Thursday, September 29

German gas buyers resume nominations for Russia’s Nord Stream 1 – data


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German buyers of Russian natural gas resumed nominations for supply on the Nord Stream 1 pipeline for the first time since the crucial pipeline was shut down for maintenance about three weeks ago, according to German pipeline data.

Russia halted flows via the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, on Aug. 31 for what was supposed to be three days of maintenance.

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Nominations are requests for a supply of gas and are not indications that gas is actually flowing on the system.

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Buyers nominated for 3,652,554 kilowatt hours per hour (kwh/h) of gas between 08:00-09:00 CET on Sept. 19 for delivery to the OPAL gas pipeline in eastern Germany, data on the OPAL pipeline website showed.

Buyers for the NEL gas pipeline nominated 14,291,845 kwh/h of gas during the same time period, according to data from NEL.

Moscow has blamed sanctions, imposed by the West after Russia invaded Ukraine, for hampering routine operations and the maintenance of Nord Stream 1. Brussels says this is a pretext and Russia is using gas as an economic weapon to retaliate.

European gas prices have more than doubled from the start of the year amid a decline in Russian supplies.

President Vladimir Putin on Friday denied Russia had anything to do with Europe’s energy crisis, saying that if the European Union wanted more gas it should lift sanctions preventing the opening of the Nord Stream 2 pipeline.

(Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Christopher Cushing and Christian Schmollinger)



financialpost.com

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