Gasum Terminates Natural Gas Supply Deal With Gazprom Export The termination concerns only the pipeline gas supply contract. the long term lng supply contract gasum has with gazprom export remains in place. for more information please contact: olga väisänen, vice president, communications and sustainability, gasum. phone: 358 40 55 40 578, firstname.surname (a)gasum . Follow. oslo, may 22 (reuters) finnish state owned gas wholesaler gasum said on monday it had terminated a contract to buy natural gas from gazprom export via pipelines from russia. gazprom.
Gasum Terminates Natural Gas Supply Contract With Gazprom Exp Credit: ln.63 via shutterstock. gasum, a finnish government backed energy company, has announced that it has terminated the natural gas supply contract with russia’s gazprom export over a payment related dispute. last april, gazprom export asked gasum that the payments specified in the supply contract should be made in roubles rather than euros. Join the conversation. oslo — finnish state owned gas wholesaler gasum said on monday it had terminated a contract to buy natural gas from gazprom export via pipelines from russia. gazprom ceased pipeline based natural gas deliveries to gasum in may 2022 in a dispute over payments, and the two sides had been in talks to resolve the matter. Gasum did not accept this demand. in addition, the companies had a significant disagreement regarding certain other demands made based on the agreement. due to these reasons, gasum referred the matter to arbitration in accordance with the supply contract. gazprom export ceased gas supplies to gasum in may. on november 14, the arbitral tribunal. Gasum said that the negotiations with gazprom export have now ended and the parties were not able to resolve the situation within the period defined by the arbitral tribunal. therefore, gasum has terminated the long term natural gas supply contract with gazprom export. the parties will continue to finalize the details of the contract termination.
Gasum Terminates Gazprom Contract World Pipelines Gasum did not accept this demand. in addition, the companies had a significant disagreement regarding certain other demands made based on the agreement. due to these reasons, gasum referred the matter to arbitration in accordance with the supply contract. gazprom export ceased gas supplies to gasum in may. on november 14, the arbitral tribunal. Gasum said that the negotiations with gazprom export have now ended and the parties were not able to resolve the situation within the period defined by the arbitral tribunal. therefore, gasum has terminated the long term natural gas supply contract with gazprom export. the parties will continue to finalize the details of the contract termination. 23 may 2023 4:59 pm. journalist: sasha fernandes. europe: gasum has declared that it will terminate its natural gas supply contract with gazprom export, effective 22nd may 2023. the decision comes after gazprom export demanded payments in rubles instead of euros in april 2022, which led to the cessation of pipeline natural gas deliveries to. “the negotiations between gasum and gazprom export have now ended. the parties were not able to resolve the situation within the period defined by the arbitral tribunal and therefore, gasum has terminated the long term natural gas supply contract with gazprom export on may 22, 2023,” the firm said in the statement.
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