Monday, July 25, 2022

Europe prices surging after Gazprom’s questions about turbine return - TASS

Gas prices in Europe gained more than 2% amid questions and risks stated by Gazprom in respect of the Nord Stream pipeline turbine return, according to ICE data.

August futures on the TTF humb in the Netherlands increased to $1,800 per 1,000 cubic meters or 170 euro per MWh, more than 6% in total from the day start,

Gazprom has received documents from Siemens on return of the Nord Stream turbine from Canada, but they still do not mitigate earlier identified risks, the Russian gas holding said earlier.

The gas pipeline is operating at 40% (67 mln cubic meters per day) from the maximal capacity due to untimely return of gas turbine by Siemens after repair because of Canada’s sanctions against Russia.

2 comments:

  1. Russia’s Gazprom PJSC said it has received some paperwork related to the delayed delivery of a turbine for the Nord Stream natural gas pipeline, while adding that some additional issues with the equipment still remain.

    “After studying the documents, Gazprom had to conclude that they do not eliminate the previously identified risks and give rise to additional questions,” the company said in a statement on Twitter.

    “In these circumstances, Gazprom has again requested that Siemens provide prompt support in obtaining the required documents and clarifications so that the pending issues can be solved,” it added.

    Siemens officials weren’t immediately available for comment. The turbine helps pump gas through the Nord Stream network.

    ReplyDelete
  2. Gazprom to halt another Nord Stream turbine

    From 07:00 am Moscow time on July 27, the daily capacity of the Portovaya compressor station will drop to 33 million cubic meters per day from 67 mln cubic meters daily at present.

    ReplyDelete

Only News

Featured Post

US Democratic congresswoman : There is no difference between 'moderate' rebels and al-Qaeda or the ISIS

United States Congresswoman and Democratic Party member Tulsi Gabbard on Wednesday revealed that she held a meeting with Syrian Presiden...

Blog Widget by LinkWithin