Russia allows gas flows to Gazprom Marketing & Trading for 90 days

Russia allows gas flows to Gazprom Marketing & Trading for 90 days

Russia gave permission for natural gas supplies to Gazprom Marketing & Trading Singapore Ltd, part of Gazprom Germania, from Yamal LNG project for 90 days, a government decree showed on Wednesday.

The move comes less than two weeks after the Kremlin said that Russian sanctions imposed on state gas company Gazprom’s former German unit and other entities meant they could not receive gas supplies from Russia.

Germany, Russia’s top client in Europe, in early April transferred Gazprom Germania, an energy trading, storage and transmission business ditched by Russia’s Gazprom, to its energy regulator to ensure energy security.

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