Cheraw Chronicle

Complete News World

Russia will shut off the gas tap to the Netherlands from tomorrow, but there are no consequences for families

Russia will shut off the gas tap to the Netherlands from tomorrow, but there are no consequences for families

Russia’s state gas company Gazprom has stopped supplying natural gas to the Netherlands. This was reported by Dutch gas trader Gastera. The Netherlands has declared that the supply interruption will not have immediate consequences for Dutch families.

According to GasTerra, which is responsible for the supply of gas in the Netherlands, the company did not comply with the payment requirements of Gazprom, which wanted to settle only in rubles. The Russian gas company later announced that it would stop supplying gas from May 31. According to the contract, Gazprom was supposed to provide 2 billion cubic meters of gas until October 1, about 5 percent of the amount that the Netherlands needs annually.

Russia wants countries to pay for gas in rubles, because the country does not have the euro that European companies pay for gas due to economic sanctions. Moscow tried to solve this problem with a complex construction via Gazprombank in Luxembourg. Gas buyers must have an account in euros and rubles there. They pay in euros, which the bank converts into rubles in the ruble account. Gazprom is paid in those rubles.

GasTerra, where the Dutch state, Esso and Shell operate together, is the only Dutch importer of Gazprom gas. The organization says it anticipated the decision and bought the gas elsewhere. At the moment, Dutch gas storage facilities are only 37 percent full, and since Russia has stopped supplying them, it will be difficult to provide enough natural gas next winter. The Netherlands depends on Russian gas by 11 percent.

See also  Binance also supports Terra (LUNA) airdrop system » Crypto Insiders

The Netherlands is not the first country to no longer supply gas. Previously, Poland, Bulgaria and Finland were also closed for the same reason.