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Europe is set to receive Russian Gas for Time Being: Bloomberg

NATGAS

Europe is set to receive its usual Russian gas supplies June 21, despite fears among market participants that they would be halted if payments to Gazprom were blocked, Bloomberg said.

  • Around 40 mcm of Russian gas is booked for transit through Ukraine on Friday via the Sudzha entry point, according to local grid data, in line with usual levels.
  • This indicates that Gazprom received money for supplies by the 20th day of the month.
  • The issue with supply comes in relation to a ruling in a Swedish court which awarded Uniper around EUR13 billion in damages from Gazprom due to undelivered gas during the 2022 energy crisis.
  • Austria’s OMV is currently unaware of any irregularities in Gazprom’s gas supplies to Austria, the company said, cited by Bloomberg.
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