2024-06-27 09:54:48
Imports of Russian liquefied pure fuel (LNG) to Finland will utterly stop with the entry into power of the 14th package deal of EU sanctions. This was reported by the enterprise publication Kauppalehti, Day.Az stories with regards to TASS.
The newspaper clarifies that the brand new package deal of sanctions prohibits the import of Russian LNG to terminals within the EU that aren’t linked to the fuel community. In Finland these are terminals in Pori and Tornio. Because the newspaper notes, in follow this can cease Russian imports.
The availability of Russian LNG to the biggest LNG terminal in Finland within the port of Inkoo, which is linked to the Balticconnector fuel pipeline, was beforehand prohibited by a call of the Finnish authorities.
On March 15, the Finnish firm Gasum reported in its annual report that it has a long-term contract for the availability of LNG with Gazprom Export, which features a take-or-pay choice for minimal volumes. On the finish of Could 2023, Gasum terminated a long-term contract for the availability of pipeline fuel with Gazprom Export resulting from the truth that the events had been unable to resolve variations below the contract.
In Could 2022, Gazprom Export suspended pipeline fuel provides below a contract with Gasum, as Finland didn’t make funds for April of the identical yr and refused to make funds in rubles. After this, Gasum acknowledged that it didn’t intend to adjust to Gazprom’s demand to pay for the equipped fuel in rubles and determined to file an utility in court docket to conduct proceedings concerning the present contract with Gazprom Export, which is legitimate till the top of 2031.
Final fall, the Stockholm Arbitration Court docket acknowledged the decree of the President of the Russian Federation on the transition to fee for fuel in rubles as power majeure below the contract, and in addition ordered Gasum to pay Gazprom Export a debt of greater than 300 million euros for fuel provides. Nonetheless, the court docket additionally determined that Gasum shouldn’t be obliged to pay for Russian fuel in rubles, and the events should proceed negotiations to resolve the availability state of affairs.
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