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Nord Stream Updates Expected Outage To April 1

ENERGY
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  • Reuters reports that Nord Stream AG, the operator of the Russia-led Nord Stream 1 gas pipeline, has "updated the end date of the unplanned outage at the Greifswald exit in Germany to April 1, next year."
  • Nord Stream 1 was shut down for repairs on Aug. 31, but never restarted and was subsequently damaged by explosions in September.
  • EU gas exchanges closed but little impact on US Henry Hub prices from a substitution perspective.
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  • Reuters reports that Nord Stream AG, the operator of the Russia-led Nord Stream 1 gas pipeline, has "updated the end date of the unplanned outage at the Greifswald exit in Germany to April 1, next year."
  • Nord Stream 1 was shut down for repairs on Aug. 31, but never restarted and was subsequently damaged by explosions in September.
  • EU gas exchanges closed but little impact on US Henry Hub prices from a substitution perspective.