Russia to Suspend , Some Gas Exports , to Germany.<br />CNN reports that Russia plans <br />to shut off its natural gas supplies <br />to Shell's German customers.<br />CNN reports that Russia plans <br />to shut off its natural gas supplies <br />to Shell's German customers.<br />On May 31, Russia's state energy giant, Gazprom,<br />said that it would suspend natural gas <br />exports to Shell starting on June 1.<br />Gazprom claims the decision <br />came after Shell failed to <br />make payments in rubles.<br />Shell Energy Europe Limited has notified <br />Gazprom Export LLC that it does not intend <br />to make payments under the contract <br />for the supply of gas to Germany in rubles, Gazprom statement, via CNN.<br />Shell Energy Europe Limited has notified <br />Gazprom Export LLC that it does not intend <br />to make payments under the contract <br />for the supply of gas to Germany in rubles, Gazprom statement, via CNN.<br />As a result, Gazprom said that Shell <br />would lose up to 1.2 billion cubic <br />meters worth of gas annually. .<br />According to Germany's economic ministry, <br />this is just a fraction of the 95 billion meters <br />the country consumes each year.<br />However, CNN reports that the move <br />is still likely to impact German industry, <br />which relies upon Moscow for gas.<br />Since the beginning of the war in Ukraine, <br />Germany has already slashed <br />gas imports from Russia by 20%.<br />The announcement by Gazprom comes one day after the company said it would halt gas exports to Danish energy company Ørsted and Dutch gas trading firm GasTerra.<br />Weeks earlier, Russia cut off <br />Poland, Bulgaria and Finland.<br />In March, Russian President Vladimir Putin <br />threatened to cut off gas supplies to <br />countries that refused to pay in rubles.
