RUSSIA: Russia’s Gazprom said on Tuesday that it would limit natural gas supply via the Nord Stream pipeline to Germany by 40 percent compared to planned flows because of a delay in equipment repairs, sending European gas prices surging by 13 percent.
Gazprom said today on its Telegram channel that Siemens had delayed the return of gas compressor units from repair, and technical issues prevented it from sending the planned volumes of natural gas to the biggest gas link to Europe. Only three compressor units can currently be used to ship gas westwards from the Portovaya compressor station in the Baltic Sea, Gazprom says.
Gas supplies to the Nord Stream gas pipeline can currently be provided in the amount of up to 100 million cubic meters per day, compared with a planned volume of 167 million cubic meters per day, the Russian gas giant said.
The lower supply of gas via Nord Stream to the biggest European economy, Germany, sent Europe’s gas prices surging by double digits on Tuesday, with the gas price at the Dutch TTF hub, the benchmark gas price for Europe, up by 13 percent and the UK gas prices rising by 11 percent around noon in Europe.
Russian gas deliveries to Europe—not counting the countries already cut off from Russian gas—have already been down after Ukraine stopped last month flows from Russia to Europe at the Sokhranivka point.
- THE MALAY MAIL
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