{"id":224314,"date":"2022-04-27T11:29:03","date_gmt":"2022-04-27T11:29:03","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=224314"},"modified":"2022-04-27T11:29:03","modified_gmt":"2022-04-27T11:29:03","slug":"gas-supplies","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/gas-supplies\/","title":{"rendered":"Russia cuts gas supplies to Bulgaria and Poland"},"content":{"rendered":"<p style=\"text-align: justify\"><strong>Moscow, (Business News Report)|| <\/strong>Russia has cut off gas supplies to Bulgaria, starting today, Wednesday, according to a notification from Russian\u00a0energy giant\u00a0Gazprom to the Bulgarian government.<\/p>\n<p style=\"text-align: justify\">The Bulgarian Energy Ministry said, in a statement, that it had taken steps to find alternative arrangements for natural gas supplies, adding that the new payment program proposed by Gazprom constituted a breach of the existing contract.<\/p>\n<p style=\"text-align: justify\">The ministry stressed that there is no need at the present time to impose restrictions on gas consumption in the Balkan country, which meets more than 90% of its gas needs with imports from Gazprom.<\/p>\n<p style=\"text-align: justify\">This comes while two government sources told Reuters that Italy is considering a temporary nationalization of the <a href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwiQq_P_kLT3AhXDh_0HHev0DPQQFnoECAcQAQ&amp;url=https%3A%2F%2Fisab.lukoil.com%2F&amp;usg=AOvVaw22EbvXyfccahPo1yabrGxX\">ISAB\u00a0<\/a>oil refinery owned by the Russian Lukoil Company as one of its options if sanctions are imposed on Russian oil.<\/p>\n<p style=\"text-align: justify\">One of the sources said Industry Minister Giancarlo Giorgetti intends to raise the nationalization of ISAB\u00a0as an option, when Italy&#8217;s cabinet meets on Thursday.<\/p>\n<p style=\"text-align: justify\">ISAB, the largest oil refinery in Italy in terms of production capacity, buys 30-40 percent of the feedstock from Russia, and the rest comes from international markets.<\/p>\n<p style=\"text-align: justify\">Russian energy sources control the bulk of the war in Eastern Europe between Russia and Ukraine, as it represents the main source of the European continent.<\/p>\n<p style=\"text-align: justify\">Europe imports about 40% of its natural gas supplies from Russia, while about half of Russia&#8217;s crude exports of 4.7 million barrels per day go to the European Union.<\/p>\n<p style=\"text-align: justify\">In the midst of threats and warnings between Russia on the one hand and Europe on the other, sources revealed that Russia&#8217;s Rosneft is offering an auction to sell oil products to pay in advance in rubles, while Polish media announced the halting of Russian gas supplies to Poland.<\/p>\n<p style=\"text-align: justify\">The Polish Minister of Climate and Environment Anna Moskva said that Poland&#8217;s energy supply is safe, while Russia&#8217;s Gazoprim notified the Polish company (PGNIG) that it would cut off supplies through the Yamal pipeline from Wednesday morning.<\/p>\n<p style=\"text-align: justify\">The minister added that there was no need to draw from gas reserves and that supplies to Polish customers would not be interrupted.<\/p>\n<p style=\"text-align: justify\">Flows from other directions will replace Gazprom&#8217;s supplies, said Peter Naimsky, the minister in charge of energy security, adding that Yamal&#8217;s contract expires anyway in December.<\/p>\n<p style=\"text-align: justify\">Polish media also reported on Tuesday that Russian gas supplies through the Yamal-Europe pipeline to Poland had stopped.<\/p>\n<p style=\"text-align: justify\">The Polish company (PGNIG), which buys gas from Russia&#8217;s Gazprom under a long-term contract that expires this year, declined to comment.<\/p>\n<p style=\"text-align: justify\">The Yamal LNG project, located in the Arctic of Russia, was opened by President Vladimir Putin in 2017.<\/p>\n<p style=\"text-align: justify\">Meanwhile, Russia&#8217;s Gazprom said today that it has not suspended its gas supplies to Poland, adding that Warsaw must pay for gas under its new payment system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moscow, (Business News Report)|| Russia has cut off gas supplies to Bulgaria, starting today, Wednesday, according to a notification from Russian\u00a0energy giant\u00a0Gazprom to the Bulgarian government. The Bulgarian Energy Ministry said, in a statement, that it had taken steps to find alternative arrangements for natural gas supplies, adding that the new payment program proposed by [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":224315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[8257,278,8256,8258,974],"class_list":["post-224314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bulgaria","tag-featured","tag-gas-supplies","tag-poland","tag-russia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Russia cuts gas supplies to Bulgaria and Poland | BNReport<\/title>\n<meta name=\"description\" content=\"BNReport| Russia has cut off gas supplies to Bulgaria, starting today, Wednesday, according to a notification 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