Odd Andersen | Afp | Getty Images Russia’s state energy giant Gazprom on Wednesday cut off gas flows to Europe through a major pipeline, citing maintenance work on its only remaining compressor. Natural gas flows through Nord Stream 1, which runs from Russia to Germany via the Baltic Sea, are expected to be suspended from August 31 to September 3. The shutdown had been announced in advance, with Gazprom saying in mid-August that gas flows would be interrupted for a period of three days for maintenance work. Gazprom had previously said that gas transport would resume at a rate of 33 million cubic meters per day when maintenance work is completed “provided no malfunctions are found”. The temporary halt in supplies reflects a deepening gas dispute between Russia and the European Union and highlights both the risk of a recession and winter shortages. Russia has drastically cut gas supplies to Europe in recent weeks, with flows through the Nord Stream 1 pipeline operating at just 20% of the agreed volume. Moscow has previously blamed faulty and delayed equipment for a sharp drop in gas supplies. Germany, however, sees the supply cut as a political maneuver designed to sow uncertainty across the bloc and boost energy prices amid the Kremlin’s offensive against Ukraine. European policymakers are currently struggling to secure gas supplies to underground facilities in order to have enough fuel to keep homes warm in the colder months. These gas injections have grown faster than expected.
“Full Replenishment Mode”
“Europe is in a fully fueled state and not at risk with Russian supplies heading into winter,” Wei Xiong, senior analyst at energy consultancy Rystad Energy, said in a research note. The latest figures compiled by industry group Gas Infrastructure Europe show that overall EU storage levels are on average more than 80% full, while Germany’s underground storage is almost 84%. Rstad’s Xiong said gas storage in Europe was only 66% paid for in the same period in 2021, “although the cost would be significantly lower.” Germany, until recently, bought more than half of its natural gas from Russia. And the government is now scrambling to boost winter gas supplies amid fears Moscow could soon turn off the taps entirely. It had scheduled natural gas storage levels to reach 75 percent by Sept. 1, with subsequent federal targets set at 85 percent by Oct. 1 and 95 percent by Nov. 1. “Timely injections provide some relief to concerns about Russian supply disruptions,” Xiong said. “The risk to European winter supplies remains, however – given low emissions from Russia and intensified maintenance of Nord Stream 1, storage levels could be vulnerable.”
title: “Russia Temporarily Shuts Off Natural Gas Flows To Europe Via Nord Stream 1 Klmat” ShowToc: true date: “2022-12-06” author: “Russell Gralak”
Odd Andersen | Afp | Getty Images Russia’s state energy giant Gazprom on Wednesday cut off gas flows to Europe through a major pipeline, citing maintenance work on its only remaining compressor. Natural gas flows through Nord Stream 1, which runs from Russia to Germany via the Baltic Sea, are expected to be suspended from August 31 to September 3. The shutdown had been announced in advance, with Gazprom saying in mid-August that gas flows would be interrupted for a period of three days for maintenance work. Gazprom had previously said that gas transport would resume at a rate of 33 million cubic meters per day when maintenance work is completed “provided no malfunctions are found”. The temporary halt in supplies reflects a deepening gas dispute between Russia and the European Union and highlights both the risk of a recession and winter shortages. Russia has drastically cut gas supplies to Europe in recent weeks, with flows through the Nord Stream 1 pipeline operating at just 20% of the agreed volume. Moscow has previously blamed faulty and delayed equipment for a sharp drop in gas supplies. Germany, however, sees the supply cut as a political maneuver designed to sow uncertainty across the bloc and boost energy prices amid the Kremlin’s offensive against Ukraine. European policymakers are currently struggling to secure gas supplies to underground facilities in order to have enough fuel to keep homes warm in the colder months. These gas injections have grown faster than expected.
“Full Replenishment Mode”
“Europe is in a fully fueled state and not at risk with Russian supplies heading into winter,” Wei Xiong, senior analyst at energy consultancy Rystad Energy, said in a research note. The latest figures compiled by industry group Gas Infrastructure Europe show that overall EU storage levels are on average more than 80% full, while Germany’s underground storage is almost 84%. Rstad’s Xiong said gas storage in Europe was only 66% paid for in the same period in 2021, “although the cost would be significantly lower.” Germany, until recently, bought more than half of its natural gas from Russia. And the government is now scrambling to boost winter gas supplies amid fears Moscow could soon turn off the taps entirely. It had scheduled natural gas storage levels to reach 75 percent by Sept. 1, with subsequent federal targets set at 85 percent by Oct. 1 and 95 percent by Nov. 1. “Timely injections provide some relief to concerns about Russian supply disruptions,” Xiong said. “The risk to European winter supplies remains, however – given low emissions from Russia and intensified maintenance of Nord Stream 1, storage levels could be vulnerable.”
