 |
Louisiana Light • 12 hours | 75.02 | +0.15 | +0.20% | ||
|
Bonny Light • 1 day | 78.10 | +2.42 | +3.20% | ||
|
Opec Basket • 12 hours | 77.63 | +2.62 | +3.49% | ||
|
Mars US • 19 hours | 71.20 | -0.46 | -0.64% | ||
|
Gasoline • 10 mins | 2.662 | -0.050 | -1.84% |
|
Bonny Light • 1 day | 78.10 | +2.42 | +3.20% | ||
|
Girassol • 1 day | 78.52 | +2.19 | +2.87% | ||
|
Opec Basket • 12 hours | 77.63 | +2.62 | +3.49% |
|
Peace Sour • 11 hours | 67.45 | +0.39 | +0.58% | ||
|
Light Sour Blend • 11 hours | 68.75 | +0.39 | +0.57% | ||
|
Syncrude Sweet Premium • 11 hours | 77.70 | +0.39 | +0.50% | ||
|
Central Alberta • 11 hours | 67.05 | +0.39 | +0.59% |
|
Eagle Ford • 12 hours | 69.68 | +0.39 | +0.56% | ||
|
Oklahoma Sweet • 12 hours | 69.75 | +0.50 | +0.72% | ||
|
Kansas Common • 28 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 12 hours | 79.36 | +3.94 | +5.22% |
Breaking News:
Why The Fed Could Cut Interest Rates As Early As June
Recent economic catalysts could convince…
The Path To True EV Sustainability
While electric vehicles are beneficial…
Argument Over Gas Turbine Continues To Disrupt Russian Gas Flows
The notorious gas turbine that is traveling from Canada to Russia and should lead to increased gas flows via the Nord Stream 1 pipeline has still not reached its destination.
This is the latest update from the Russian gas giant, which blamed Germany's Siemens Energy, the company that sent the turbine to Canada for regular maintenance, for the delay.
Reuters cited a senior Gazprom executive as saying on Russian TV that, "We had counted on receiving one repaired engine from Siemens (Energy) as far back as May, but as of today we haven't got this engine."
The German company, for its part, has said that in order for the final leg of the delivery journey to take place, Gazprom needed to provide it with customs documents.
"The transportation of the turbine could start immediately. The German authorities provided Siemens Energy with all the necessary documents for the export of the turbine to Russia at the beginning of last week," Siemens Energy said earlier this week.
"Gazprom is aware of this. What is missing, however, are the customs documents for import to Russia. Gazprom, as the customer, is required to provide those," the German company also said.
Gazprom, on the other hand, says it needs more documents from Siemens Energy. In a tweet, the company said this week that Canadian documents issued for the transfer of the piece of equipment did not eliminate "the previously identified risks and gave rise to additional questions."
It went on to say that "the issues regarding the sanctions imposed by the EU and the UK remain unsolved for Gazprom although the resolution of such issues is important for delivering the engine to Russia and performing urgent major repair of other turbine engines for the Portovaya CS."
ADVERTISEMENT
"The maintenance of our turbines is and remains a routine procedure. During the last 10 years of maintenance there have been no significant complications," Siemens Energy said in its turn, adding that it had already struck an agreement with the Canadian government for future Gazprom turbine repairs.
By Irina Slav for Oilprice.com
More Top Reads From Oilprice.com:
- Saudi Aramco May Hike Flagship Crude Prices To Record High Over Benchmarks
- TotalEnergies Profit More Than Doubles On High Oil And Gas Prices
- Shell Books Record Profit As Commodity Prices Rally
Irina Slav
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Related posts
Open57.81
Trading Vol.6.96M
Previous Vol.241.7B
The only recent development is Western sanctions imposed on Russia. Therefore, they must be the real reason behind the delay in sending the repaired turbine to Gazprom.
And yet, the EU is blaming Russia for reducing gas supplies to Europe, a very twisted logic if you ask me.
Dr Mamdouh G Salameh
International Oil Economist
Global Energy Expert