Gazprom Slashes Nord Stream 1 Capacity to 20% Amid Ongoing Equipment Repairs

Gazprom has cut back natural gas flows to Europe by another 20%, citing further repairs to the Nord Stream 1 pipeline.

The Russian-owned energy company announced on Monday it would slash daily natural gas capacity en route to Germany to a mere 33 million cubic meters come Wednesday, citing necessary repairs to a second turbine. Nord Stream 1 was reopened to 40% capacity last week after the conclusion of a 10-day maintenance period, while the German government went as far as to assure that technical reasons would not lead to additional gas cutbacks.

“Russia is playing a strategic game here. Fluctuating already low flows is better than a full cut-off, as it manipulates the market and optimizes geopolitical impact,” said German economy minister Robert Habeck as cited by ABC News. Russia has already slashed supplies to several EU non-friendly EU countries, prompting the European Commission to announce voluntary consumption reductions in order to avert potential gas rationing come the winter months.

Back in June, Gazprom reduced output by 60% over alleged technical issues related to a turbine that was sent to Canada for repairs at Siemens Energy. The Russian energy giant complained that sanctions were preventing the part from being returned to Russia, eventually prompting the Canadian government to issue a revocable permit allowing for delivery of the turbine to Germany and then subsequently to the Russian compressor station.

On Monday, Gazprom brought attention to a second turbine related to the Nord Stream 1 pipeline, which too, is involved in the heated sanctions debate. According to the Russian energy company, British and EU sanctions “remain unresolved” when it comes to scheduled repairs on turbines. However, Germany assured that the original part is not subject to sanctions, while Siemens Energy said that there currently aren’t any “significant complications” aside from pending customs documents necessary for imports into Russia.


Information for this briefing was found via ABC News. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Hackers Found That Russia Paid Iran $1.75 Billion ‘In Literal Gold’ for 6,000 Drones

The Prana Network, a group of hackers, has reportedly infiltrated the email servers of the...

Wednesday, February 7, 2024, 02:58:00 PM

Russia Plans To Test ‘Doomsday’ Nuclear Weapon Near The Ukrainian Border

NATO has reportedly issued an intelligence assessment to its members and allies warning that the...

Wednesday, October 5, 2022, 02:56:21 PM

Elon Musk Advocates Nuclear Power: “Critical To National Security”

Amid the growing concerns of the budding war in Eastern Europe going nuclear, Tesla (Nasdaq: TSLA)...

Monday, March 7, 2022, 02:22:00 PM

German Carmakers Cut Off Russian Dealers from Software

German car manufacturers BMW and Audi have recently cut off their Russian dealers from accessing...

Thursday, August 24, 2023, 02:59:00 PM

Is Russia Losing Because Of Poor Management Skills? Putin Is Reportedly Giving Directions To The Field Himself

Too many cooks spoil the broth–and this time, the broth might be Russia’s chances of...

Friday, September 23, 2022, 04:06:00 PM