MNI BRIEF: NY Fed Survey - Consumers Expect Lower Inflation

MNI BRIEF: China Must Unblock Domestic Circulation - Wang

MNI China Daily Summary: Monday, July 8

MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

EZ/UK Bond Supply Calendar: EU/UK Syndications; NE, AS Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

Broad-Based Trade Activity Declines Notwithstanding Higher Surplus

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Denmark's Orsted Faces Gas Payment Deadline with Russia

ENERGY

Denmark’s largest energy compnay Orsted is at risk of having its gas supplies cut off by Russia as they continue to refuse payments in roubles according to a company statement out today.

  • Gazprom Export is still demanding that the gas supplies are paid for in roubles but Orsted said they have no legal obligation under the terms of the contract to do so. The payment deadline is 31 May and Orsted will only pay in Euro’s.
  • Russian gas comes to Denmark via pipelines through other countries making Russia unable to directly cut off flows but may cause a rise in shortfalls towards Europe.
  • Orsted has been filling up storage in Germany and Denmark to try and alleviate any short-term issues related to gas shortages. The company supports Denmark’s and the EU’s ambition to fully cut ties with Russian gas in the future.
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.