{"id":1571301,"date":"2022-07-26T09:21:55","date_gmt":"2022-07-26T13:21:55","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571301"},"modified":"2022-07-26T09:22:03","modified_gmt":"2022-07-26T13:22:03","slug":"russia-tightens-its-squeeze-on-gas-flow-to-europe","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/russia-tightens-its-squeeze-on-gas-flow-to-europe\/","title":{"rendered":"Russia Tightens Its Squeeze on Gas Flow to Europe"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frussia-tightens-its-squeeze-on-gas-flow-to-europe%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1571301&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><header aria-label=\"Beginning of Article\" class=\"article-header\">\n<nav aria-label=\"Breadcrumb\" class=\"breadcrumbs\">\n<h2 class=\"visually-hidden\">Breadcrumb Trail Links<\/h2>\n<ol class=\"breadcrumbs__items list-unstyled\">\n<li class=\"breadcrumbs__item\"> <a class=\"breadcrumbs__item-link\" href=\"https:\/\/financialpost.com\/category\/pmn\/business-pmn\/\">PMN Business<\/a> <\/li>\n<\/ol>\n<\/nav>\n<div class=\"article-meta\">\n<div class=\"wire-published-by\">\n<p class=\"visually-hidden\">Author of the article:<\/p>\n<p> <img loading=\"lazy\" decoding=\"async\" alt=\"Reuters\" aria-labelledby=\"wire-company-name\" class=\"wire-published-by__logo\" height=\"70\" src=\"https:\/\/secure.gravatar.com\/avatar\/0e5521e933d53566787277062da28f5a?s=70&#038;d=mp\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/0e5521e933d53566787277062da28f5a?s=70&#038;d=mp, https:\/\/secure.gravatar.com\/avatar\/0e5521e933d53566787277062da28f5a?s=140&#038;d=mp 2x\" width=\"70\" \/>  <\/div>\n<\/p><\/div>\n<\/header>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>MOSCOW \u2014 Russia tightened its gas squeeze on Europe on Monday as Gazprom said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20% of capacity.<\/p>\n<p>Gazprom said flows would fall to 33 million cubic meters per day from 0400 GMT on Wednesday because it needed to halt the operation of a Siemens gas turbine at a compressor station on instructions from an industry watchdog.<\/p>\n<p>Germany said it saw no technical reason for the latest reduction, which comes as Russia and the West exchange economic blows in response to what Moscow calls its special military operation in Ukraine.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment5954972403384056559998623940196551\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment5954972403384056559998623940196551\">Advertisement 2<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__label\">\n<p> Story continues below <\/p>\n<\/p><\/div>\n<div class=\"ad__inner\" id=\"ad__inner-2\">\n<div class=\"ad__inner__container\" data-ad=\"[[6,6],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"6x6\" data-ad-loc=\"2\" data-ad-mobile=\"[[6,6],[320,50],[300,50],[300,250],[300,600]]\" id=\"ad-2\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>Nord Stream 1 is the single biggest Russian gas link to Europe, with a capacity of 55 billion cubic meters a year. The Dutch front-month gas contract, the European benchmark, was up 9.2% after the news.<\/p>\n<p>The European Union has repeatedly accused Russia of resorting to energy blackmail, while the Kremlin says the disruption has been caused by maintenance issues and the effect of Western sanctions.<\/p>\n<p>Politicians in Europe have said Russia could cut off gas flows this winter, which would thrust Germany into recession and lead to soaring prices for consumers already grappling with higher prices for food and energy.<\/p>\n<p>Germany was forced last week to announce a $15 billion bailout of Uniper, its biggest company importing gas from Russia.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment1710008118466042851308242263797707\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment1710008118466042851308242263797707\">Advertisement 3<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__label\">\n<p> Story continues below <\/p>\n<\/p><\/div>\n<div class=\"ad__inner\" id=\"ad__inner-3\">\n<div class=\"ad__inner__container\" data-ad=\"[[7,7],[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-interscroller=\"7x7\" data-ad-loc=\"3\" data-ad-mobile=\"[[7,7],[300,250],[320,50],[300,50]]\" id=\"ad-3\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>PUTIN WARNING<\/p>\n<p>President Vladimir Putin warned the West this month that continued sanctions risked triggering catastrophic energy price rises for consumers around the world.<\/p>\n<p>He foreshadowed the latest cut in comments on the Nord Stream 1 compressor last week, when he said: \u201cThere are two functioning machines there. They pump 60 million cubic meters per day \u2026 If one is not returned, there will be one, which is 30 million cubic meters.