The resumption of Nord Stream’s work is linked to anti-Russian sanctions. They are to blame for Russia not being able to service the gas turbines, said Dmitry Peskov, Kremlin press secretary, quoted by Interfax.
Peskov continues to claim that “Gazprom” now has only one turbine, “which breaks and that stops the gas supply”. For this, he blamed the Western sanctions that hinder the work of “Nord Stream”, but still expressed hope that the turbine in question can work.
For its part, Europe is convinced that Gazprom and the Russian authorities will use fabricated reasons for technical problems with the pipeline to not deliver gas and use gas exports as pressure on the EU for its support for Ukraine. In addition, Siemens, which owns the turbine, has repeatedly said that Russia is inventing all sorts of legal obstacles to prevent it from accepting the turbine.
Gazprom shut down Nord Stream on August 31 and refused to restart it on September 3, as it had said.
European natural gas futures jumped at the open on Monday after Gazprom shut down Nord Stream entirely. The pipe was the main source of raw material to Germany, which raises concerns about a complete stoppage of Russian supplies in the winter, ekonomik.bg reported.
The Dutch TTF contract for the previous month, which serves as a benchmark for Northwest Europe, jumped 31% before returning slightly to 263 euros per megawatt hour at 10:00 a.m. BST. That’s a 22.5% gain from Friday’s close.