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The Russian company Gazprom significantly reduces gas supplies in Europe

2022-07-18 15:28:00, Kosova & Bota CNA
The Russian company Gazprom significantly reduces gas supplies in Europe
Gazprom

Russian company Gazprom has used the "force majeure" clause as a reason to cut gas supplies to Europe for at least one major customer, according to the letter dated July 14 and published by Reuters on Monday.

The letter said Gazprom, which has a monopoly on Russian gas exports, cannot meet its supply obligations due to "extraordinary" circumstances beyond the company's control.

According to sources, the letter refers to supplies via the Nord Stream 1 gas pipeline, the main supplier to Germany and part of Europe.

Gazprom did not immediately comment on the matter.

The use of the "force majeure" clause, which comes into effect when a business is hit by factors beyond its control, is likely to escalate tensions between Russia and the West over Russia's invasion of Ukraine, which Moscow calls a "special military operation ".

The European Union, which has imposed sanctions on Moscow, aims to end its use of Russian fossil fuels by 2027, but wants supplies to continue for now until it can wean itself off dependence on Russian fuels.

Russian gas supplies have been significantly reduced through key routes including Ukraine and Belarus and through Nord Stream 1 in the Baltic Sea.

The North Stream 1 gas pipeline is currently undergoing maintenance./rel





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