On May 30th, Gazprom announced that Gazprom would suspend the supply of natural gas from May 3rd1because GasTerra, a Dutch natural gas trader, failed to pay for the natural gas delivered in April as required. On the afternoon of May 3 1 Sunday 16: 30, the monthly futures price of TTF benchmark natural gas in the Netherlands rose by 3.3% to 94.32 euros /MWh (about 6.79 yuan /m3).
At the end of March, Putin signed a decree requiring EU natural gas buyers to open two kinds of cash accounts in Gazprom. After the paid euros or dollars enter the first account, they will be converted into rubles and enter the second account. Finally, after the ruble was remitted to the Russian natural gas account, it was considered to have fulfilled its contractual obligations.
GasTerra is an important natural gas supplier in the Netherlands, with the Dutch government holding 50%, Shell and ExxonMobil each holding 25%. Gastra said that Russian gas stopped supplying natural gas. At present, on June 10, 2022, about 2 billion cubic meters of natural gas cannot be transported. It accounts for 15% of the total natural gas imported by the Netherlands last year. Gastra said that it has arranged to find a gas source to replace this part of natural gas.
Statistics from the Netherlands show that the total consumption of natural gas last year was 40 billion cubic meters, with imports of 65.438+0.34 billion cubic meters, accounting for about 30%, while Russian natural gas imports were about 6 billion cubic meters, accounting for 45% of the total import share. In April, the Dutch government announced its intention to get rid of dependence on Russian fossil fuels by the end of this year through energy conservation and alternative energy sources. In addition, the Netherlands predicts that the expansion of Rotterdam LNG terminal and the construction of Ames floating LNG terminal will import 8 billion cubic meters of LNG before the end of this year.
The Dutch government said that there are enough natural gas reserves and substitutes in China, which can cope with Russian gas supply interruption, but it will also lead to a sharp rise in prices. However, Gastra pointed out that the integration of European natural gas market makes it impossible to judge the impact of the loss of Russian natural gas supply of 2 billion cubic meters on the overall supply and demand situation in Europe.
Just because the Netherlands has its own Groningen gas field. This gas field is located in Groningen province, occupying one third of the area of Groningen province. 1963 officially started mining. Due to many earthquakes nearby, it is planned to stop mining in 2050. The estimated reserves of natural gas fields are 2.8 trillion cubic meters.
The natural gas imported by Russia accounts for 15% of the total imports and 5% of the total natural gas consumption in the whole year. Only Russia announced that it would stop supplying natural gas to the Netherlands. Of course, it will not have a great impact on the Netherlands. Let's just say the impact is minimal. My friends, do you agree with me? If there are different opinions. Please comment in the comments section below and look forward to your participation!