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Free AccessNord Stream Turbine Just "Pretext": Habeck
The gas turbine issue on Nord Stream 1 is just a pretext according to German Economy Minister Robert Habeck today.
- "We are in a gas trade dispute with Putin and this won't stop, even if the turbine does come from Canada," he said at a Sueddeutsche newspaper event.
- "All agree, the technicians, Russian technicians, that Nord Stream 1 could now supply 100% gas. There is an excuse, a technical pretext that is taken," Habeck added.
- Germany is concerned about filling its gas storage ahead of winter now that Russian gas flows on the Nord Stream 1 pipeline are running at 40%.
- Germany’s Uniper has been pushed to begin bailout talks with the German government this week after they were forced to buy gas on the spot market to cover the Russian shortfall and have been left unable to pass on the increased costs to consumers.
To read the full story
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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.