Gazprom has declared force majeure on gas deliveries to at least one major customer in Europe, which would protect the Russian giant from compensation payments for unrealized deliveries, Reuters reported exclusively on Monday, quoting a Gazprom letter it had seen. Gazprom cannot fulfill its supply obligations due to “extraordinary” circumstances, says the letter dated July 14 and seen by Reuters. The force majeure Gazprom declares in the letter is about supply via Nord Stream, the key Russian gas export route to Germany, a trading source told Reuters today. This force majeure could further worsen the gas row between the EU and Russia, which has already slashed supply to major customers, including Germany and Italy. Russia claims a delay in the return of a repaired turbine due to the Western sanctions on Moscow prevents the reliable operation of a Nord Stream compressor station, for which the turbine was intended. According […]