title: “Russia Temporarily Shuts Off Natural Gas Flows To Europe Via Nord Stream 1 Klmat” ShowToc: true date: “2022-12-18” author: “Felicia Marro”
Odd Andersen | Afp | Getty Images Russia’s state energy giant Gazprom on Wednesday cut off gas flows to Europe through a major pipeline, citing maintenance work on its only remaining compressor. Natural gas flows through Nord Stream 1, which runs from Russia to Germany via the Baltic Sea, are expected to be suspended from August 31 to September 3. The shutdown had been announced in advance, with Gazprom saying in mid-August that gas flows would be interrupted for a period of three days for maintenance work. Gazprom had previously said that gas transport would resume at a rate of 33 million cubic meters per day when maintenance work is completed “provided no malfunctions are found”. The temporary halt in supplies reflects a deepening gas dispute between Russia and the European Union and highlights both the risk of a recession and winter shortages. Russia has drastically cut gas supplies to Europe in recent weeks, with flows through the Nord Stream 1 pipeline operating at just 20% of the agreed volume. Moscow has previously blamed faulty and delayed equipment for a sharp drop in gas supplies. Germany, however, sees the supply cut as a political maneuver designed to sow uncertainty across the bloc and boost energy prices amid the Kremlin’s offensive against Ukraine. European policymakers are currently struggling to secure gas supplies to underground facilities in order to have enough fuel to keep homes warm in the colder months. These gas injections have grown faster than expected.
“Full Replenishment Mode”
“Europe is in a fully fueled state and not at risk with Russian supplies heading into winter,” Wei Xiong, senior analyst at energy consultancy Rystad Energy, said in a research note. The latest figures compiled by industry group Gas Infrastructure Europe show that overall EU storage levels are on average more than 80% full, while Germany’s underground storage is almost 84%. Rstad’s Xiong said gas storage in Europe was only 66% paid for in the same period in 2021, “although the cost would be significantly lower.” Germany, until recently, bought more than half of its natural gas from Russia. And the government is now scrambling to boost winter gas supplies amid fears Moscow could soon turn off the taps entirely. It had scheduled natural gas storage levels to reach 75 percent by Sept. 1, with subsequent federal targets set at 85 percent by Oct. 1 and 95 percent by Nov. 1. “Timely injections provide some relief to concerns about Russian supply disruptions,” Xiong said. “The risk to European winter supplies remains, however – given low emissions from Russia and intensified maintenance of Nord Stream 1, storage levels could be vulnerable.”
title: “Russia Temporarily Shuts Off Natural Gas Flows To Europe Via Nord Stream 1 Klmat” ShowToc: true date: “2022-10-30” author: “Victor Hague”
Odd Andersen | Afp | Getty Images Russia’s state energy giant Gazprom on Wednesday cut off gas flows to Europe through a major pipeline, citing maintenance work on its only remaining compressor. Natural gas flows through Nord Stream 1, which runs from Russia to Germany via the Baltic Sea, are expected to be suspended from August 31 to September 3. The shutdown had been announced in advance, with Gazprom saying in mid-August that gas flows would be interrupted for a period of three days for maintenance work. Gazprom had previously said that gas transport would resume at a rate of 33 million cubic meters per day when maintenance work is completed “provided no malfunctions are found”. The temporary halt in supplies reflects a deepening gas dispute between Russia and the European Union and highlights both the risk of a recession and winter shortages. Russia has drastically cut gas supplies to Europe in recent weeks, with flows through the Nord Stream 1 pipeline operating at just 20% of the agreed volume. Moscow has previously blamed faulty and delayed equipment for a sharp drop in gas supplies. Germany, however, sees the supply cut as a political maneuver designed to sow uncertainty across the bloc and boost energy prices amid the Kremlin’s offensive against Ukraine. European policymakers are currently struggling to secure gas supplies to underground facilities in order to have enough fuel to keep homes warm in the colder months. These gas injections have grown faster than expected.
“Full Replenishment Mode”
“Europe is in a fully fueled state and not at risk with Russian supplies heading into winter,” Wei Xiong, senior analyst at energy consultancy Rystad Energy, said in a research note. The latest figures compiled by industry group Gas Infrastructure Europe show that overall EU storage levels are on average more than 80% full, while Germany’s underground storage is almost 84%. Rstad’s Xiong said gas storage in Europe was only 66% paid for in the same period in 2021, “although the cost would be significantly lower.” Germany, until recently, bought more than half of its natural gas from Russia. And the government is now scrambling to boost winter gas supplies amid fears Moscow could soon turn off the taps entirely. It had scheduled natural gas storage levels to reach 75 percent by Sept. 1, with subsequent federal targets set at 85 percent by Oct. 1 and 95 percent by Nov. 1. “Timely injections provide some relief to concerns about Russian supply disruptions,” Xiong said. “The risk to European winter supplies remains, however – given low emissions from Russia and intensified maintenance of Nord Stream 1, storage levels could be vulnerable.”
