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Canada Searching for Nord Stream Equipment Options

NATURAL GAS
Political RiskCommoditiesPolitical Risk BulletEnergy BulletsBullet

Canadian authorities are continuing to negotiate with the German government this week in search for ways to deliver Nord Stream gas pipeline equipment to Russia without breaking sanctions.

  • "We are talking to Germany, trying to find a pathway through which we can actually enable the flow of gas," Canadian Natural Resources Minister Jonathan Wilkinson said on the matter this week, adding "That being said, the intent of the sanctions was never to cause significant pain to Germany, which is one of our closest friends and allies. So we are very seized with this issue,"
  • Russia have claimed the inability for Canada to send the equipment is responsible for the reduction in flows on the Nord Stream 1 pipeline to Germany which have resulted in the German government announcing its stage 2 emergency status today.
  • Germany has been receiving around 40% of the requested gas volumes on the Nord Stream 1 pipeline since last week, leading to fears they will not be able to sufficiently fill domestic gas storage ahead of winter which could result in gas rationing across the country.
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Canadian authorities are continuing to negotiate with the German government this week in search for ways to deliver Nord Stream gas pipeline equipment to Russia without breaking sanctions.

  • "We are talking to Germany, trying to find a pathway through which we can actually enable the flow of gas," Canadian Natural Resources Minister Jonathan Wilkinson said on the matter this week, adding "That being said, the intent of the sanctions was never to cause significant pain to Germany, which is one of our closest friends and allies. So we are very seized with this issue,"
  • Russia have claimed the inability for Canada to send the equipment is responsible for the reduction in flows on the Nord Stream 1 pipeline to Germany which have resulted in the German government announcing its stage 2 emergency status today.
  • Germany has been receiving around 40% of the requested gas volumes on the Nord Stream 1 pipeline since last week, leading to fears they will not be able to sufficiently fill domestic gas storage ahead of winter which could result in gas rationing across the country.