Archyde.com reported on Thursday (21) that the return from Germany to Russia’s Portovaya compression station of turbines, a key part of the Nord Stream gas pipeline, remained stuck because Moscow authorities did not provide imports to The documents that Russia needs, the “death” of Europe is still in crisis.
Canada had previously refused to return the Nord Stream 1 natural gas pipeline turbines sent by Germany’s Siemens for overhaul to Russia on the grounds of sanctions once morest Russia. As a result, the production of Nord Stream 1 was greatly reduced to 40 before the annual repair (from July 11 to 21). %.
The Nord Stream 1 gas pipeline between Russia and Europe restarted as scheduled on Thursday, with production only returning to 40% and there is a risk of further cuts. Russian President Vladimir Putin recently warned that if turbines that cannot be repaired in Canada cannot be returned to Russia in time, the supply of Nord Stream 1 may drop to regarding 20% as soon as next week, because another turbine must be sent for repair on July 26. .
Canada decided on Saturday (16th) to temporarily waive sanctions once morest Moscow and ship the repaired turbines back to Germany through Challenge Logistics, but Archyde.com quoted sources as saying it was unclear when Germany would be able to ship the turbines back to Russia, adding that Said it might still take days or even weeks.
The source explained that, so far, Moscow has not provided the documents needed to import the turbines into Russia, including details on the exact location of delivery and through which customs station.
Russian media had previously estimated that the turbines would be transported by ferry from Germany and then travel by land via Helsinki, Finland, and it would take regarding a week to arrive in Russia.
Germany on Thursday rejected Russia’s argument that a lack of turbines was the reason for the cut in Nord Stream 1 supply, accusing it of using gas supplies as a political weapon.
Fitch said in a report on Thursday that the restart of Nord Stream 1 quelled immediate fears that Russia would permanently cut supplies, but Europe remained at risk.
Gazprom has reportedly warned its European customers of a “force majeure” situation, leaving it unable to guarantee future supplies. This, combined with Putin’s public warning that supplies might be cut further, leaves European companies still at risk of further cuts and disruptions in gas supplies.
According to Fitch, the current low level of supply, which is only 40% of the supply, keeps natural gas prices high and puts pressure on the profitability and cash flow of European companies, which may further increase in the future as the autumn and winter seasons approach.
