Germany expects Canada to release crucial Nord Stream pipeline part

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Germany's government said Friday it received "positive signals" that Canada had decided to return a gas turbine to Russia that is said to be needed for the maintenance of the Nord Stream 1 gas pipeline, Reuters reports.

Russian gas firm Gazprom (OTCPK:OGZPY) cut capacity along the Nord Stream 1 pipeline to just 40% of normal levels last month, citing the delayed return of equipment being serviced by Germany's Siemens (OTCPK:SIEGY) in Canada.

The turbine would be sent to Germany, which would then deliver it to Gazprom so Canada does not breach any sanctions, according to Reuters.

The return of the gas turbine would allow gas flows to Europe to be increased, a Kremlin spokesman said.

European natural gas prices are headed for a fourth straight week of increases, with rising fears that full flows from Russia will not return even after the Nord Stream work is completed.

Many officials from Western countries have said Russia is lying when it claims the big drop in gas exports to Europe was caused by technical reasons.

Comments

[kiriak]

It is time to admit that European leaders are deteriorating the economy of their countries in a terrible manner. Time to admit that following the NATO recomendations to sanction and forbid Russian energy, has become a tremendous desaster. Time to say that they have been very stupid to accept these sanctions driven by the US. It is time to say that the ultra high real inflation is provoking chaos and poverty. Time to say that these "leaders" are stupid and useless. And time to say that their sanctions are seriously affecting the savings and investments of citizens who are not involved at all with the war

[mtriver]

Why Russia even bothers selling to other Europe countries US British are the ones make it harder then it is already

[Joe de Mencia]

castreau don't want that smoke

[michi1711]

It is time to put Nord Stream 2 in operation.

[adria.nature]

so turbines are in maintenance in west and not sent back to nordstream yet, therefore flows are lower due to this technicality

while
"Many officials from Western countries have said Russia is lying when it claims the big drop in gas exports to Europe was caused by technical reasons."

i fully dislike the russian agression in ukraine, but can any of the western news be believed as well?

or like twain said.
"if you dont read the news you are uninformed, if you read the news you are misinformed"

[vooch]

@adria.nature

NS1 has 6 compressor trains, apparently 2 are out. One train is the one held hostage by Canada and the other is being serviced in country. That jives with the 40% of max flow rate.

[Frugal_guy]

@adria.nature
I would laugh out loud, if now Russia says: "Meanwhile, we have set our own sanctions, we can not break. From now on, we exchange what you want for something what we want, and it is not your worthless FIAT money! Lets talk about technology."

[kmi]

Political doublespeak for "we all got together and decided it was the best thing to do, but no one wants to take the credit explicitly cause it likes like we are breaking our own sanctions"

Germany is looking at the abyss right now, with no way to secure the energy it needs not just for warmth in the winter but to keep the motor of its industrial manufacturing base running. As the biggest wallet in the EU that's a problem for the EU at large.

It will need to keep the pipes open and the fossil fuel burning if it wants to avoid absolute collapse.