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The Nord Stream Pipeline Could Be Repaired Within A Year

The Nord Stream pipeline can be repaired within a year, but it’s unclear whether Germany would want to receive Russian natural gas at all, said Klaus-Dieter Maubach, the outgoing CEO at German energy giant Uniper, which was Russia’s top gas customer before Moscow cut off supply via Nord Stream.

“The first question that needs answering: what’s the political will on a European level and in Berlin to bring Russian gas to Germany?” Maubach said at the annual Handelsblatt Energy summit on Tuesday, as carried by Reuters.

Last summer, the German government bailed out Uniper as losses at the German company continued to mount after Russia slashed gas deliveries via Nord Stream in June, before cutting off supply in early September.

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At the end of December, it was Uniper, the operator of the Wilhelmshaven import terminal, that welcomed the first tanker carrying liquefied natural gas (LNG) at the newly opened LNG terminal, with the cargo arriving from the Calcasieu Pass export facility in the United States.

Meanwhile, the investigation into the Nord Stream explosions at the end of September continues amid accusations from Russia that some Western intelligence services are “hiding something.”

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Sweden’s refusal to share information about the sabotage of the Nord Stream pipelines is “puzzling,” and withholding the results of the investigation means that “Swedish authorities are hiding something,” Russia’s Foreign Ministry spokeswoman Maria Zakharova said last week.

Traces of explosives were found near the sites of the explosions at the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea, Sweden said in November, noting that the incident is “gross sabotage.”

Nord Stream 2 was never put into operation after Germany axed the certification process following the Russian invasion of Ukraine. Russia, for its part, shut down Nord Stream 1 indefinitely in early September, claiming an inability to repair gas turbines because of the Western sanctions.   

By Tsvetana Paraskova for Oilprice.com

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  • Mamdouh Salameh on January 17 2023 said:
    One salutary lesson emerged from the global energy crisis is that energy security and the energy needs of the economy take precedence over climate changes dictates and energy transition. This became blatantly obvious when the EU who has been lecturing the world on daily basis on energy transition and climate change resorted to coal and resurrected coal-powered electricity plants to meet its energy needs in the face of skyrocketing energy prices.

    This lesson will soon become clearer to the EU members if the global energy crisis continues for the future with energy prices continuing to soar. That will be the time when they realize how much they are missing and needing the cheap Russian piped gas supplies compared with the exorbitant prices they are paying for US LNG supplies.

    And that will be the time when Nord Stream 1 and Nord Stream 2 are repaired in anticipation of resuming the transport of Russian gas to the EU whether America likes or not.

    The Europeans know that their economies, prosperity and high standard of living were made possible by cheap Russian gas supplies and they will also realize that their economies could be rebuilt on the back of Russian gas.

    The word ‘never’ doesn’t exist in politics.

    Dr Mamdouh G Salameh
    International Oil Economist
    Global Energy Expert

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