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Europe May Never Rebuild Gas Bond With Russia, Vattenfall Says

  • Trust destroyed in Gazprom as Europe’s main gas supplier
  • Gazprom likely to pivot to sell more gas to China via pipeline

Gazprom PJSC’s reputation as a trusted supplier of gas to Europe has been destroyed and isn’t likely to be rebuilt, according to the head of trading at utility Vattenfall AB. 

“I thought Russia would be very careful with upsetting their long-term customers, but apparently not,” Frank van Doorn of Vattenfall Energy Trading GmbH said in an interview in Essen, Germany. “Their reputation as a reliable supplier is completely gone forever.”