Russian gas supplies to the EU via Nord Stream 1 will be stopped for three days due to scheduled turbine maintenance, Gazprom says. A three-day stoppage for repairs will begin on August 31, the Russian energy major says.
Russian energy giant Gazprom announced on Friday that transit of natural gas to the European Union via the Nord Stream 1 pipeline will be halted from August 31 to September 2 for maintenance.
“On August 31, the only working Trent 60 gas compressor unit will be shut down for three days for maintenance,” the company stated, noting that all repairs will be carried out jointly with specialists from the German manufacturer, Siemens, RT reports.
European natural gas prices closed at new record highs today… and that was before news of a new gas flow halt by Gazprom was announced.
The Russia gas producer said in a statement that it will halt gas flows via Nord Stream on Aug. 31 for 3 days as the single functioning gas turbine at Portovaya’s compressor station requires planned maintenance.
“It is necessary to carry out maintenance every 1,000 hours” of operation, Gazprom said in a statement.
On an oil barrel equivalent basis, EU Nattie uis now trading at triple the US equivalent (which is also at its highest since 2008)
Upon work completion and absence of technical malfunctions of the turbine, gas flows will be restored to 33mcm/day.
As a reminder, flows are already at just 40% of capacity…
Finally, note that this decision comes after news that Putin will attend the G-20 meeting (much to Washington’s chagrin)…
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