• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days Does Toyota Know Something That We Don’t?
  • 20 hours America should go after China but it should be done in a wise way.
  • 7 days World could get rid of Putin and Russia but nobody is bold enough
  • 9 days China is using Chinese Names of Cities on their Border with Russia.
  • 10 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 10 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 10 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 9 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 11 hours How Far Have We Really Gotten With Alternative Energy
  • 10 days Putin and Xi Bet on the Global South
  • 10 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 11 days United States LNG Exports Reach Third Place
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Precious Metal Investors Face Continued Turbulence

Precious Metal Investors Face Continued Turbulence

Precious metal prices experienced downward…

The Oil Market Is Tightening to 2016 Levels

The Oil Market Is Tightening to 2016 Levels

The IEA has revealed that…

Russia Says It Can't Help With Nord Stream Gas Turbine Repairs

There is little Russia can do to help with repairs of equipment at Nord Stream compressor stations, according to Kremlin spokesman Dmitry Peskov.

The situation with the necessary repairs needs to be resolved, but Russia can do little in this regard, Peskov told Russian reporters on Monday.  

The Kremlin doesn't have anything to add to what Gazprom has already said: there are equipment failures necessitating urgent repairs, and there are additional "artificial difficulties" caused by the "illegal sanctions and restrictions," Peskov added.

The gas turbine manufacturer, Siemens Energy, has said, for its part, that it hadn't received any reports from Gazprom about malfunctions, and so it had to assume the equipment was operating normally.

Last week, natural gas prices in Europe soared to records after Russia said that gas supply via Nord Stream would be cut to just 20% of the pipeline's capacity, days after Gazprom restarted the pipeline at 40% capacity after regular 10-day maintenance. The Russian explanation for the even lower gas flows to Europe was that another turbine at a compressor station was sent for repairs, while the one that Canada returned from repairs has yet to be installed.

Russia's Gazprom said this weekend it halted gas supplies to Latvia "due to a violation of the conditions established for gas withdrawal," without elaborating what the violation was. This made Latvia another EU member state with supply from Russia cut off. Latvia said the Russian move would have little impact on its gas supply.

Meanwhile, the EU urges member states and EU consumers to voluntarily reduce gas and energy consumption to give countries a chance to fill their gas storage sites in time for the winter heating season.

As of July 30, the EU's storage was nearly 69% full, according to data from Gas Infrastructure Europe. Storage in Germany, the biggest European economy and the biggest buyer of Russian gas, was also above 68%. The target is the EU to have gas storage 80% full by October and preferably 90% by November.

ADVERTISEMENT

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Wayne Hawthorne on August 02 2022 said:
    Has anyone in Europe been informed that Canada has ethically produced natural gas and oil available? Why do they insist on buying blood-oil?

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News