Gazprom (ADR)

MOSCOW (Reuters) - Russian energy giant Gazprom said on Saturday it would suspend gas exports to Moldova from 0500 GMT on January 1 due to unpaid debt by Moldova. It said the company reserved the right to take any action, including terminating the supply contract with Moldova. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); The supply suspension is a precursor for a total shutdown of Russian gas exports via Ukraine and to Europe, where it flows further to Slovakia, Austria, Hungary and Italy, once the current transit deal with Ukraine expires on Dec. 31. Russia supplies Moldova with about 2 billion cubic metres of gas per year through Ukraine. This is piped to the breakaway region of Transdniestria which uses the gas to generate cheap power, which it sells on to the rest of Moldova. Moldova's population of 2.5 million has been preparing for long power cuts since Kyiv said it will not extend its transit contract with Gazprom. (Reporting by Vladimir Soldatkin; Editing by Andrew Osborn/Guy Faulconbridge)» Mehr auf marketscreener.com

(Reuters) - Ukrainian President Volodymyr Zelenskiy accused Slovakia's Prime Minister Robert Fico on Saturday of opening a "second energy front" against Ukraine on the orders of Russia, as a gas transit dispute between the countries deepened. Ukraine pumps Russian natural gas through its territory to several European countries including Slovakia, but it is expected to halt the flow when the existing transit deal - signed before Moscow's invasion of Ukraine - expires at the end of the year. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); Fico, who visited Russian President Vladimir Putin in Moscow earlier this week, said on Friday Slovakia would consider reciprocal measures against Ukraine such as halting back-up electricity supplies if Kyiv stops the gas transit from Jan. 1. "It appears that Putin gave Fico the order to open the second energy front against Ukraine at the expense of the Slovak people's interests," Zelenskiy wrote on the X social media platform. Slovakia wants to maintain Russian gas supplies via Ukraine, saying alternative routes would hike costs and hit its own transit operations, causing it to lose 500 million euros in fees. Ukraine has said it will not sign any new deal for gas transit with Moscow due to the invasion launched by Russia in February 2022. Ukraine has been forced to import electricity from several of its neighbours since Russia began targeting its power grid in late 2022, damaging or destroying much of the country's non-nuclear generation capacity. Zelenskiy said Slovakia currently accounted for 19% of Ukraine's power imports, and that Ukraine was working with its European Union neighbours to bolster the supply. "Slovakia is part of the single European energy market and Fico must respect common European rules," he wrote, adding that cutting power supplies to Ukraine would deprive Slovakia of $200 million a year. Ukraine's Foreign Ministry said in a statement that Fico was siding with Putin by making "senseless threats" to cut off Ukraine's power imports. Since taking office in 2023, Fico has been one of the EU's most outspoken opponents of military aid to Ukraine. After his talks in Moscow, Fico said Putin had confirmed Russia's willingness to continue to supply gas to Slovakia, although this was "practically impossible" once the transit deal expires. (Reporting by Max Hunder; Editing by Alison Williams and Helen Popper) By Max Hunder» Mehr auf marketscreener.com

Gazprom CEO Alexei Miller on Sunday said plans to cap the price of Russian gas exports would cause supplies to be halted, echoing a similar threat from President Vladimir Putin.» Mehr auf reuters.com