EU to shield Naturgy from potential multi-million pound lawsuits for breaching agreements with Russia in light of ban on Russian gas imports
Bankinter | In 2013, Naturgy signed a gas supply contract with the Russian company Yamal. Purchases began five years later at a rate of 3.4 billion cubic metres per year, which, at current prices, amounts to around €1 billion. This agreement provides approximately 16% of Naturgy’s total gas supply The contract has a 20-year term, until 2038, but will have to end earlier due to the EU ban on Russian…