Russian gas flows set to resume, data shows

Russian gas flows set to resume, data shows
Russian gas flows set to resume, data shows
  • Deliveries of Russian gas via Nord Stream 1 are expected to resume on Saturday as planned, according to network data.
  • Gazprom has shut down pipeline flows to Europe, already at just 20% capacity, for maintenance.
  • The news comes as a relief for European countries scrambling to secure their energy supplies ahead of winter.
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Russia appears set to resume natural gas deliveries to Europe via the Nord Stream 1 gas pipeline on Saturday as planned, lifting some of the pressure on a continent struggling with a deepening energy crisis.

Network data suggests flows will restart after a three-day shutdown, with the pipeline operating at 20% of normal capacity, as before the shutdown.

The data comes as a relief for European countries scrambling to secure key natural gas supplies ahead of a winter surge in demand.

Many fear Russia will continue to choke off gas flows, and a senior minister said on Thursday that Germany could not count on state-controlled Gazprom not to completely halt Nord Stream 1 deliveries in the coming months.

The state-owned energy giant said it halted gas flows through the key pipeline on Wednesday for scheduled maintenance work. In July, it cut Nord Stream 1 capacity to 20%, saying it was awaiting delivery of a repaired part.

The French energy minister, like many of her European counterparts, accused Moscow of using the gas supply “as a weapon of war”. Russia is seen as squeezing energy supplies to exert economic pressure on Europe, in retaliation for Western sanctions over its war on Ukraine.

European natural gas prices fell Friday on Nord Stream 1 news, with benchmark Dutch TTF futures on the ICE exchange down nearly 12% to less than 215 euros ($215) per megawatt hour. .

Meanwhile, European stocks rallied on hopes of relief from the energy crisis. The continent’s flagship index, the Stoxx 600, was up 0.49% at last check, while Frankfurt’s DAX 40 gained 1.36%.

Read more: This map shows where Europe gets its natural gas – and why economic disaster looms if Russia cuts its fuel supply

The article is in French

. flows gas Russian should resume according to the data

. Russian gas flows set resume data shows

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