Europe on edge as Nord Stream Russian gas link set for planned shut-down

  11 July 2022    Read: 630
Europe on edge as Nord Stream Russian gas link set for planned shut-down

The biggest single pipeline carrying Russian gas to Germany starts annual maintenance on Monday, with flows expected to stop for ten days, but governments, markets and companies are worried the shut-down might be extended due to war in Ukraine, Reuters reported.

The Nord Stream 1 pipeline transports 55 billion cubic metres (bcm) a year of gas from Russia to Germany under the Baltic Sea. It will undergo maintenance from July 11 to 21.

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Last month, Russia cut flows to 40% of the pipeline's total capacity, citing the delayed return of equipment being serviced by Germany's Siemens Energy (ENR1n.DE), in Canada. 

Canada said at the weekend it would return a repaired turbine, but it also said it would expand sanctions against Russia's energy sector. 

Europe fears Russia may extend the scheduled maintenance to restrict European gas supply further, throwing plans to fill storage for winter into disarray and heightening a gas crisis that has prompted emergency measures from governments and painfully high bills for consumers.


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