The Nord Stream 1 Pipeline Will Be Shut Down For Three Days In The Latest Fuel Shock In Europe

Unscheduled maintenance on the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, deepens the energy standoff between Moscow and Brussels, which has already helped fuel inflation in the region and raised the risk of a shutdown and recession. Gazprom said the shutdown was due to the pipeline’s only remaining compressor requiring maintenance. Natural gas flows through other pipeline routes have also fallen since Russia invaded Ukraine in February, in what Moscow calls a “special military operation.” Sign up now for FREE unlimited access to Reuters.com Register The move will cause further disruption, particularly for Germany, which is heavily dependent on supplies from Moscow to power its industry. The European Union has accused Russia of using energy as a weapon. Moscow denied the charge and blamed sanctions for reducing exports. “We are closely monitoring the situation with the Federal Network Agency,” said a spokesman for Germany’s economy ministry. The Biden administration did not immediately respond to requests for comment. The shutdown, to run from Aug. 31 to Sept. 2, followed a 10-day maintenance cut in July and raised fears about whether Russia will resume supplies, which have been reduced since mid-June. Ukraine’s gas transmission system operator said it and Poland’s gas pipeline system have the capacity to compensate for the Nord Stream disruption and allow Russian gas to reach Europe. Germany had to give Uniper ( UN01.DE ) – the biggest importer of Russian gas and Europe’s highest corporate casualty of the energy crisis so far – a 15 billion euro ($15.1 billion) bailout after flows fell sharply from Russia, forcing it to buy natural gas elsewhere at much higher prices. read more Germany’s wider economic impact was highlighted in Friday’s producer price data, which posted their biggest increases in July, both year-on-year and month-on-month, as energy costs soared. The Nord Stream pipeline was already operating at just one-fifth of its capacity, sparking fears that Russia could completely halt flows towards the winter heating season and make it harder to fill storage facilities. Before Gazprom announced the shutdown, gas prices in Europe remained near five-month highs, while U.S. gas prices reversed course and settled 1.2% after the news.

GERMAN DEPENDENCY

Germany has made targeted efforts to fill its storage facilities to prepare for winter with levels reaching 78% on August 17, slightly higher than around 76% for the European Union as a whole. After the maintenance is completed and “in the absence of technical malfunctions”, flows of 33 million cubic meters (mcm) per day – in line with current volumes – will continue, Gazprom said. The restart volume would be just 20% of Nord Stream’s total capacity of 167 mcm per day. Gazprom said maintenance work on the remaining Trent 60 gas compressor station would be carried out together with Siemens Energy ( ENR1n.DE ). The Russian company previously blamed faulty or delayed equipment for lower flows. Germany says this is a pretext to damage its economy. Siemens, which is responsible for maintaining the Nord Stream 1 turbines, declined to comment. One of the Nord Stream 1 turbines is stuck in Germany after undergoing maintenance in Canada. Germany said it could be transferred, but Moscow continues to say sanctions have prevented the equipment from being shipped back to Russia. read more Earlier, senior German politicians had rejected suggestions that gas shortages could be eased by allowing the Nord Stream 2 pipeline to come online, which the Kremlin suggested as a solution. “I strongly suggest that we avoid the humiliation of always asking (Russian President Vladimir) Putin for something that we are not going to get,” said Kevin Kuehnert, the number two official of Chancellor Olaf Scholz’s Social Democrats. “Dependence on him must end once and for all,” he added in an interview with the t-online website. ($1 = 0.9958 euros) Sign up now for FREE unlimited access to Reuters.com Register Report by Christoph Steitz and Thomas Escritt. Editing by Kirsten Donovan, David Holmes and Marguerita Choy Our Standards: The Thomson Reuters Trust Principles. Thomas Escritt Thomson Reuters A Berlin correspondent who has investigated anti-Paschal and COVID treatment practices, reported on refugee camps and covered warlord trials in The Hague. Earlier, he covered Eastern Europe for the Financial Times. He speaks Hungarian, German, French and Dutch.

