Russia has cut off gas supplies to Finland over payments

Article content

OSLO – Russia’s Gazprom on Saturday cut off gas exports to neighboring Finland, the Finnish gas system operator said, the latest escalation in a power-sharing dispute with the West.

Gazprom Exports has claimed that European countries will pay for the supply of Russian gas in rubles due to sanctions imposed on Moscow’s invasion of Ukraine, but Finland has refused to do so.

“Gas imports through the Ematra entry point have been stopped,” Gasgrid Finland said in a statement.

Ad 2

Article content

Imatra is the gateway to Russian gas in Finland.

Gasum, a Finnish state-owned gas wholesaler, said on Friday that Gazprom had warned that the flow would be cut off from 0400 GMT on Saturday morning.

Gasum confirmed on Saturday that the flow had stopped.

“Natural gas supplies to Finland have been cut off under the Gasum supply agreement,” it said in a statement.

“Starting today, in the coming summer season, Gasum will supply its customers with natural gas from other sources through the Baltic connecting pipeline.”

The Balticconnector connects Finland to the gas grid of neighboring Estonia.

On Friday, Gazprom Exports said that the flow would be reduced because Gasum did not comply with the new Russian rules, requiring a settlement in rubles.

Ad 3

Article content

Most of the gas used in Finland comes from Russia, but gas accounts for about 5% of its annual energy consumption.

Most European supply agreements are marked in euros or dollars, and Moscow has already cut off gas supplies to Bulgaria and Poland because they have refused to comply with the new payment terms.

Gasum, the Finnish government and Finland’s independent gas consumer companies have said they were ready to cut off Russian flows and operate without the country.

Finland said on Friday it had agreed to charter a storage and regasification ship from US-based Accelerate Energy to help replace Russian supplies starting in the fourth quarter of this year.

The ship is super-cooled, liquefied natural gas (LNG), which enters the ship, is converted back to regular gas. (Reporting by Terje Soulsvik in Oslo, edited by Gladys Fouche)



Postmedia is committed to maintaining a lively but civic forum for discussion and encourages all readers to share their views on our article. It may take up to an hour for the comment to be moderated before it appears on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications. You will now receive an email if you receive a reply to your comment, an update to a comment thread you follow, or if you follow a user’s comment. See our Community Guide for more information and details on how to adjust your email settings.

Leave a Reply

Your email address will not be published.