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Gazprom Tries to Reassure Europe Clients They Can Still Buy Gas

  • Russia has clarified decree on payment mechanism for gas
  • EU companies are trying to avoid losing vital energy supplies
A gas pipe at the Gazprom PJSC Chayandinskoye oil, gas and condensate field.

A gas pipe at the Gazprom PJSC Chayandinskoye oil, gas and condensate field.

Source: Bloomberg

Gazprom PJSC has written to its European clients seeking to reassure them that they can keep paying for gas without breaching sanctions, the latest indication that Russia may be trying to find a way to keep the gas flowing.

European companies are scrambling to work out how they can keep buying Russian gas after Moscow demanded payments be made in rubles and the European Commission said such a move would breach sanctions. Poland and Bulgaria have already been cut off and other countries’ payment deadlines fall later this month.