Gazprom Halts Gas Shipments To Europe Via Critical Pipeline

by | Apr 3, 2022 | Headline News | 9 comments

This article was originally published by Tyler Durden at ZeroHedge. 

After European nations imported the most gas from Russian sources yesterday in months, scrambling to stock up on supplies as Russian President Vladimir Putin’s deadline to either pay for gas in rubles (or be cut off) came and wentRussian gas giant Gazprom has officially halted all deliveries to Europe via the Yamal-Europe pipeline, a critical artery for European energy supplies.

Instead of flowing toward Germany and the EU, gas supplies on Friday and Saturday started flowing in the opposite direction, according to Gascade, the network operator.

In recent months, the EU has already boosted imports of LNG from the US…

…and despite President Biden’s promise to bolster to exports to the EU (although he stipulated that not all of this additional capacity would come from the US), researchers at Goldman Sachs have already shown that US exports of LNG are already at capacity.

Another problem for pipeline-dependent Europe: the continent presently doesn’t have the infrastructure to allow it to rapidly ramp up imports of LNG, which must be carefully processed and “regasified” before it can be distributed to utilities and other distributors of energy.

A map below illustrates the level of dependence that various European economies have on Russia.

But it’s not just the Germans who must now make due without Russian gas supplies. British energy major Shell is being cut off from Russian supplies in response to the UK’s economic sanctions on Russia, said Dmitry Peskov, the press secretary of Russian President Vladimir Putin.

“London wants to be the leader of everything anti-Russian. It even wants to be ahead of Washington! That’s the cost!” Peskov outlined.

So far, the UK is the only country to have imposed sanctions on Russia’s Gazprombank, through which payments for Russian natural gas are made. The measure effectively denies Britain the ability to pay for the commodity and has forced Gazprom to walk away from the sales and trading arm. In accordance with Putin’s decree that Russian gas be paid for in rubles, Gazprom has set up foreign-currency accounts for customers where their currencies can be converted into rubles on the Moscow exchange.

Now that Putin is turning up the pressure, the European nations have a difficult choice ahead: either they can play ball and demonstrate to the world that their efforts to wean themselves off of their dependence on Russian energy have been mostly in vain. Or they can face a “catastrophic” economic crisis as energy prices soar, leading to rationing, blackouts, and other measures that will make the 1970s oil crisis in the US look like child’s play.

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    9 Comments

    1. Bill

      We are paying to maintain a charade that prezJB & company is on top of everything and looking out for our best interests. Not only are domestic policies out of touch with Realville, but actually damaging our standard of living/quality of life, damaging the nation’s security, damaging our culture, etc.
      As for Ukraine, it appears prezJB has unfortunately been completely out-classed, out-smarted, out-maneuvered, out everything by Putin at this point. There’s likely nothing left prezJB can pull out of his hat to make any difference at all now without making matters worse. Yea, they handled that really well, just like the Afghanistan fiasco. I’m just Joe Regular but even I can see the breathtaking incompetence, it’s almost comedic. Or else they are so ideologically leftist they are trying to drive this country into the ground. Regardless, the effect is the same.
      Soon, the Europeans will be telling us thanks a hell of a lot for making them join us in this fiasco.

    2. Anonymous

      Watching how EU leaders, as well as NATO, directed by Biden, explain all of this to their people and what their people decide to do about it will be interesting.

      If Biden does actually significantly increase how much we send to Europe we’re going to have to deal with the shortages it creates here somehow, higher prices for sure and maybe rationing of some sort like we did during WWII.

      All is going as it has been planned by the master chess player, whoever that may turn out to be. Eventually the hidden and secret will be out in the open and revealed, but what will we do about it then?

    3. Shannon

      EVERYTHING in the world today that is happening seriously begs the question: If you were to die tonight, where would you go?

      Without the saving blood of Jesus Christ, Heaven will not be where you spend eternity. The only other option is hell. I do not want you to go there. The only one who does is the devil.

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      John 3:16 says “For God so loved the world (You who is reading this), that He gave His ONLY Begotten Son (Jesus), that Whosoever Believes on Him, will not Perish, but will have everlasting life.”

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      Welcome to the wildest, craziest, scariest time on earth. I am praying for all of whom this message of Life and Love reaches. I urge you to please go the above site, and after you are finished with the article, please explore the rest of the site. I have to say that I was led to it, because I was. Many, if not all, of your questions about what ‘all of what is happening lately means?’ will be answered.

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    4. Between Three Centuries

      I guess Germans will be running their cars on coal gasification units like the Imbert welded to the back of their cars like they did after WWII.

      • Genius

        Modern Germans aren’t smart enough to do that. Coal is hard to find too. Wood maybe. Old skool Germans were smart as fook! Millenials.. ehhh… Not so much. Good luck mofos…

    5. Anonymous

      It’s Russias fault..

      • Anonymous

        Of course it is, because We Are Right!

        • Anonymous

          I am, not sure about you…

    6. KAOS KEN

      As the plaque on the wall says “When you gott’em by the balls their minds and hearts will follow.”

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