Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict

Russian energy giant Gazprom is planning to further cut gas supplies to Germany and Europe through the Nord Stream 1 pipeline by 20%.

Effective from 27 July 2022, the supply will be reduced by almost half from the current 67 million cubic metres per day to 33 million cubic metres per day.

The Nord Stream 1 pipeline is said to be the single biggest Russian gas link to Europe and resumed operations last week following a ten-day maintenance period. It has been operating at pre-maintenance levels of 40%.

Gazprom’s latest decision comes as it plans to halt the operation of one of the last two operating turbines at the Portovaya compressor station as a result of the “technical condition of the engine”.

The Russian gas export monopoly said on Twitter that it received documents from Siemens Energy and Canada, but that ‘they do not eliminate the previously identified risks and gave raise to additional questions’.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The firm said questions remain over sanctions by the EU and UK, stating ‘the resolution of which is important for the delivery of the engine to Russia and the urgent overhaul of other gas turbine engines for the Portovaya compressor station’.

In response to Russia’s decision, Germany said it saw ‘no technical reason’ for the gas supply capacity reduction by the Russian firm, reported Reuters.

Amid concerns about Russia’s reduced gas deliveries, the European Commission recently urged its member states to reduce gas usage by 15% from August 2022 to March 2023, compared to usage in the same period of 2016-2021, to avoid winter supply shortages.