“The productive capacity of the Portovaya compression station will increase to 33 million m3 on July 27 at 0700” (0400 GMT), Gazprom said in Telegram, which represents around 20% of the pipeline’s capacity, compared to 40% current. European gas prices rose 10% after the announcement.
The new supply hit comes at a time of high tension as Russia and the West trade economic blows in response to Moscow’s actions in Ukraine. The European Union has accused Russia of resorting to energy blackmail, while the Kremlin says the gas outage is due to maintenance problems and the effect of Western sanctions.
Gazprom said output from Wednesday would be reduced to 33 million cubic meters a day, just half of the already reduced current supply.
European politicians have repeatedly warned that Russia could cut off gas flows this winter, a move that would push Germany into recession and cause prices to rise for consumers already grappling with higher food prices. and energy.
President Vladimir Putin warned the West this month that continued sanctions could lead to a catastrophic rise in energy prices for consumers around the world.
Russia is the world’s second largest exporter of oil, after Saudi Arabia, and the world’s largest exporter of natural gas. Europe imports about 40% of its gas and 30% of its oil from Russia.
Gazprom resumed supply via Nord Stream 1 last week after a 10-day maintenance break, but only at 40% of the pipeline’s capacity.
Russia has said it was forced to cut gas volume to that level in June because Western sanctions were delaying the return of the turbine from Canada.
European politicians have disputed that explanation, with Germany saying the turbine in question was not to be used until September.
Source: Ambito
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