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Finland Continues To Buy Russian Gas - Foreign Affairs - Nairaland

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Finland Continues To Buy Russian Gas by BidenDConquerer: 4:16pm On Mar 21, 2023
The EU country has vowed to end energy imports from Moscow

Finnish state-run energy provider Gasum intends to continue buying gas from Russia, Yle news outlet reported on Monday, citing a statement from the company.

Gasum has a long-term gas supply contract with Russia, which was signed before Ukraine-related EU sanctions and Russian counter-sanctions were introduced last year, according to the statement. This will be valid “for several more years,” the company said, noting that it is obliged to pay under the contract and doesn’t intend to breach this agreement.

“The contract is a so-called take-or-pay contract, which is common in gas supply contracts. It means that Gasum is obliged to pay for a certain amount of liquefied natural gas (LNG) every year, whether we get it from Russia or not,” the company explained to Yle in an email. Gasum noted that it has no legal grounds to terminate the contract or take it to arbitration.

In response to EU sanctions last year, Moscow demanded that buyers in countries that supported them must pay for Russian gas supplies in rubles instead of dollars or euro. Finland refused to accept the change in payments, and Gazprom suspended pipeline gas deliveries to the country.

However, Helsinki continued to import liquefied natural gas (LNG) from Russian Novatek’s Cryogas-Vysotsk LNG plant. Gasum claims that it imports only the bare minimum of the fuel from Russia to avoid a breach.

“Gasum has only imported the minimum amount of LNG from Russia as stipulated in the contract. We have not agreed on any additional shipments and we do not intend to do so in the future,” it explained.

According to the Finnish customs service, Gasum has bought around $188 million worth of natural gas from Russia since February 2022. In 2021, Gazprom supplied Gasum with 1.49 billion cubic meters of gas, which equated to two-thirds of Finland’s total consumption.



CodeTemplar:
Cheaper cooking gas is needed also.

WastedSpyPlane:

Use Fire wood.
Food is the most important..
But instead of the grain getting to the countries that need it (impoverished/developing countries like Nigeria), it finds it's way to Western ports... that's cruel, barbaric and inhumane.

CodeTemplar:
there is something called open market. A seller fixes his/her price and those who can afford come and buy accordingly.

WastedSpyPlane:

I'm not going to pay attention to what you wrote bc it makes no sense.
The grain finds it's way to ports of countries that sanctioned Russia. Meanwhile, African countries that took no part in the folly of the West bear the brunt of the hardship.
Where is the morality?
And then when you made mention of cooking gas, that was when I knew your skull was empty...what about kerosene? grin Nigeria is an oil producing country and you shouldn't shift the blame of the failures and irresponsibility of your 'democratic' govt to Russia. Just look at Saudi Arabia (an Arab monarchy where the royals are the heads of state & government).
Have you given the firewood option a serious thought?

CodeTemplar:
and how did the grains end up in EU? Theft or force?

WastedSpyPlane:

I'm not shifting the goal post with you.
If I continue to engage with you..it'll give you relevance you're craving for.
From every indication, you've admitted that African countries haven't been positively impacted by the grain deal.
The bottomline is ...either by theft or force, grain meant for impoverished/developing/starving countries like Nigeria do not get there.
It should be suspended. Russia should engage with Africa directly instead of going through fraudulent UN mechanisms.


To end this on a lighter note, it seems Finland doesn't like Firewood grin

Re: Finland Continues To Buy Russian Gas by brain54(m): 4:26pm On Mar 21, 2023
Blood.y Hypocrites…
Re: Finland Continues To Buy Russian Gas by brain54(m): 4:28pm On Mar 21, 2023
BidenDConquerer:
The EU country has vowed to end energy imports from Moscow

Finnish state-run energy provider Gasum intends to continue buying gas from Russia, Yle news outlet reported on Monday, citing a statement from the company.

Gasum has a long-term gas supply contract with Russia, which was signed before Ukraine-related EU sanctions and Russian counter-sanctions were introduced last year, according to the statement. This will be valid “for several more years,” the company said, noting that it is obliged to pay under the contract and doesn’t intend to breach this agreement.

“The contract is a so-called take-or-pay contract, which is common in gas supply contracts. It means that Gasum is obliged to pay for a certain amount of liquefied natural gas (LNG) every year, whether we get it from Russia or not,” the company explained to Yle in an email. Gasum noted that it has no legal grounds to terminate the contract or take it to arbitration.

In response to EU sanctions last year, Moscow demanded that buyers in countries that supported them must pay for Russian gas supplies in rubles instead of dollars or euro. Finland refused to accept the change in payments, and Gazprom suspended pipeline gas deliveries to the country.

However, Helsinki continued to import liquefied natural gas (LNG) from Russian Novatek’s Cryogas-Vysotsk LNG plant. Gasum claims that it imports only the bare minimum of the fuel from Russia to avoid a breach.

“Gasum has only imported the minimum amount of LNG from Russia as stipulated in the contract. We have not agreed on any additional shipments and we do not intend to do so in the future,” it explained.

According to the Finnish customs service, Gasum has bought around $188 million worth of natural gas from Russia since February 2022. In 2021, Gazprom supplied Gasum with 1.49 billion cubic meters of gas, which equated to two-thirds of Finland’s total consumption.















To end this on a lighter note, it seems Finland doesn't like Firewood grin
They are too happy for that…

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