title: “The Nord Stream 1 Pipeline Will Be Shut Down For Three Days In The Latest Fuel Shock In Europe Klmat” ShowToc: true date: “2022-11-06” author: “Barbara Taber”

Unscheduled maintenance on the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, deepens the energy standoff between Moscow and Brussels, which has already helped fuel inflation in the region and raised the risk of a shutdown and recession. Gazprom said the shutdown was due to the pipeline’s only remaining compressor requiring maintenance. Natural gas flows through other pipeline routes have also fallen since Russia invaded Ukraine in February, in what Moscow calls a “special military operation.” Sign up now for FREE unlimited access to Reuters.com Register The move will cause further disruption, particularly for Germany, which is heavily dependent on supplies from Moscow to power its industry. The European Union has accused Russia of using energy as a weapon. Moscow denied the charge and blamed sanctions for reducing exports. “We are closely monitoring the situation with the Federal Network Agency,” said a spokesman for Germany’s economy ministry. The Biden administration did not immediately respond to requests for comment. The shutdown, to run from Aug. 31 to Sept. 2, followed a 10-day maintenance cut in July and raised fears about whether Russia will resume supplies, which have been reduced since mid-June. Ukraine’s gas transmission system operator said it and Poland’s gas pipeline system have the capacity to compensate for the Nord Stream disruption and allow Russian gas to reach Europe. Germany had to give Uniper ( UN01.DE ) – the biggest importer of Russian gas and Europe’s highest corporate casualty of the energy crisis so far – a 15 billion euro ($15.1 billion) bailout after flows fell sharply from Russia, forcing it to buy natural gas elsewhere at much higher prices. read more Germany’s wider economic impact was highlighted in Friday’s producer price data, which posted their biggest increases in July, both year-on-year and month-on-month, as energy costs soared. The Nord Stream pipeline was already operating at just one-fifth of its capacity, sparking fears that Russia could completely halt flows towards the winter heating season and make it harder to fill storage facilities. Before Gazprom announced the shutdown, gas prices in Europe remained near five-month highs, while U.S. gas prices reversed course and settled 1.2% after the news.

GERMAN DEPENDENCY

Germany has made targeted efforts to fill its storage facilities to prepare for winter with levels reaching 78% on August 17, slightly higher than around 76% for the European Union as a whole. After the maintenance is completed and “in the absence of technical malfunctions”, flows of 33 million cubic meters (mcm) per day – in line with current volumes – will continue, Gazprom said. The restart volume would be just 20% of Nord Stream’s total capacity of 167 mcm per day. Gazprom said maintenance work on the remaining Trent 60 gas compressor station would be carried out together with Siemens Energy ( ENR1n.DE ). The Russian company previously blamed faulty or delayed equipment for lower flows. Germany says this is a pretext to damage its economy. Siemens, which is responsible for maintaining the Nord Stream 1 turbines, declined to comment. One of the Nord Stream 1 turbines is stuck in Germany after undergoing maintenance in Canada. Germany said it could be transferred, but Moscow continues to say sanctions have prevented the equipment from being shipped back to Russia. read more Earlier, senior German politicians had rejected suggestions that gas shortages could be eased by allowing the Nord Stream 2 pipeline to come online, which the Kremlin suggested as a solution. “I strongly suggest that we avoid the humiliation of always asking (Russian President Vladimir) Putin for something that we are not going to get,” said Kevin Kuehnert, the number two official of Chancellor Olaf Scholz’s Social Democrats. “Dependence on him must end once and for all,” he added in an interview with the t-online website. ($1 = 0.9958 euros) Sign up now for FREE unlimited access to Reuters.com Register Report by Christoph Steitz and Thomas Escritt. Editing by Kirsten Donovan, David Holmes and Marguerita Choy Our Standards: The Thomson Reuters Trust Principles. Thomas Escritt Thomson Reuters A Berlin correspondent who has investigated anti-Paschal and COVID treatment practices, reported on refugee camps and covered warlord trials in The Hague. Earlier, he covered Eastern Europe for the Financial Times. He speaks Hungarian, German, French and Dutch.

