London, Europe Brief News – Europe faces a new gas supply disruption after Russia shuttered a major gas transit route.
Dutch gas prices at the TTF hub, the European benchmark, rose by about 20 percent on Thursday morning.
This came only a day after Moscow imposed new sanctions on European subsidiaries of Russia’s state-owned Gazprom energy giant and Ukraine, pushing prices higher.
Moscow also targeted the owner of the Polish part of the Yamal-Europe pipeline that carries Russian gas to Europe, EuRoPol Gaz. The pipeline is jointly owned by Gazprom.
“A ban on transactions and payments to entities under sanctions has been implemented,” Gazprom said in a statement. “For Gazprom, this means a ban on the use of a gas pipeline owned by EuRoPol GAZ to transport Russian gas through Poland.”
Kremlin spokesperson Dmitry Peskov said there can be no relations with the companies affected nor can they take part in supplying Russian gas.
Moscow also targeted the owner of the Polish part of the Yamal-Europe pipeline that carries Russian gas to Europe, EuRoPol Gaz. The pipeline is jointly owned by Gazprom.
“A ban on transactions and payments to entities under sanctions has been implemented,” Gazprom said in a statement. “For Gazprom, this means a ban on the use of a gas pipeline owned by EuRoPol GAZ to transport Russian gas through Poland.”
Kremlin spokesperson Dmitry Peskov said there can be no relations with the companies affected nor can they take part in supplying Russian gas.
