Dutch gas trader GasTerra: Deliveries from Gazprom to end May 31

GasTerra has refused to comply with Moscow’s calls for for cost in roubles, the Dutch firm mentioned on Monday.

GasTerra, which buys and trades fuel on behalf of the Dutch authorities, mentioned it had contracted elsewhere for the two billion cubic meters (bcm) of fuel it had anticipated to obtain from Gazprom by way of October [File: Dado Ruvic/Reuters]

GasTerra will now not obtain fuel from Russia’s Gazprom from Might 31 after refusing to comply with Moscow’s calls for for cost in roubles, the Dutch firm mentioned on Monday.

GasTerra, which buys and trades fuel on behalf of the Dutch authorities, mentioned it had contracted elsewhere for the two billion cubic meters (bcm) of fuel it had anticipated to obtain from Gazprom by way of October.

The corporate is 50 % owned by Dutch authorities entities and 25 % every by Shell and Exxon.

“We perceive GasTerra’s determination to not comply with Gazprom’s unilaterally imposed cost circumstances,” Dutch vitality minister Rob Jetten wrote on Twitter. “This determination can have no penalties for the bodily supply of fuel to Dutch households.”

A GasTerra assertion mentioned the corporate had determined to not undertake the system that Russia had demanded, which concerned the organising of accounts that might be paid in euros after which swapped for roubles.

The corporate mentioned such measures may violate European Union sanctions and likewise mentioned the cost route introduced too many monetary and operational dangers.

It had repeatedly requested Gazprom to stick to its contractual cost strategies and supply obligations, GasTerra added.