Page 4 - FSUOGM Week 30 2022

FSUOGM COMMENTARY FSUOGM

Gazprom to cut Nord Stream 1 flows

again to only 20% of capacity

There are heightened fears in Europe that Gazprom will cut off supply via the

pipeline completely.

EUROPE RUSSIAN natural gas flow via the Nord Stream when the compressor was sent to Canada but not
pipeline to Europe will be restricted further returned by Siemens, due to sanctions.
WHAT: to only just above 20% of its capacity from the Canada has since decided to return the com-
Gazprom has cut supply morning of July 27, Gazprom said on its Tele- pressor in the hope that Gazprom will boost
via the Nord Stream to gram channel on July 25, prompting a spike in gas flows again to 100% capacity and the EU
20% of its capacity. European gas prices. has ruled that the decision “does not violate
Gazprom said that the further curtailment sanctions.”
WHY: in gas flow through the pipeline was due to the However, Gazprom has said that it has no
Russia blames the stalled shutdown of an additional Siemens gas turbine received the documents and while the compres-
return of a Siemens at the Portovaya compressor station that handles sor left Canada on July 17 it has still not arrived
turbine, but it could Nord Stream supplies. in Russia. Once it does it will still take several
send more gas via other “Due ot the expiration of prescribed time days to install it.
routes. before overhaul (in line with the Rostechnad- Gazprom said on July 25 that it has now
zor notification and taking into account the received the documentation from Siemens
WHAT NEXT: technical condition of the relevant machine), provided by authorities in Canada, relating to a
Moscow is likely to Gazprom is shutting down one more gas turbine turbine needed for the Nord Stream 1. But the
increase gas pressure on engine produced by Siemens at the Portovaya gas company has said there are still outstanding
Europe ahead of winter. CS,” Gazprom said in a statement on its Telegram “issues” that need to be resolved for the turbine’s
channel. return to Russia.
“The daily throughput of the Portovaya CS Russian business daily Kommersant reported
from 7:00am (Moscow time) July 27 will be up on July 24 that Siemens had transferred an
to 33 million cubic meter,” the Russian gas giant export licence issued by Canada to Gazprom
added. relating to the turbine. But in order for Siemens
The pipeline is already working at no more to ship the unit from Germany, where it has
than 40% of its capacity because of the delayed already arrived, to Russia, the documents must
return of a Siemens turbine that had been sent be adjusted further.
off to Canada for repair. Gazprom reduced flows “In addition, the issues regarding the sanc-
of gas to Europe by 60% in the middle of June tions imposed by the EU and the UK remained

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