Russian Gazprom has officially halted gas supplies to Europe via the Nord Stream 1 pipeline, cutting off flows completely to Germany for a period of maintenance that began at 01:00 GMT Wednesday and is scheduled to end at 01:00 GMT on Saturday.
Fears are mounting across the European Union that Russia will delay flows beyond September 3rd as the Kremlin continues to use natural gas as a weapon against Western sanctions – an allegation Moscow has repeatedly denied.
Gazprom has said the cutoff would be temporary, as planned, noting that the pipeline would restart after three days “provided that no malfunctions are identified”, as reported by the New York Times.
Once flows are restored in three days, according to Gazprom, it will be 20% of the pipeline’s capacity – the same level of capacity since flows were restored following July’s maintenance.
This is the second time in as many months that Gazprom has halted supplies on the Nord Stream 1 pipeline. In July, flows were halted for maintenance for a period of 10 days, but capacity was limited, with Gazprom claiming paperwork delays for a turbine held up by sanctions in Canada, and Europe claiming Moscow was using this move in a game of leverage.
Europe has been scrambling to fill its gas storage ahead of the winter months and is now on track to achieve its goals two months ahead of schedule.
Inventory data from Gas Infrastructure Europe on Sunday showed that the European Union had filled its winter reserves to 79.94%, while it is targeting 80% by the first of November, according to Business Insider.
The European Union is closer to potentially intervening in the bloc’s electricity market as energy prices soar ahead of what would be a difficult winter for EU consumers and businesses.
Earlier this week, European Commission President Ursula von der Leyen said the bloc was working out an emergency plan for intervening in energy markets, saying that soaring electricity prices were “exposing, for different reasons, the limitations of our current electricity market design”.
“We need a new market model for electricity that really functions and brings us back into balance,” the EC president said.
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.