Russia will cut gas supplies to Belarus by 85 %

21/06/2010 10:28 Natural Gas

news

Russian gas giant Gazprom declared on June 18 that they are ready to cut the gas supplies to their Belarus partner Beltransgaz if they fail to pay off their debt by June 21st.

The news was officially released by Gazprom officials, and comes just after the warning made by the president of the Russian Federation, Dmitri Medvedev, concerning the fact that Belarusian side 5 days to eliminate their debt of 200 million dollars due to Gazprom. The Gazprom officials declared that Belarus side is neglecting its obligations, breaking the contract rules. The debt was a consequence of the fact that Belarusian side decided to pay for gas according to last year tariffs. The gas contract for Belarus does not contain any reference to the dynamics of prices on the Russian market, prices that are actually higher than prices for Belarus, according to Gazprom. The international community considers that Russia uses its energy resources as political instruments.

Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output

06/12/2019 09:46:00

Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.

<READ MORE

BP to supply Amazon with 170MW of renewable power

06/12/2019 09:40:00

Oil giant BP has signed a deal to supply Amazon Web Services (AWS) with renewable energy to power its data centres in Europe.

READ MORE

Italy's A2A to buy 1-GW solar project pipeline from Talesun

06/12/2019 09:35:00

The renewables subsidiary of Italian utility A2A SpA has struck a deal to buy a roughly 1,000-MW solar project development pipeline from the Talesun group.

READ MORE