\u201d<\/p>\n<p>Russia is the world\u2019s second largest oil exporter after Saudi Arabia and the world\u2019s largest exporter of natural gas. Europe imports about 40% of its gas and 30% of its oil from Russia.<\/p>\n<p>Gazprom resumed gas flows via Nord Stream 1 last week after a 10-day maintenance break, but only at 40% of the pipeline\u2019s capacity \u2013 the level Russia had reduced volumes to in June, citing the delayed return of a turbine being serviced in Canada.<\/p>\n<\/section>\n<div class=\"ad__section-border article-content__ad-group\">\n<section aria-describedby=\"advertisment2294030653290439401451340377180038\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment2294030653290439401451340377180038\">Advertisement 4<\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__label\">\n<p> Story continues below <\/p>\n<\/p><\/div>\n<div class=\"ad__inner\" id=\"ad__inner-4\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-loc=\"4\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-4\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<section class=\"article-content__content-group\">\n<h2 class=\"visually-hidden\">Article content<\/h2>\n<p>European politicians have challenged that explanation, with Germany saying the turbine in question was not meant to be used until September.<\/p>\n<p>Gazprom said earlier on Monday it had received papers from Siemens Energy and Canada about the first turbine, but that there were still problems.<\/p>\n<p>\u201cGazprom has studied\u2026the documents, but has to acknowledge that they do not remove the previously identified risks and raise additional questions,\u201d it said in a statement.<\/p>\n<p>\u201cAdditionally, there are still open questions from Gazprom regarding the EU and UK sanctions, the resolution of which is important for the delivery of the engine to Russia and the urgent overhaul of other gas turbine engines for the Portovaya compressor station.\u201d<\/p>\n<p>The Kremlin said earlier that Moscow was not interested in a complete stoppage of Russian gas supplies to Europe, which is rushing to fill its underground storage before the peak demand winter season.<\/p>\n<p>It said Gazprom was not to blame for the storage risks, reiterating its line that Europeans are suffering the consequences of sanctions that they themselves imposed on Russia. (Reporting by Reuters; writing by Mark Trevelyan, editing by Guy Faulconbridge and Barbara Lewis)<\/p>\n<\/section>\n<section class=\"article-content__share-group article-delimiter\" data-evt=\"beforeunload\" data-evt-typ=\"page_scroll\" data-evt-val=\"{\" control_fields>\n<h2 class=\"visually-hidden\">Share this article in your social network<\/h2>\n<\/section>\n<div class=\"article-content__ad-group\">\n<div class=\"ad__section-border ad__section-border--category visually-hidden\">\n<section aria-describedby=\"advertisment8760714911732585818508900353646265\" class=\"ad\">\n<h2 class=\"visually-hidden\" id=\"advertisment8760714911732585818508900353646265\">Advertisement <\/h2>\n<div class=\"ad__container\">\n<div class=\"ad__label\">\n<p> Story continues below <\/p>\n<\/p><\/div>\n<div class=\"ad__inner\" id=\"ad__inner-acceptable\">\n<div class=\"ad__inner__container\" data-ad=\"[[1200,250],[1200,90],[970,90],[970,250],[728,90],[300,250]]\" data-ad-acceptable=\"\" data-ad-loc=\"1\" data-ad-mobile=\"[[320,50],[300,50],[300,250]]\" id=\"ad-acceptable\">\n<div aria-hidden=\"true\" class=\"ad__placeholder\">\n<p> This advertisement has not loaded yet, but your article continues below. <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<\/p><\/div>\n<div class=\"widget article-content__widget-group article-content__widget-group--slot1 article-content__widget-group--no-featured-media\">\n<section aria-labelledby=\"FinancialPostTopStories4240084976653679437071928535095750\" class=\"newsletter-widget fp-headlinenews\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-newsletter=\"single\" data-newsletter-component=\"\" data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\"> <img loading=\"lazy\" decoding=\"async\" alt=\"Top Stories Newsletter logo\" class=\"newsletter-widget__logo newsletter-widget__logo--FP_HeadlineNews\" height=\"80\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/11.1.3\/websites\/images\/newsletters\/logo\/newsletter-envelope.svg\" width=\"97\" \/> <\/p>\n<div class=\"newsletter-widget__body\">\n<h2 class=\"newsletter-widget__title\" id=\"FinancialPostTopStories4240084976653679437071928535095750\">Financial Post Top Stories<\/h2>\n<p class=\"newsletter-widget__text\">Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.<\/p>\n<div class=\"js-replace-main\">  <small class=\"newsletter-widget__disclaimer text-size--micro\"> By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. 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