title: “The Nord Stream 1 Pipeline Will Be Shut Down For Three Days In The Latest Fuel Shock In Europe Klmat” ShowToc: true date: “2022-12-14” author: “Verna Lovett”

Unscheduled maintenance on the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, deepens the energy standoff between Moscow and Brussels, which has already helped fuel inflation in the region and raised the risk of a shutdown and recession. Gazprom said the shutdown was due to the pipeline’s only remaining compressor requiring maintenance. Natural gas flows through other pipeline routes have also fallen since Russia invaded Ukraine in February, in what Moscow calls a “special military operation.” Sign up now for FREE unlimited access to Reuters.com Register The move will cause further disruption, particularly for Germany, which is heavily dependent on supplies from Moscow to power its industry. The European Union has accused Russia of using energy as a weapon. Moscow denied the charge and blamed sanctions for reducing exports. “We are closely monitoring the situation with the Federal Network Agency,” said a spokesman for Germany’s economy ministry. The Biden administration did not immediately respond to requests for comment. The shutdown, to run from Aug. 31 to Sept. 2, followed a 10-day maintenance cut in July and raised fears about whether Russia will resume supplies, which have been reduced since mid-June. Ukraine’s gas transmission system operator said it and Poland’s gas pipeline system have the capacity to compensate for the Nord Stream disruption and allow Russian gas to reach Europe. Germany had to give Uniper ( UN01.DE ) – the biggest importer of Russian gas and Europe’s highest corporate casualty of the energy crisis so far – a 15 billion euro ($15.1 billion) bailout after flows fell sharply from Russia, forcing it to buy natural gas elsewhere at much higher prices. read more Germany’s wider economic impact was highlighted in Friday’s producer price data, which posted their biggest increases in July, both year-on-year and month-on-month, as energy costs soared. The Nord Stream pipeline was already operating at just one-fifth of its capacity, sparking fears that Russia could completely halt flows towards the winter heating season and make it harder to fill storage facilities. Before Gazprom announced the shutdown, gas prices in Europe remained near five-month highs, while U.S. gas prices reversed course and settled 1.2% after the news.

GERMAN DEPENDENCY

Germany has made targeted efforts to fill its storage facilities to prepare for winter with levels reaching 78% on August 17, slightly higher than around 76% for the European Union as a whole. After the maintenance is completed and “in the absence of technical malfunctions”, flows of 33 million cubic meters (mcm) per day – in line with current volumes – will continue, Gazprom said. The restart volume would be just 20% of Nord Stream’s total capacity of 167 mcm per day. Gazprom said maintenance work on the remaining Trent 60 gas compressor station would be carried out together with Siemens Energy ( ENR1n.DE ). The Russian company previously blamed faulty or delayed equipment for lower flows. Germany says this is a pretext to damage its economy. Siemens, which is responsible for maintaining the Nord Stream 1 turbines, declined to comment. One of the Nord Stream 1 turbines is stuck in Germany after undergoing maintenance in Canada. Germany said it could be transferred, but Moscow continues to say sanctions have prevented the equipment from being shipped back to Russia. read more Earlier, senior German politicians had rejected suggestions that gas shortages could be eased by allowing the Nord Stream 2 pipeline to come online, which the Kremlin suggested as a solution. “I strongly suggest that we avoid the humiliation of always asking (Russian President Vladimir) Putin for something that we are not going to get,” said Kevin Kuehnert, the number two official of Chancellor Olaf Scholz’s Social Democrats. “Dependence on him must end once and for all,” he added in an interview with the t-online website. ($1 = 0.9958 euros) Sign up now for FREE unlimited access to Reuters.com Register Report by Christoph Steitz and Thomas Escritt. Editing by Kirsten Donovan, David Holmes and Marguerita Choy Our Standards: The Thomson Reuters Trust Principles. Thomas Escritt Thomson Reuters A Berlin correspondent who has investigated anti-Paschal and COVID treatment practices, reported on refugee camps and covered warlord trials in The Hague. Earlier, he covered Eastern Europe for the Financial Times. He speaks Hungarian, German, French and Dutch.

