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Sweden Finds A Fourth Leak In Nord Stream Pipelines

Sweden Finds A Fourth Leak In Nord Stream Pipelines

Sweden’s Coast Guard has discovered…

Gazprom Will Halt Nord Stream Gas Flows On Aug 31

Gazprom will stop all gas flows to Europe via the Nord Stream pipeline from August 31 until September 2, Russia's gas giant Gazprom announced on Friday.

The reason for the 3-day suspension of gas flows via the pipeline would be due to maintenance work at the Trent 60 gas compressor station, which would be carried out with Siemens.

The maintenance was not planned and is expected to escalate tensions between Russia and the EU, and squeeze Germany, already in the midst of an energy crisis, by restricting gas supplies even more.

Flows via Nord Stream have been reduced since mid-June after regularly scheduled maintenance continues to drag out over a gas turbine that was repaired by Siemens but never put back into operation.

Siemens claims that the work on the turbine has been complete for weeks, and that it has been waiting in Germany for Gazprom to supply the necessary customs documents for its return. Gazprom, however, has stated that Siemens has not provided it with the necessary documents that would allow the turbine to be returned despite sanctions. The feud—which has now spilled over into Twitter with the two sides battling about the turbine by posting playlists for the lonely turbine—would be comical if it weren't for the havoc the reduced gas shipments have had on Europe's gas prices.

Before the original turbine was sent off for repair, Germany warned that Russia may not resume the flow via Nord Stream when the repair work was complete—retaliation for the sanctions against Moscow.

"Based on the pattern we've seen, it would not be very surprising now if some small, technical detail is found and then they could say 'now we can't turn it on any more'," Germany said at the time. As it turns out, that "small, technical detail" is the hiccup in the return of the turbine.

By Julianne Geiger for Oilprice.com

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  • George Doolittle on August 21 2022 said:
    *"just in case no one thought Putin and his Kleptocrats were predictable enough already!"* now we have this as well.

    At some point this type of ahem *"forward guidance"* ahem will lead to an *EPIC* price collapse as all the *WORLD* outside of the USA is now on a Total War Footing and must be that adjusted to *TO INCLUDE ALL OF RUSSIA AND TURKEY* now too. I can't think of anything that Russia exports at the moment that anyone even in Russia needs at the moment least of all natural gas and even less so than that *"natural gas energy product to Western Europe"* /Germany.

    Germany only has an energy crisis by choice not because of some long term structural issue same said be true of France, Poland, Great Britain, Denmark, Norway, Sweden, Finland, Romania, Bulgaria...even Greece in point of fact.

    Certainly not Spain.
    *MAYBE* Italy.

    Meanwhile those who actually *"run Russia"* (nomenklatura) meaning *"those with expertise"* appear to the last and of course best have already fled.

    Unlike the 3rd Reich which could point to an ideological existential threat to Germany to the very end ("beyond 1945") Putin has none of that in declaring outright War for Ukraine to create some mindless *"Putania!"* there...this is a very recent development btw.

    Why such a change goes wholly unremarked upon by *ANYONE* in point of fact is quite remarkable.

    Talk about a shortage of physical US cash Dollars upon the Earth quite suddenly yet of course also ability to borrow in said global reserve currency.

    Plus you do get an actual return on said cash as money in the Bank as well! Presumably rule of Law in the USA still applies as well...or at least ahem *"not the Russian Chinese variant"* ahem.

    Good luck being long Canadian Loonies at the moment!
  • DoRight Deikins on August 19 2022 said:
    No one is really surprised.

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