100s of titles, one news app for just $10 a month.
Dive Deeper:
EU drafts plan for buying Russian gas without breaking sanctions
The European Union is set to offer its gas importers a solution to avoid a breach of sanctions when buying…
What’s the Fallout from Ukraine’s Pipe Shutdown?
The shutdown of a gas pipeline in eastern Ukraine has sent a fresh wave of energy jitters through Europe. The…
The gas 'poker game' between Russia and Europe
Paris (AFP) - The drop in Russian gas flows to the European Union has had no major effect on supplies,…
European gas retreats with traders weighing Russia's next move
Natural gas prices in Europe declined, after a rally that was triggered by disruptions at a key transit route through…
One subscription that gives you access to news from hundreds of sites
EXPLAINER: What's the fallout from Ukraine's pipe shutdown?
The shutdown of a gas pipeline through Russian-held territory in Ukraine is sending a new wave of energy jitters through…
Russia using energy 'as weapon', says Berlin
Berlin (AFP) - German Economy Minister Robert Habeck accused Russia on Thursday of using energy as "a weapon", after Moscow…
Get all your news in one place
Latest National news:
Residents speak out against Delany's later trading plan
"It's going to be the residents who cop the flak and the pub who cops the profit."
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
ACT elective surgeries to be postponed
The ACT Government have confirmed that their system is experiencing extremely high demand, meaning some elective surgeries will be postponed.
Barnaby Joyce’s drought envoy texts not ‘documents of a minister’, prime minister’s office claims
PMO again refuses freedom of information request to release any messages Joyce says were reports on his work
Richmond Vale Rail Trail plan rolls on as second part exhibited
The proposal traverses three different local government areas, so has been split into two sections for development approval.
‘Hello it’s John Howard calling’: former PM says Liberal party asked him to ‘campaign extensively’
The current prime minister is unpopular in city marginal seats, so the Coalition is banking on robocalls and letterbox drops…
From analysis to good news, read the world’s best news in one place
'Entirely possible' same weapon stabbed two in deadly skatepark brawl
A 17-year-old boy admits stabbing one of the victims, who survived, but he denies killing the other.
Pryce would be an X-factor signing for Knights: Dom Young
Young believes Pryce could 'bring a lot' to the Knights.

Russian pipeline sanctions raise fears of gas interruption

By Via AP news wire
Copyright 2022 The Associated Press. All rights reserved

Natural gas prices rose Friday after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on European energy companies. The move doesn't immediately block large amounts of natural gas to Europe but intensifies fears that the war in Ukraine will lead to wide-ranging cutoffs.

Gazprom said Thursday that it would ban the use of the Yamal pipeline that reaches Germany through Poland. While that cuts off a supply route to Europe, the pipeline's entry point to Germany has not been used in recent months. Plus, Gazprom has already cut off gas to Poland for refusing to meet Moscow's demand to make payments in rubles.

“A ban is in place on making transactions with and payments to persons under sanctions. In particular, for Gazprom, this means a ban on the use of a gas pipeline owned by (the Polish company) EuRoPol GAZ to transport Russian gas through Poland,” Gazprom representative Sergey Kupriyanov wrote in a Telegram post.

The fear is that gas disputes and cutoffs will keep escalating amid the war in Ukraine. Last month, Gazprom said it had completely cut off natural gas supplies to Poland and Bulgaria over the rubles dispute.

On Tuesday, Ukraine's pipeline operator shut down a pipeline that carries gas from Russia to Europe, saying Russian forces were interfering with a compressor station in Russian-held territory and diverting gas. It asked Gazprom to move gas through another pipeline, which the company said it could not do. By itself, the shutdown was not expected to cut off major amounts of gas.

Energy tensions ramped up when Russia imposed sanctions Wednesday on Gazprom Germania, a subsidiary of the Russian supplier that the German government took control of in April.

German Vice Chancellor Robert Habeck said the loss of gas from the Russian moves was “manageable” at around 10 million cubic meters per day and could be made up from other sources.

The actions further roiled volatile energy markets. Natural gas traded Friday at 104 euros per megawatt hour, up from 94 euros before the announcements.

“Moscow has fired a second volley of gas disruption at Europe, causing fresh uncertainty and spiking prices,” said Kaushal Ramesh, senior analyst at Rystad Energy.

European utilities and governments have scrambled to refill underground gas storage that was depleted over the winter and have made enough progress to cover gas needs for the year without Russian supplies. But they would face difficulty in getting through the end of the upcoming winter without rationing. High natural gas prices have led to higher bills for home heating and electricity generated by the fuel.

European governments are trying to get off Russian energy and the EU's executive commission has proposed measures to reduce imports from Russia by two-thirds by year end. It remains to be seen if that can be achieved.

Before the war, Europe got 40% of its natural gas and 25% of its oil from Russia.

What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
EU drafts plan for buying Russian gas without breaking sanctions
The European Union is set to offer its gas importers a solution to avoid a breach of sanctions when buying…
What’s the Fallout from Ukraine’s Pipe Shutdown?
The shutdown of a gas pipeline in eastern Ukraine has sent a fresh wave of energy jitters through Europe. The…
The gas 'poker game' between Russia and Europe
Paris (AFP) - The drop in Russian gas flows to the European Union has had no major effect on supplies,…
European gas retreats with traders weighing Russia's next move
Natural gas prices in Europe declined, after a rally that was triggered by disruptions at a key transit route through…
One subscription that gives you access to news from hundreds of sites
EXPLAINER: What's the fallout from Ukraine's pipe shutdown?
The shutdown of a gas pipeline through Russian-held territory in Ukraine is sending a new wave of energy jitters through…
Russia using energy 'as weapon', says Berlin
Berlin (AFP) - German Economy Minister Robert Habeck accused Russia on Thursday of using energy as "a weapon", after Moscow…
Get all your news in one place