Russia S Gazprom Shuts European Gas Pipeline Indefinitely As Energy Crisis Escalates

The decision was immediately condemned in capitals across the continent, but despite the anger, Gazprom’s decision will raise fears that Europe, which has long relied on Russian energy, faces a harsh winter ahead, which also includes the limitation and potentially crippling value. goes up. The 1,200-kilometer underwater natural gas link, which runs under the Baltic Sea near St. Petersburg to northeastern Germany, was due to reopen on Saturday after several days of maintenance work. But the energy giant, seen by many critics as a tool of Russian foreign policy, said on social media that the pipeline, which can send a maximum of 170 million cubic meters of natural gas each day, would remain closed indefinitely. because the engineers suddenly discovered an oil leak. Gazprom said on social media that the leak was discovered in a vital turbine and had identified “malfunctions”. He did not give a timetable for reopening. It added that it had detected oil leaks from four turbines at the Portovaya compressor station on the Russian end of the pipeline, including the only operational one. Russia’s Gazprom announces Nord Stream 1 gas pipeline to Europe will remain completely shut down indefinitely (Getty Images/iStockphoto) It also claimed to have received warnings from Russia’s industrial safety agency that the leaks “do not allow safe, trouble-free operation of the gas turbine engine.” “In connection with this, it is necessary to take appropriate measures and suspend the further operation of the … gas compressor unit in connection with the identified gross (safety) violations,” the company said. In recent weeks, Nord Stream 1 has been operating at only 20 percent of capacity. The European Commission’s chief spokesman, Eric Mummer, said the decision was made under “false pretenses” and demonstrated the “unreliability” of Gazprom as a supplier. He added that it is yet another “proof of Russia’s cynicism”. European countries have been scrambling to find extra supplies of natural gas since Russia invaded Ukraine in February. Many have bought expensive liquefied gas that comes by ship from countries including Qatar, while additional supplies have come by pipeline from Norway and Azerbaijan. Friday’s announcement by the Russian gas giant came hours after G7 finance ministers agreed on a global price ceiling for Russian oil and oil products. The cap will be implemented by introducing a ban on providing services, such as insurance and financing, to vessels carrying Russian-origin crude oil and related products at prices above the permitted price. In a statement, the G7 nations – the US, UK, France, Germany, Italy, Canada, Japan and the EU – said the cap was “specifically designed to reduce Russian revenues and Russia’s ability to finance its offensive war while limiting the impact of Russia’s war on global energy prices.” That and Russia’s swift response will raise tensions as energy becomes the last proxy line in the battle between Moscow and its growing number of European adversaries over the invasion and war in Ukraine. It could also see another devastating rise in gas prices, threatening poverty for millions, which is already affecting many countries that do not depend on Russian gas, such as the UK. Experts have warned of an imminent “catastrophe” for millions in Britain, amid calls for the government to come up with an urgent plan to protect people and businesses from the impending crisis. UK Chancellor Nadim Zahawi said on Twitter that the cap was an “important measure” that would “reduce Russian revenues and moderate the impact of Putin’s war on global energy prices to support the most vulnerable”. Meanwhile, US Treasury Secretary Janet Yellen said on Friday that Russia would find it advantageous to sell oil at a price capped by Western countries, because otherwise it would have to shut down production and its ability to restart production would suffer permanent damage. Yellen told MSNBC in a live interview that the G7 price cap plan would reduce funds available for Moscow’s war in Ukraine. “They will do much better financially if they choose to sell at the price ceiling than if they lock in this oil,” he said of Russia.

title: “Russia S Gazprom Shuts European Gas Pipeline Indefinitely As Energy Crisis Escalates Klmat” ShowToc: true date: “2022-11-11” author: “Bryan Simpson”

title: “Russia S Gazprom Shuts European Gas Pipeline Indefinitely As Energy Crisis Escalates Klmat” ShowToc: true date: “2022-11-06” author: “Joey Berry”

title: “Russia S Gazprom Shuts European Gas Pipeline Indefinitely As Energy Crisis Escalates Klmat” ShowToc: true date: “2022-12-11” author: “Ranae Russell”