","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=5572"},"modified":"2023-05-22T14:44:36","modified_gmt":"2023-05-22T14:44:36","slug":"finlands-gasum-terminates-gazprom-pipeline-gas-contract","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/5572\/","title":{"rendered":"Finland’s Gasum terminates Gazprom pipeline gas contract"},"content":{"rendered":"
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Finnish state-owned gas wholesaler Gasum said on Monday it had terminated a contract to buy natural gas from Gazprom Export via pipelines from Russia.<\/p>\n\n\n\n

Gazprom\u00a0ceased\u00a0pipeline-based natural gas deliveries to Gasum in May 2022 in a dispute over payments, and the two sides had been in talks to resolve the matter.<\/p>\n\n\n\n

Gazprom Exports confirmed it had received notice of the deal now being terminated.<\/p>\n\n\n\n

“Gazprom Export LLC confirms it had received a notification from the Finnish company Gasum about the termination of a long-term contract for the supply of pipeline gas. The company is conducting a legal analysis of further steps in this matter,” it said.<\/p>\n\n\n\n

Gazprom demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow’s invasion of Ukraine, which Finland refused to do.<\/p>\n\n\n\n

An arbitration panel last November ruled that Gasum was not obliged to pay in roubles but ordered the two sides to negotiate to resolve the situation.<\/p>\n\n\n\n

“The parties were not able to resolve the situation within the period defined by the arbitral tribunal and therefore, Gasum has terminated the long-term natural gas supply contract,” the Finnish company said in a statement.<\/p>\n\n\n\n

The termination concerns only pipeline supply, Gasum said.<\/p>\n\n\n\n

“The long-term LNG supply contract Gasum has with Gazprom Export remains in place,” the Finnish company said.<\/p>\n

Updated on