Wednesday, May 31, 2023
HomeEconomyGazprom to close Nord Stream 1 pipeline for 72 hours

Gazprom to close Nord Stream 1 pipeline for 72 hours

MOSCOW/FRANKFURT (Reuters) – Russian energy giant Gazprom (MCX: GAZP ) will stop Nord Stream from to Germany 1 Maintenance of natural gas pipelines. According to the energy market disclosure platform Seeburger, August GMT 31 to September 3 GMT.

Confirmation of maintenance time for the pipeline under the Baltic to Germany continues the energy standoff between Moscow and Brussels, which is helping to accelerate inflation in the region and raise the risk of rationing and recession.

Gazprom announced the shutdown earlier this month, but did not give an exact time.

Kremlin-controlled companies have reduced capacity through Nord Stream 1, the largest pipeline delivering Russian gas to Germany, due to equipment failures it describes 20%.

The flow of gas through other pipeline routes has also declined since Russia sent troops into Ukraineb. 24 In Moscow’s so-called “special military operations”. ​​

Nominations for Nord Stream 1 pipeline dropped to zero starting August. 31, 0200 CET, data display on the operator’s website.

Traffic through Nord Stream 1 was fairly steady on Tuesday at about 20% of capacity.

10 – Daily maintenance cuts in July, raising concerns about whether Russia will restore gas supplies after the shutdown.



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