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Despite heavy sanctions and a 60% collapse in shares, Gazprom guarantees gas supply to Europe

02 March 2022 12:08 (UTC +04:00)

In recent hours, the gas company issued a statement in which it guaranteed the supply of Russian gas on a routine basis for transit to Europe through the territory of Ukraine, the official representative of the holding company, Sergey Kupriyanov, told reporters, APA reports citing 24hoursworld.

“Gazprom” supplies Russian gas for transit through the territory of Ukraine in the regular mode, according to the requests of European consumers – 109.6 million cubic meters. m March 1,” he said.

This volume is even slightly higher than the supplies under long-term reserves for gas transit through Ukraine (about 109.5 million cubic meters per day). As of Monday, February 28, requests amounted to 105.8 million cubic meters.

The confirmation comes after oil and gas company Shell announced it is leaving Russia, a sign that the invasion of Ukraine is costing Russia’s key energy industry foreign investment and expertise. Shell announced on Monday that it was pulling out of joint ventures it had with Russia’s state-owned Gazprom and related entities, including its 27.5% stake in the Sakhalin-II natural gas facility, its 50% stake in two projects development of oil fields in Siberia.