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  4. Russia does not expect to cut gas to more European customers
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Russia does not expect to cut gas to more European customers

(Reuters) -Russia said on Thursday it did not expect Gazprom (MCX:GAZP) to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in...
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Russia does not expect to cut gas to more European customers © Reuters. FILE PHOTO: A 3D printed natural gas pipeline is placed in front of displayed Gazprom logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) -Russia said on Thursday it did not expect Gazprom (MCX:GAZP) to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in roubles was working as planned.

Gazprom has cut supplies to Denmark's Orsted (OTC:DOGEF) and to Shell (LON:RDSa) Energy for its contract to supply gas to Germany, as well as to Dutch gas trader GasTerra along with Bulgaria, Poland and Finland for refusing to make payments for Russian gas in roubles under the new rouble scheme.

Gas payments under the new scheme, set up in response to Western sanctions, were due in April and May.

Kremlin spokesman Dmitry Peskov said everyone who was to be cut off from supplies was now not receiving Russian gas.

"The system is functioning ... and whose who receive the gas are working under the new system," Peskov told his daily conference call with reporters.

Asked whether new gas cuts should be expected, he said: "No."

Companies from Germany, Italy and France have said they would engage with Moscow's payment scheme to ensure they can maintain supplies, as Europe plans to gradually cut its dependence from Russia in the next couple of years.

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

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USD/JPY

157.91

+0.12 (+0.07%)

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AUD/USD

0.6469

-0.0003 (-0.05%)

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USD/CAD

1.3780

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EUR/JPY

168.32

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EUR/CHF

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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RON 95-V25.44025.940
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EUR26.475,3627.949,19
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KRW15,9219,31
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