GAZPROM share: GAZPROM plans to shut down Nord Stream 1 for three days at the end of August

The state-owned company GAZPROM announced on Friday that no gas would flow to Germany from August 31 to September 2 due to maintenance work. After that, 33 million cubic meters of natural gas should be delivered daily. This corresponds to the 20 percent of the daily maximum output to which Russia reduced deliveries a few weeks ago.

According to GAZPROM, the only functioning turbine at the Portovaya compressor station will have to be checked and overhauled in the three days. This should be done in cooperation with specialists from Siemens Energy. When asked, Siemens Energy did not comment on GAZPROM’s announcement.

Due to allegedly necessary repairs, GAZPROM had long since throttled the gas flow to 33 million cubic meters. In order to retrieve a turbine repaired in Canada, Germany asked the government in Ottawa for an exemption from sanctions against Moscow. But when the unit was back in Germany, Gazprom showed no rush to install it. GAZPROM spoke of missing papers. The federal government therefore accused Moscow of only pretending to have the technical problems.

Because of the Russian attack on Ukraine, Germany is trying to reduce its dependence on Russian natural gas. Other suppliers are being sought to fill the storage tanks for the heating season. The double pipeline Nord Stream 1 has been transporting gas under the Baltic Sea to Germany since 2011.

/haw/DP/he

MOSCOW (dpa-AFX)

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