The EU faces another cut in Russian gas supply

The EU faces another cut in Russian gas supply

Overall flows through the Nord Stream pipeline will decrease by about 40%, says Gazprom

Russian energy giant Gazprom said on Wednesday it would further reduce gas supply capacity through the Nord Stream pipeline to 67 million cubic meters per day. The company explained that it has to stop the operation of one more Siemens gas pumping unit in the pipeline.

“Due to the expiration of the time before the overhaul (according to the instructions of Rostekhnadzor and taking into account the technical condition of the unit), Gazprom stops the operation of another Siemens gas pumping unit at the Portovaya compressor station ”. the statement from the energy firm said. He detailed that the flow restrictions will start from 01:30 Moscow time (22:30 GMT) on June 16.

On Tuesday, daily gas pumping fell to 100 million cubic meters, from 167 million cubic meters. Gazprom said it had to cut natural gas supplies through the Nord Stream pipeline because Siemens had not returned gas pumping units from the repair.

The German company said on Wednesday that repaired gas pumping units for the North Stream pipeline cannot be returned from the Montreal factory due to Canada’s sanctions against Russia.

The Nord Stream pipeline, which runs under the Baltic Sea and delivers Russian gas to Europe, connects the Portovaya compressor station in Russia with its equivalent in Greifswald in northeast Germany. It supplies the EU market with around 55 billion cubic meters of gas per year.

Gas prices in Europe soared nearly 25% on the news, topping $1,300 per thousand cubic meters for the first time since April 27, according to data from London’s ICE exchange.

Melissa Galbraith
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