Gazprom cuts more than 40% of its daily delivery capacity by gas to Germany through Nord Stream pipeline. The Russian energy giant justified the decision by calling into question the delay of some equipment sent for repair to the German group Siemens. “Gas supplies through the Nord Stream pipeline can currently only be secured up to a volume of 100 million cubic meters per day,” the group said in a statement posted to Telegram, adding that the expected daily volume is 167 million. of cubic meters. The announcement makes the gas price in Europe: the Dutch TTF, the main European hub, stands at 90,74 euros per megawatt hour, up 8,79%; in London the price stood at 170 pence per Mmbtu (+10,60%).
With Siemens' late return of components, and "technical malfunctions of the engines, only three gas compressor units are currently operational at the Portovaya compressor station near the northwestern city of Vyborg," he said. Gazprom.
It is not clear from the Russian energy giant's statement whether it was Siemens AG that delayed the repair work or whether it was Siemens Energy, from which the German company spun off a few years ago while maintaining a 35% stake. But neither responded immediately to Reuters requests for comment.
All Gazprom cuts to Europe
Moscow has lost several European gas customers after asking all "hostile" countries to pay for Russian natural gas in rubles in response to the flurry of Western sanctions on Ukraine. Many countries have refused such as Poland, Bulgaria, Finland and the Netherlands and have paid with the suspension of natural gas supplies from Russia.
I flows in Europe continue to stop. Gazprom no longer exports westbound gas through Poland via the Yamal-Europe pipeline after Russian sanctions against EuRoPol Gaz, which owns the Polish section. Flows through Yamal-Europe instead continue to the east (from Germany to Poland).
Also, last month, Ukraine suspended Russian gas flows through one of its two transit points to Europe, cutting off a third of Russian gas being channeled to Europe via Ukraine.
EU countries have tried to reduce their dependence on Russian energy since the start of the conflict, but are divided over the idea of imposing a embargo on natural gas, as several member states are heavily dependent on energy supplies from Moscow. And Germany is right among them.