title: “The Nord Stream 1 Pipeline Will Be Shut Down For Three Days In The Latest Fuel Shock In Europe Klmat” ShowToc: true date: “2022-12-19” author: “Alberto Shaffer”

Unscheduled maintenance on the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, deepens the energy standoff between Moscow and Brussels, which has already helped fuel inflation in the region and raised the risk of a shutdown and recession. Gazprom said the shutdown was due to the pipeline’s only remaining compressor requiring maintenance. Natural gas flows through other pipeline routes have also fallen since Russia invaded Ukraine in February, in what Moscow calls a “special military operation.” Sign up now for FREE unlimited access to Reuters.com Register The move will cause further disruption, particularly for Germany, which is heavily dependent on supplies from Moscow to power its industry. The European Union has accused Russia of using energy as a weapon. Moscow denied the charge and blamed sanctions for reducing exports. “We are closely monitoring the situation with the Federal Network Agency,” said a spokesman for Germany’s economy ministry. The Biden administration did not immediately respond to requests for comment. The shutdown, to run from Aug. 31 to Sept. 2, followed a 10-day maintenance cut in July and raised fears about whether Russia will resume supplies, which have been reduced since mid-June. Ukraine’s gas transmission system operator said it and Poland’s gas pipeline system have the capacity to compensate for the Nord Stream disruption and allow Russian gas to reach Europe. Germany had to give Uniper ( UN01.DE ) – the biggest importer of Russian gas and Europe’s highest corporate casualty of the energy crisis so far – a 15 billion euro ($15.1 billion) bailout after flows fell sharply from Russia, forcing it to buy natural gas elsewhere at much higher prices. read more Germany’s wider economic impact was highlighted in Friday’s producer price data, which posted their biggest increases in July, both year-on-year and month-on-month, as energy costs soared. The Nord Stream pipeline was already operating at just one-fifth of its capacity, sparking fears that Russia could completely halt flows towards the winter heating season and make it harder to fill storage facilities. Before Gazprom announced the shutdown, gas prices in Europe remained near five-month highs, while U.S. gas prices reversed course and settled 1.2% after the news.

GERMAN DEPENDENCY

Germany has made targeted efforts to fill its storage facilities to prepare for winter with levels reaching 78% on August 17, slightly higher than around 76% for the European Union as a whole. After the maintenance is completed and “in the absence of technical malfunctions”, flows of 33 million cubic meters (mcm) per day – in line with current volumes – will continue, Gazprom said. The restart volume would be just 20% of Nord Stream’s total capacity of 167 mcm per day. Gazprom said maintenance work on the remaining Trent 60 gas compressor station would be carried out together with Siemens Energy ( ENR1n.DE ). The Russian company previously blamed faulty or delayed equipment for lower flows. Germany says this is a pretext to damage its economy. Siemens, which is responsible for maintaining the Nord Stream 1 turbines, declined to comment. One of the Nord Stream 1 turbines is stuck in Germany after undergoing maintenance in Canada. Germany said it could be transferred, but Moscow continues to say sanctions have prevented the equipment from being shipped back to Russia. read more Earlier, senior German politicians had rejected suggestions that gas shortages could be eased by allowing the Nord Stream 2 pipeline to come online, which the Kremlin suggested as a solution. “I strongly suggest that we avoid the humiliation of always asking (Russian President Vladimir) Putin for something that we are not going to get,” said Kevin Kuehnert, the number two official of Chancellor Olaf Scholz’s Social Democrats. “Dependence on him must end once and for all,” he added in an interview with the t-online website. ($1 = 0.9958 euros) Sign up now for FREE unlimited access to Reuters.com Register Report by Christoph Steitz and Thomas Escritt. Editing by Kirsten Donovan, David Holmes and Marguerita Choy Our Standards: The Thomson Reuters Trust Principles. Thomas Escritt Thomson Reuters A Berlin correspondent who has investigated anti-Paschal and COVID treatment practices, reported on refugee camps and covered warlord trials in The Hague. Earlier, he covered Eastern Europe for the Financial Times. He speaks Hungarian, German, French and Dutch.