Nord Stream 1 will have to close for two weeks. Will the Russians have it reopened afterwards?
GAZPROM GAS PIPELINE NORTH STREAM GAS PLANT PIPE CRANE
Nord Stream 1, one of the main pipelines pumping Russian gas to Europe, will undergo its regular annual maintenance in the summer, the head of the German network regulator said, signaling a period when there will be no gas flows. in the next weeks. This interruption usually lasts 15 days, but will the gas flow again afterwards?
Bundesnetzagentur president Klaus Mueller said on Twitter that this implies that gas storage levels will stagnate during the maintenance period, which he says will last around two weeks.
Pipeline flows are currently the focus of attention due to fears of disruption in the wake of Moscow's invasion of Ukraine. Compared to last year, Russian gas flows have more than halved, putting the German and European supply system in crisis and creating serious doubts about the possibility that these supplies will continue. Here is the official picture of the Russian gas entering Germany, with Yamal at zero, and NS1 already strongly dropped.
Mueller did not provide further details on the planned schedule for the maintenance of the pipeline, which is owned by the Russian company Gazprom (GAZP.MM) and has co-shareholders E.ON (EONGn.DE), Wintershall Dea (WINT.UL) , Engie (ENGIE.PA) and Gasunie GSUNI.IL, but it should be forthcoming. The data available on the Nord Stream 1 website shows that no gas transited through the pipeline in the period 15-22 July 2021, so it is assumed that they correspond to this year's maintenance data. The question that the Germans are asking is: will the flows increase again after maintenance, or will it be the pretext to cancel shipments and exclude us from Russian gas.
On Friday, the Bundesnetzagentur said gas storage levels in Germany stood at 52.93%.
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Nord Stream 1 will have to close for two weeks. Will the Russians have it reopened afterwards? comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/nord-stream-1-dovra-chiudere-per-due-settimane-i-russi-la-faranno-riaprire-dopo/ on Thu, 30 Jun 2022 10:00:16 +0000.