SUBSCRIBE
PROFILE

Finland’s Gasum terminates Gazprom pipeline contract

Gasum, the main Finnish state-owned gas distribution company, has decided to terminate its natural gas purchase contract with Gazprom Export, Gazprom's export subsidiary in Russia. This decision follows an ongoing dispute over payments and interruptions in pipeline gas deliveries since May 2022.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Gasum, a Finnish state-owned gas distribution company, announced on Monday that it had terminated a contract to purchase natural gas from Gazprom Export via pipelines from Russia. In May 2022, Gazprom had halted pipeline deliveries of natural gas to Gasum due to a dispute over payments, and the two parties were in talks to resolve the issue.

Unresolved dispute

Gazprom Export has confirmed that it has received a notice of termination of the contract. “Gazprom Export LLC confirms that it has received a notification from the Finnish company Gasum regarding the termination of a long-term contract for gas supply via pipeline. The company is legally analyzing the next steps in this case,” Gazprom said.

Gazprom has demanded that European countries pay for Russian gas supplies in rubles because of sanctions imposed following Moscow’s invasion of Ukraine, which Finland has refused to do. An arbitration panel ruled last November that Gasum was not obliged to pay in rubles, but ordered both parties to negotiate to resolve the situation.

“The parties failed to resolve the situation within the time limit set by the arbitral tribunal and, as a result, Gasum has terminated the long-term natural gas supply contract,” the Finnish company said in a statement. The termination is only for pipeline supply, Gasum said. “The long-term liquefied natural gas (LNG) supply contract that Gasum has with Gazprom Export remains in force,” the Finnish company added.

  • Popular on energynews.pro
Monkey Island LNG integrates ConocoPhillips technology in strategic agreement
Norway tests first commercial cargo flight with fully electric aircraft
Pennavel and BrestPort sign strategic agreement for Breton floating wind project
New failure of the Nigerian power grid triggers widespread outages across the country
France positions itself on small modular reactors with eleven key recommendations
TotalEnergies strengthens its presence in the United States with Rio Grande LNG Train 4
TotalEnergies commits to Train 4 of the Rio Grande LNG project in Texas, consolidating its position in liquefied natural gas with a 10% direct stake and a 1.5 Mtpa offtake agreement.
EQT signs 20-year deal for 1 Mtpa LNG with Commonwealth LNG
US producer EQT has secured a twenty-year liquefied natural gas supply contract with Commonwealth LNG, tied to a Gulf Coast terminal under development.
TotalEnergies confirms imminent investment decision for new LNG train in Texas
The Chief Executive Officer of TotalEnergies said that NextDecade would formalise on Tuesday a final investment decision for a new liquefaction unit under the Rio Grande LNG project in the United States.
McDermott wins major contract for $25bn gas liquefaction unit in Louisiana
Monkey Island LNG has awarded McDermott the design of a gas terminal with a potential capacity of 26 MTPA, using a modular format to increase on-site output density and reduce execution risks.
Two sanctioned Russian LNG carriers deliver to China despite restrictions
The Voskhod and Zarya vessels, targeted by Western sanctions, departed China’s Beihai terminal after potentially offloading liquefied natural gas from the Arctic LNG 2 project.
ADNOC Gas joins FTSE Emerging Index, unlocking up to $250mn in investments
ADNOC Gas will join the FTSE Emerging Index on September 22, potentially unlocking up to $250mn in liquidity, according to market projections.
BlueNord lowers Tyra production guidance for Q3 2025
Norwegian company BlueNord has revised downward its production forecasts for the Tyra gas field for the third quarter, following unplanned outages and more impactful maintenance than anticipated.
NextDecade signs 20-year LNG deal with EQT for 1.5 MTPA from Train 5
NextDecade has signed a liquefied natural gas supply agreement with EQT for 1.5 million tonnes annually from Rio Grande LNG Train 5, pending a final investment decision.
Sawgrass LNG extends supply contract with Barbados until 2030
Sawgrass LNG & Power has renewed its liquefied natural gas supply agreement with state-owned BNECL, consolidating a commercial cooperation that began in 2016.
Gazprom and CNPC seal binding agreement for the Power of Siberia 2 project
Gazprom and China National Petroleum Corporation have signed a binding memorandum to build the Power of Siberia 2 pipeline, set to deliver 50 bcm of Russian gas per year to China via Mongolia.
Permex Petroleum secures option to acquire 50 wells to power Bitcoin mining
Permex Petroleum signed a $3 million purchase option on oil and gas assets in Texas to support a strategy combining energy production and Bitcoin mining.
Enbridge deploys two new gas projects for 2.8 Bcf/d in the United States
Enbridge announces the implementation of two major natural gas transmission projects aimed at strengthening regional supply and supporting the LNG market.
Commonwealth LNG secures final non-FTA export authorization
Commonwealth LNG’s Louisiana liquefied natural gas project clears a decisive regulatory step with final approval from the U.S. Department of Energy for exports to non-free trade agreement countries.
Indonesia secures supply of 10 LNG cargoes for September
The Indonesian government confirmed the delivery of nine to ten liquefied natural gas cargoes for domestic demand in September, without affecting long-term export commitments.
Egypt commits $343mn to new gas drilling to support supply
The Egyptian government signs four exploration agreements for ten gas wells, allocating $343mn to limit the impact of the rapid decline in national production.
Hungary receives over 5 bn m³ of Russian gas via TurkStream in 2024
Hungary has imported over 5 billion cubic metres of Russian natural gas since January via TurkStream, under its long-term agreements with Gazprom, thereby supporting its national energy infrastructure.
United States clears Rio Grande and Commonwealth LNG toward final decisions
U.S. regulators have approved two major milestones for Rio Grande LNG and Commonwealth LNG, clarifying their investment decision timelines and reinforcing the country’s role in expanding global liquefaction capacity.
Hokkaido Gas readies 2027: LNG tender and volumes
Hokkaido Gas is adjusting its liquefied natural gas procurement strategy with a multi-year tender and a long-term agreement, leveraging Ishikari’s capacity and price references used in the Asian market. —
KOGAS signs 3.3 mtpa of US LNG for ten years starting in 2028
Korea Gas Corporation commits to 3.3 mtpa of US LNG from 2028 for ten years, complementing new contracts to cover expired volumes and diversify supply sources and price indexation.
Bangladesh finalises memorandum with Aramco for LNG supply deals
Petrobangla plans to sign a memorandum with Saudi Aramco to secure liquefied natural gas deliveries under a formal agreement, following a similar deal recently concluded with the Sultanate of Oman.

Log in to read this article

You'll also have access to a selection of our best content.