RT.com
23 Jun 2022, 20:19 GMT+10
Planned annual maintenance will take place from July 11 to July 21
The German government is alarmed over upcoming maintenance at a major Russian pipeline, fearing that the flow of gas will not be turned back on, the Financial Times reported on Thursday.
According to the paper, last week's 60% reduction of gas flow by Gazprom due to a technical issue with parts adds to fears that the supply may be shut down completely. This comes as Europe is trying to top up its gas reserves ahead of the winter season.
Gazprom's Nord Stream 1 gas pipeline undergoes maintenance every year in mid-July. The dates for the work were confirmed earlier this month to take place from July 11 to July 21, with Germany's Federal Network Agency warning that during the 10-day period transporting gas through the pipeline would be impossible.
In recent years, the maintenance-related shortfall in supplies via Nord Stream was compensated by increased flows through Ukraine or Poland. However, various officials and industry representatives told the FT they feared that Russia may not do that this time, leaving the continent to face gas shortages.
The German government on Thursday declared the second "alarm" level of its three-level gas emergency plan. According to the Federal Network Agency, the situation with gas supply is currently stable but if Russian supplies via the Nord Stream 1 pipeline remain at the current low level Germany will struggle to fill its storage to 90% by December without additional measures.
For more stories on economy & finance visit RT's business section
Get a daily dose of Europe Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Europe Sun.
More InformationWASHINGTON, D.C.: The U.S. National Transportation Safety Board (NTSB) has called for urgent safety checks on 68 bridges, including...
WASHINGTON, D.C.: U.S. Interior Secretary Doug Burgum has announced plans to open more land for oil and gas drilling in Alaska and...
WASHINGTON, D.C.: Ten Democratic lawmakers in the U.S. House of Representatives have asked the Pentagon to reduce military training...
TORONTO, Canada: An initial investigation into last month's dramatic Delta Air Lines crash-landing in Toronto has revealed that the...
NEW YORK CITY, New York: New York State's highest court has struck down a law this week that would have allowed over 800,000 legal...
The death toll in Gaza on the weekend has passed 50,000, local health authorities have reported. What started the carnage was the Hamas-led...
NEW YORK CITY, New York: StubHub is getting ready to hit the trading floor. The popular ticketing platform has officially filed to...
NEW YORK, New York - The rally in U.S. stocks petered out Tuesday, however tech stocks made a modest gains, while the industrials edged...
CALGARY, Canada: Canada's carbon pricing policy, long a central pillar of its climate strategy, is facing mounting pressure as political...
NEW BRUNSWICK, New Jersey: Johnson & Johnson is ramping up its U.S. investments even as global trade tensions resurface with plans...
WASHINGTON, D.C./DUBAI: The United Arab Emirates is significantly expanding its financial footprint in the U.S. with a new investment...
NEW YORK, New York - Investors bought up stocks on U.S. markets Monday after President Donald Trump indicated he may pull back on some...