Baltic Sea

Russia’s Gazprom shuts down gas supplies via Nord Stream 1 due to technical problems

Russian energy giant Gazprom has cut gas supplies to Germany via the Baltic Sea pipeline Nord Stream 1, citing technical engine problems and delays in repair work by Siemens – a Munich-based automation company. In particular, Nord Stream 1 is Germany’s main Russian gas supply pipeline. According to reports, the Yamal-Europe pipeline has already stopped transporting gas. In addition, Russian gas transit through Ukraine has been severely impacted by the ongoing war.

“A gas compressor plant was not returned in time from Siemens for repairs. As a result, only up to 100 million cubic meters of gas per day can now be pumped through the pipeline, compared to the planned 167 million cubic meters.” TASS news agency. The company further indicated that currently only three units can be used for pumping at the Portovaya compressor station. Due to planned regular pipeline inspections, it was previously indicated on the CEGH REMIT platform that the available capacity to pump gas through Nord Stream will be restricted from June 3-17.

Russia has halted gas supplies to several nations

At the same time, annual planned gas pipeline works are scheduled from July 11 to July 21 with a temporary shutdown of both Nord Stream pipelines. Russia has reportedly cut off gas supplies to many countries that opposed and opposed its invasion of Ukraine. Payment in rubles is a cause for concern across Europe. The European continent in particular is largely dependent on Russian gas and scrambling to find replacements. However, several countries continue to buy Russian gas, helping to keep Russia’s economy afloat amid the ongoing war.

Sanctions against Gazprom Germania are likely to cost German consumers five billion euros: report

Meanwhile, the sanction against Gazprom Germania, a former subsidiary of Russian energy giant Gazprom, is expected to cost German gas consumers €5 billion a day WORLD ON SUNDAY reported. According to the report, the company, which is under the external control of the Federal Network Agency, is now forced to purchase gas on the market with new contracts that are significantly more expensive than the previous ones. This would ultimately result in higher prices falling on gas consumers’ shoulders.

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