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Business

Gazprom warns with gas cuts countries that help Ukraine
June 30, 2024 07:10 GMT

Gazprom warns with gas cuts countries that help Ukraine

Russia’s state-owned gas company, Gazprom, is keeping a very vigilant eye over Ukraine and other countries’ gas supply delivery.

 

Alexey Miller, the company’s CEO, has warned that any country that tries to sell back gas to Ukraine will have their own natural gas supplies delivery limited.

 

After Gazprom had cut gas delivery to Ukraine due to unpaid debts, Kiev is now searching for alternative methods to supply itself with the resource. The government attempts to buy back gas supply in what is known as a reverse flow of gas.

 

Kiev can use old pipelines in Slovakia or Poland, which are currently not in use, to buy back gas that had already passed through the main Gazprom pipeline in Ukraine but which the country cannot access.

 

Miller said that the reverse flow of gas scheme is ‘half-fraudulent’ and that it might bring sanctions to European countries that aid Kiev with Russian gas.

 

About a third of Europe’s gas necessary is delivered by Gazprom, half of it via Ukraine.

 

Gas delivery to Ukraine has been cut off on June 16 after Kiev did not meet a deadline to pay its debts to Gazprom worth several billion euros.