Gazprom threatens to cut gas transit flows via Ukraine

Gazprom said on Tuesday that it may cut gas transit flows via Ukraine, which is the only remaining route for exports to western European markets, from next week.

The Russian energy giant claimed that Ukraine was diverting natural gas supplies transiting to Moldova. The company threatened to curtail deliveries in response, SIA refers to foreign media.

In a statement, the Saint Petersburg-based company said: "The volume of gas supplied by Gazprom... for transit to Moldova via Ukraine is more than the physical volume transmitted at the border of Ukraine with Moldova."

Amid the ongoing Russia-Ukraine war, Europe is facing a massive energy crisis, and the situation could worsen as the winter season approaches with shortages of oil, gas and food.

Gazprom claimed that Ukraine obstructed about 52.52 million cubic metres from being delivered to Moldova. The threat to cut supplies will be the latest blow to Europe's alarming supply crunch.

The company said: "If the transit imbalance through Ukraine for Moldovan consumers persists, on November 28, from 10:00, Gazprom will begin reducing gas supply".

Gas exchange prices in Europe have increased up to 4 percent.

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