The gas price in Europe exceeded $1,350 per 1,000 cubic meters after the Russian president ordered to supply gas to "unfriendly countries" only for rubles, according to the London ICE exchange.
Since the beginning of trading, the price of gas has increased by almost 20.3%, Tass reported.
Earlier on Wednesday, Russian President Vladimir Putin said Russia would refuse to accept payment for natural gas supplies in "compromised" currencies, including dollars and euros, and would move to payments in rubles. The head of state stressed that future changes in gas contracts with unfriendly countries will only affect the currency of payment - it will be changed to the Russian ruble.
Putin instructed the government to issue a corresponding directive to Gazprom to amend existing contracts. The Finance Ministry and the Central Bank within a week should determine the procedure for the purchase of rubles on the domestic market by importers of Russian gas.
Russia's move came after French oil and gas company TotalEnergies said on Tuesday it will stop buying oil from Russia by the end of the year and halt further investment in projects in the country.
Germany halted the Nord Stream 2 gas pipeline project, which was designed to double the flow of Russian gas heading directly to Germany, in response to Russia's military campaign in Ukraine.
Meanwhile, Europe's diesel inventories are now at the lowest since 2008.
No comments:
Post a Comment