What’s the Nord Stream 1 pipeline, and why is it necessary to Europe?

Russia on Wednesday halted gasoline provides to Europe by way of Nord Stream 1 for 3 days, citing upkeep points. The Russian state vitality firm Gazprom has mentioned that there will likely be no gasoline provide to Germany till September 3.

“In the course of the three-day (August 31 to September 2, 2022) upkeep of the Trent 60 DLE gasoline compressor unit, the gasoline provide by way of the Nord Stream gasoline pipeline will likely be suspended,” the corporate mentioned in an announcement on August 19. Upkeep will likely be accomplished by Gazprom collectively with Siemens.

In July, it was closed for ten days for annual upkeep. Upkeep was often accomplished quietly up to now. However with the pipeline changing into the bargaining chip between Russia and the West, the corporate’s bulletins have now been made public.

What’s Nord Stream 1?

Nord Stream 1 is the most important pipeline transporting pure gasoline between Russia and Europe by way of Germany. It runs from Vyborg in Russia to Greifswald in Germany. In 2021, Russia provided about 40 % of the EU’s pure gasoline by way of this pipeline.

It’s primarily owned by Gazprom. Nord Stream’s twin pipeline system can transport 55 billion cubic meters of gasoline from Russia to Europe by way of the Baltic Sea.

In June, Moscow lower provides by way of Nord Stream by as much as 40 %. This was additional lowered to twenty per cent in July.

With the pipeline, Russia has fully lower off provides to Denmark, Bulgaria, Finland, the Netherlands and Poland, a Reuters report mentioned.

Flows by way of the Nord Stream play an necessary function in filling the nationwide storage tanks of Germany and the European Union. You will need to present the mandatory heating within the coming winter.

In accordance with Reuters, 83.26 % of Germany’s 85 % storage goal as of October 1 has already been stuffed. However the goal of 95 per cent by November 1 could also be troublesome.

For the EU, the required storage stage is nearing 80 per cent completion, with 79.94 per cent already full.

What’s the politics round Nord Stream 1?

In July Dmitry Peskov acknowledged that Moscow doesn’t intend to fully lower off gasoline provide by way of Nord Stream 1. However “if Europe continues its course of totally reckless imposition of sanctions and sanctions, the scenario might change.”

Russia is utilizing provides by way of the pipeline essential to navigating its financial system by way of Western sanctions imposed in response to its invasion of Ukraine in February.

Ukraine’s President Volodymyr Zelensky mentioned in July that Putin was making an attempt to wage an “open warfare” towards Europe by utilizing the pipeline.

Why is the pipeline necessary to Germany?

Power costs in Germany, Europe’s largest financial system, are among the many lowest within the continent. This has been made attainable because of the low cost gasoline provide by way of Nord Stream 1. This makes German manufactured items extra aggressive within the worldwide market. The Russian risk to chop off this gasoline provide to Europe presents an financial risk to Germany.

To broaden its choices and double the provision from Russia, Germany determined to construct Nord Stream 2. Nevertheless it was stopped after Russia’s assault on Ukraine in February.

In response, Dmitry Medvedev, the previous President of Russia and now Deputy Chairman of the Safety Council, tweeted, “Welcome to the courageous new world the place Europeans are going to pay 2,000 Euros per thousand cubic meters very quickly!”

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