Ørsted

Russian gas producer Gazprom has cut off gas supplies to Denmark's Orsted and to Shell Energy for its contract to supply gas to Germany, ...

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Russian gas monopolist Gazprom has halted the supply of fossil gas to Orsted this morning after the Danish utility refused to pay for gas supplies in ...

Gazprom is halting natural gas supplies to Ørsted, Denmark's largest energy company, because it didn't pay in rubles.

Denmark has vast reserves of natural gas but closed one of its biggest gas fields in Tyra in September 2019 for renovations. In April 2018, Tyra accounted for just over a third of Denmark's gas production. Denmark says it doesn't expect the move to significantly impact its energy security. Gazprom said on Wednesday morning local time that it had "completely" stopped supplies to Ørsted, Denmark's largest energy company because it hadn't paid in rubles. "At Ørsted, we stand firm in our refusal to pay in rubles, and we've been preparing for this scenario, so we still expect to be able to supply gas to our customers," CEO Mads Nipper said. In late March, President Vladimir Putin said Russia would require "unfriendly" countries that had imposed sanctions on Moscow to pay for its gas in rubles.

COPENHAGEN, Denmark (AP) — Denmark's largest energy company said Russia cut off its...

The 27-nation bloc has relied on Russia for 25% of its crude and 40% of its natural gas. Russia's move means that Denmark must purchase more gas on the European gas market, the company added. Russia previously halted natural gas supplies to Finland, Poland and Bulgaria for refusing a demand to pay in rubles. Moscow offered customers receiving its natural gas to establish an account in dollars or euros at Russia’s third-largest bank, Gazprombank, then a second account in rubles. The agency said that Denmark losing its supply would not have immediate consequences “We stand firm in our refusal to pay in rubles, and we’ve been preparing for this scenario,” Ørsted CEO Mads Nipper said.

COPENHAGEN, Denmark (AP) — Denmark's largest energy company said Russia cut off its...

The 27-nation bloc has relied on Russia for 25% of its crude and 40% of its natural gas. Russia's move means that Denmark must purchase more gas on the European gas market, the company added. Russia previously halted natural gas supplies to Finland, Poland and Bulgaria for refusing a demand to pay in rubles. Moscow offered customers receiving its natural gas to establish an account in dollars or euros at Russia’s third-largest bank, Gazprombank, then a second account in rubles. The agency said that Denmark losing its supply would not have immediate consequences “We stand firm in our refusal to pay in rubles, and we’ve been preparing for this scenario,” Ørsted CEO Mads Nipper said.

June 1 (Renewables Now) - Gazprom Export confirmed on Wednesday that it is completely suspending gas supplies to a unit of Danish clean energy group &Oslas.

"At Ørsted, we stand firm in our refusal to pay in roubles, and we’ve been preparing for this scenario, so we still expect to be able to supply gas to our customers. Gazprom completely suspends gas supplies to Denmark’s Orsted Salg & Service A/S due to failure to pay in rubles— Gazprom (@GazpromEN) https://t.co/6xJVbt0o8Y June 1, 2022 June 1 (Renewables Now) - Gazprom Export confirmed on Wednesday that it is completely suspending gas supplies to a unit of Danish clean energy group Ørsted A/S (CPH:ORSTED) because of its unwillingness to pay in Russian roubles.

Russia seeks to pressurise European companies into paying for energy in roubles, but Shell and Orsted will not comply.

Gas pipeline flows from Russia to Slovakia have also decreased. However, the countries have now agreed to exempt pipeline imports from the ban temporarily in order to reach an agreement. Ørsted group president and CEO Mads Nipper said: “We stand firm in our refusal to pay in roubles, and we’ve been preparing for this scenario, so we still expect to be able to supply gas to our customers.

Russia seeks to pressurise European companies into paying for energy in roubles, but Shell and Orsted will not comply.

Gas pipeline flows from Russia to Slovakia have also decreased. However, the countries have now agreed to exempt pipeline imports from the ban temporarily in order to reach an agreement. Ørsted group president and CEO Mads Nipper said: “We stand firm in our refusal to pay in roubles, and we’ve been preparing for this scenario, so we still expect to be able to supply gas to our customers.

Russia's state-controlled Gazprom PJSC has threatened a cut-off of natural gas supplies to Denmark and the Netherlands, and a partial reduction for.

Like Ørsted and GasTerra, other companies that have refused ruble payments have argued that the requirement violates the terms of their contracts. The Dutch government also announced increased funding to restock the Bergermeer gas storage facility. Ørsted said it also had been preparing for the fallout and may be able to meet obligations to its customers through Europe’s integrated gas system. On Monday, Denmark’s Ørsted AS and GasTerra BV in the Netherlands both reported they were notified by state-controlled Gazprom that it would halt gas deliveries starting Wednesday after the companies refused its payment requirements. However, representatives for the company wrote “it is impossible to predict how the lost supply… The Netherlands imported 15.7 Bcm from Russia in 2020, according to IEA data.