Gas supplies via Nord Stream from Russia to Germany will resume on time – on Thursday, after the completion of scheduled maintenance, Reuters reports, citing sources.
„It is expected that Russian gas supplies via the Nord Stream gas pipeline will resume on time, on Thursday, after the completion of scheduled maintenance,” the agency said. At the same time, according to them, the gas pipeline will not resume operation at full capacity, but at the same level as it was before July 11, when maintenance began.
Shares of the German concern Uniper jumped 11.6% on the news.
Nord Stream, Gazprom’s main gas supply route to Europe, has been shut down for scheduled maintenance from 11 to 21 July. It includes testing of mechanical components and automation systems, the operator of the highway Nord Stream AG reported.
At the same time, from mid-June, even before the planned repairs, gas supplies through the Nord Stream were carried out in a limited mode – at the level of 40% of the throughput capacity. Gazprom explained this by delays in the repair of German Siemens turbines, which were used at the Portovaya compressor station to supply gas to the pipeline. The current situation has given rise to fears in Europe that after the completion of the maintenance of the Nord Stream, Gazprom will not resume deliveries along the main line at all.
Russia gave no reason for such fears. Press Secretary of the President of the Russian Federation Dmitry Peskov emphasized that the reduction in gas supplies to a number of European countries is due to problems with Siemens turbines, there is nothing deliberate on the Russian side. According to him, these are the consequences of anti-Russian sanctions. Canada, in turn, at the request of Germany, decided to release the equipment of the Russian company from restrictions until the end of 2024. According to media reports, one of the turbines for Nord Stream is already on its way and may return to Russia approximately on July 24.