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Another Russian missile strike hits Odesa region

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Firefighters work at site of a residential area damaged by a Russia missile strike in the settlement of Zatoka, Odesa region, Ukraine, on July 26.

 

Russian state-owned energy company Gazprom said it will further reduce gas flow through the Nord Stream 1 pipeline on Wednesday as it halts another turbine for repairs.

It comes days after Gazprom resumed gas shipments through the pipeline, a vital artery linking Russia’s vast gas reserves to Europe via Germany. The pipeline had been shut 10 days for scheduled maintenance, and many had feared Russia would not resume deliveries once the work was done.

“Gazprom is shutting down one more gas turbine produced by Siemens at the Portovaya [compressor station],” the Russian company said in a statement on Monday, citing “the technical condition of the relevant machine.”

The head of Germany’s gas regulator, Klaus Muller, confirmed the move in a tweet on Monday.

“According to our information, there is no technical reason for a reduction in gas deliveries via Nord Stream 1,“ the German Ministry of Economy insisted in a tweet on Monday.

“If Russian gas deliveries via Nord Stream 1 continue at this low level, a storage level of 95% by November is hardly achievable without additional measures,“ Germany’s regulatory office for gas and electricity said in a statement Monday.

The country’s Economics Minister Robert Habeck had previously called on Germans to reduce gas consumption in order to get the gas storage facilities as full as possible for the winter.

The receiving station for the Nord Stream 1 natural gas pipeline on July 11, near Lubmin, Germany.
The receiving station for the Nord Stream 1 natural gas pipeline on July 11, near Lubmin, Germany. (Sean Gallup/Getty Images)

Price rises: Germany’s current total gas inventories are at 65.9%, according to the daily figures provided by the government.

The reduction in the gas through the Nord Stream 1 pipeline will also affect the transfer of gas to other European countries such as France, Austria and the Czech Republic.

Wholesale prices have risen noticeably as a result of the reduction in gas supplies and have recently settled at a higher level, Germany’s regulatory office said, warning that “businesses and private consumers must prepare for significantly high gas prices.”

The Nord Stream 1 pipeline delivers 55 billion cubic meters of gas per year, or nearly 40% of the bloc’s total pipeline imports from Russia.

Russia’s response: Kremlin spokesperson Dmitry Peskov said on Monday that a repaired gas turbine for Nord Stream 1 gas pipeline will be installed after all the technical procedures are fulfilled, after which the gas flow to Europe will resume “to the extent that is technologically possible.”

Peskov insisted that the issues with gas supply have nothing to do with politics.

“There is no politics here. These are the consequences of the restrictions that the Europeans themselves have introduced, and the Europeans themselves suffer from these restrictions,” he said, adding that Russia does not want Europe to give up Russian gas.
Moscow will continue to be a “reliable gas supplier,” he said.

 

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