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Free AccessNord Stream 1 Turbine Remains in Germany
The turbine that Russia has claimed is the reason Nord Stream 1 is running at reduced capacity is stuck in Germany according to Reuters sources because Russia has so far not given the go-ahead to transport it back.
- Nord Stream 1 is currently operating at 40% capacity after Russia resumed flows yesterday following planned maintenance.
- It is unclear when the turbine will begin its transit to Russia. Russia have also claimed documentation from Siemens Energy needed to reinstall it was still missing.
- Germany Economy Minister Robert Habeck said on the matter "Sometimes one has the impression that Russia no longer wants to take it back" adding, "That means the pretext of technical problems actually has a political background, and that is the opposite of being a guarantor for energy security in Europe."
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.