MNI China Daily Summary: Thursday, December 12

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Nord Stream Turbine Just "Pretext": Habeck

NATURAL GAS

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.
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