Gazprom’s Planned Gas Supplies to Europe via Ukraine at Same Level

SEATTLE (Oil Monster):  Russia’s Gazprom said it will ship 42.4 million cubic meters (mcm) of natural gas to Europe via Ukraine on Sunday, the same volume as on Saturday, Reuters reported on Sunday.

Earlier this month, Gazprom announced it had detected an oil leakage on equipment during Nord Stream 1 maintenance work and would not be able to resume flows. It set no timeframe for fixing the problem.

Last week, Gazprom said it had signed an agreement to start switching payments for gas supplies to China to yuan and rubles instead of dollars.

The shift is part of a push by Russia to reduce its reliance on the US dollar, euro and other hard currencies in its banking system and for trade - a drive that Moscow has accelerated since it was hit with Western sanctions in response to its invasion of Ukraine.

Courtesy: www.alarabiya.net