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Key Russian Pipeline Resumes Pumping Gas To Europe

Key Russian Pipeline Resumes Pumping Gas To Europe

Russia has restarted its supply of gas to Europe through its biggest pipeline, Nord Stream 1, following a 10-day maintenance break.

There had been fears Moscow may not have resumed the flow in response to EU sanctions over the war in Ukraine.

Yesterday, the European Union urged countries to reduce fuel prices by 15% over the next 7 months in case Russia cut the European supply.

In 2021, Russ supplied Europe with 40% of its natural gas. Previously, Germany had been largest importer in 2020. However, the country reduced its dependency on Russian gas from 55% to 35%.

Germany intends to eventually stop using gas from Russia altogether. This is majorly because it thought the Russian cut would become permanent.

Russia’s President Vladimir Putin has sought to play down fears. He is telling reporters that state gas firm Gazprom would fulfil all its contractual obligations.

Early morning on Thursday, the pipeline resumed operations, but a spokesman said it was only delivering 40% of its capacity.

This is the same level at which it operated in mid-June when Gazprom cut gas flows blaming a delay in the return of equipment being serviced by Germany’s Siemens Energy.

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