Russia to cut gas supply to Poland on April 27
Poland's state gas importer PGNiG announced late on April 26 it had received a letter from Gazprom confirming that Russian gas supply would be halted on the morning of April 27, marking a significant escalation in Europe and Russia's standoff over energy supplies and the war in Ukraine.
"PGNiG received a letter from Gazprom announcing the complete suspension of gas supplies under the Yamal contract," PGNiG said in a statement. "The company monitors the situation and is prepared for various scenarios. Currently, deliveries to recipients are made according to demand."
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Poland typically depends on Russian gas to cover about two thirds of demand. But the country has been preparing for a potential cut-off in supply, with its gas storage facilities currently 80% full, in stark contrast to an EU average of under 30%. With the heating season over, this means that the disruption is unlikely to impact domestic supplies in the near term.
However, the move by Gazprom led to a spike in European gas prices, with the front-month contract at the Dutch TTF hub climbing 17% following the announcement.