Russia slashes Nord Stream gas supply to Europe – POLITICO


Flows by the Russia-to-Germany Nord Stream pipeline will fall to about 20 p.c capability starting Wednesday, Russian provider Gazprom stated Monday.

Flows will fall to 33 million cubic meters a day, about half of present quantities, that are solely about 40 p.c of the pipeline’s regular capability. Nonetheless, Kremlin spokesperson Dmitry Peskov stated Russia is “not ” in reducing off gasoline provides.

Moscow has come below hearth for halting or lowering gasoline deliveries to a dozen EU international locations.

Russian President Vladimir Putin had beforehand warned of the Nord Stream drop, blaming the delayed return of a Siemens gasoline turbine from Canada; the turbine is now in Germany.

Germany’s local weather and financial affairs ministry stated in an emailed assertion that below EU sanctions legislation, no exemption is required for the turbine to be despatched again to Russia. “In response to our info, there isn’t any technical motive for a discount in deliveries,” it stated.

Russian President Vladimir Putin had beforehand warned of the Nord Stream drop | Ozan Kose/AFP through Getty Photos

Ukraine has repeatedly decried Russia blaming supply cutbacks on the turbine, saying Gazprom might ship gasoline by pipelines operating throughout Ukraine.

Oleksii Makeiev, Ukraine’s particular envoy on sanctions, informed POLITICO Monday that Berlin and Ottawa have been fallacious to offer a sanctions exemption for the turbine, saying Russia is “utilizing gasoline provides as one other instrument of stress on Germany.”

Spot gasoline costs on the EU benchmark TTF hub rose barely on the information, from €168 per megawatt-hour to €176/MWh.

Zia Weise contributed reporting.

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