Russia's Gazprom to shut gas pipeline to Europe for 3 days 'maintenance' | Business Standard News

2022-09-02 22:17:49 By : Ms. Candy Lee

Topics Gazprom | Gas pipeline | Europe

AP  |  Moscow  Last Updated at August 20, 2022 09:22 IST

Russia's state-owned energy company Gazprom said on Friday a key pipeline conveying natural gas to Europe will shut down for three days at the end of this month to undergo routine maintenance." In a statement posted online, Gazprom said that the only operational turbine at a key compressor station along the Nord Stream 1 pipeline, which links Western Russia and Germany, will shut down for routine maintenance from August 31 to September 2.

A set of routine maintenance in accordance with the current maintenance contract will be carried out jointly with Siemens specialists, the company said, in a reference to its German partner, Siemens Energy.

Gazprom said that once work is completed, the flow of gas through Nord Stream 1 will resume at its prior level of 33 million cubic meters, or just 20% of the pipeline's nominal capacity.

Flows of natural gas through Nord Stream 1 have been contentious. The shutdown will come a month after Gazprom restored natural gas supply through the pipeline to only a fifth of its capacity after a previous shutoff for maintenance.

Russia has blamed the reductions through the pipeline on technical problems but Germany calls them a political move to sow uncertainty and push up prices amid the conflict in Ukraine.

The newly announced maintenance shutoff raises additional fears that Russia could completely cut off gas that is used to power industry, generate electricity and heat homes to try to gain political leverage over Europe as it tries to boost its storage levels for winter.

Natural gas prices have surged as Russia has reduced or cut off natural gas flows to a dozen European Union countries, fueling inflation and raising the risk that Europe could plunge into recession.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We, however, have a request. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed. Support quality journalism and subscribe to Business Standard . Digital Editor

Copyrights © 2022 Business Standard Private Ltd. All rights reserved.

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

Welcome to the premium services of Business Standard brought to you courtesy FIS. Kindly visit the Manage my subscription page to discover the benefits of this programme. Enjoy Reading! Team Business Standard