Nord Stream 1 is the main route for the transport of Russian gas to the European Union, and the West sees the curtailment of these supplies as Moscow’s response to anti-Russian sanctions triggered by Russia’s invasion of Ukraine. The outage raised the risk of gas shortages in Europe in the coming winter.
Gazprom manager Vitaly Markelov said last week that the delivery of a turbine for the Nord Stream 1 gas pipeline from Canada to Germany after maintenance was not in accordance with the contract. He added that Gazprom repeatedly complained to the partner company Siemens Energy, which corrected no more than a quarter of the detected errors.
The maximum transport capacity of Nord Stream 1 is up to 167 million cubic meters per day. However, Gazprom already reduced the volume of deliveries to 67 million cubic meters per day in mid-June. At the time, he justified it by technical problems in connection with the compressor turbine, which the German company Siemens Energy sent to Canada for repair and then had problems returning it due to anti-Russian sanctions.
The Nord Stream 1 submarine gas pipeline, which is 1,222 kilometers long and has been in operation since 2011, runs from Vyborg in Russia to Lubmin near Greifswald in northern Germany. From Germany, gas pipelines are connected to Nord Stream 1 to other countries of the European Union, including the Czech Republic.
Stock market prices continue to rise
Reuters reported on Monday that Gazprom did not reserve any additional capacity in the auction for the fourth quarter of this year for the transit of Russian gas through Veľké Kapusany on the Slovak-Ukrainian border, nor through the Ukrainian transit point of Suža.
Meanwhile, the price of gas for the European market for delivery in September is increasing. Around midday, it moved below 200 euros (almost five thousand crowns) per megawatt hour (MWh) in the virtual trading hub Title Transfer Facility (TTF) in the Netherlands, showing growth of more than four percent.
A year ago, gas in TTF cost around 24 euros/MWh, but it rose sharply even before Christmas. According to some analysts, it was a reaction to the European Union’s energy policy, which is pushing for a rapid shift away from fossil fuels.