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Home Gas/Electricity

The Nord Stream Pipeline could be repaired within a year

by moneymarket
January 17, 2023
in Gas/Electricity
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The Nord Stream Pipeline could be repaired within a year
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The Nord Stream pipeline may be repaired inside a 12 months, however it’s unclear whether or not Germany would need to obtain Russian pure fuel in any respect, stated Klaus-Dieter Maubach, the outgoing CEO at German vitality big Uniper, which was Russia’s high fuel buyer earlier than Moscow minimize off provide through Nord Stream.

 

The Nord Stream Pipeline could be repaired within a year- oil and gas 360

Supply: Reuters

“The primary query that wants answering: what’s the political will on a European stage and in Berlin to convey Russian fuel to Germany?” Maubach stated on the annual Handelsblatt Vitality summit on Tuesday, as carried by Reuters.

Final summer time, the German authorities bailed out Uniper as losses on the German firm continued to mount after Russia slashed fuel deliveries through Nord Stream in June, earlier than chopping off provide in early September.

On the finish of December, it was Uniper, the operator of the Wilhelmshaven import terminal, that welcomed the first tanker carrying liquefied pure fuel (LNG) on the newly opened LNG terminal, with the cargo arriving from the Calcasieu Move export facility in america.

In the meantime, the investigation into the Nord Stream explosions on the finish of September continues amid accusations from Russia that some Western intelligence companies are “hiding one thing.”

Sweden’s refusal to share details about the sabotage of the Nord Stream pipelines is “puzzling,” and withholding the outcomes of the investigation implies that “Swedish authorities are hiding something,” Russia’s Overseas Ministry spokeswoman Maria Zakharova stated final week.

Traces of explosives have been discovered close to the websites of the explosions on the Nord Stream 1 and Nord Stream 2 fuel pipelines within the Baltic Sea, Sweden stated in November, noting that the incident is “gross sabotage.”

Nord Stream 2 was by no means put into operation after Germany axed the certification course of following the Russian invasion of Ukraine. Russia, for its half, shut down Nord Stream 1 indefinitely in early September, claiming an incapacity to restore fuel generators due to the Western sanctions.

By Tsvetana Paraskova for Oilprice.com



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