Gazprom will reduce the flow of natural gas into Europe – reducing Nord Stream 1’s capacity to 20% starting Wednesday
According to the Russian state-owned energy company, “daily throughput will be reduced from 4am because of necessary equipment repairs.”
Russia lowered Nord Stream 1 by 40% in June, and then took it offline for a 10-day maintenance break in July. This was due to the late return of a Siemens turbine being maintained in Canada.
Germany stated that the turbine was not intended to be used before September and that there was no technical reason for any further supply cuts this month.
Gazprom stated that it had received documents from Canada and Siemens about the turbine, but they “doe not remove previously identified risks or raise additional questions”.
“Additionally there are still open issues from Gazprom concerning the EU and UK sanctions. The resolution of these questions is crucial for the delivery engine to Russia as well as the urgent overhaul of other gas turbine motors for the Portovaya compressor stations.
Siemens Energy claimed that the turbine was available for delivery, but that customs documents were required to import it to Russia were not yet in place.
Gazprom was the customer and required these.
Depends on Russian gas
Parts of Europe rely on oil and gas from Russia. Nord Stream 1 is Russia’s largest natural gas link to Europe.
It runs from the Baltic Sea to Germany, Europe’s largest economy and is heavily dependent on it.
Europe claims that Russia is taking advantage of this dependence by using its energy supply to blackmail countries that have imposed sanctions in response to the invasion.
There are concerns that Russia might cut gas flow this winter. This could send Germany into recession and push prices skyward for consumers.
Huge Energy Price Rises
Russian President Vladimir Putin stated earlier this month, that sanctions by the West could cause huge energy price increases for consumers around the world.
However, the Kremlin also stated that it does not want to stop gas supply into Europe.
It would be a great deal of pain for some European countries but also lead to a decrease in Russia’s revenue.
Russia is the largest oil exporter in the world and the second-largest natural gas exporter after Saudi Arabia.
Russia supplies 40% of Europe’s gas and 30% of Europe’s oil.