Siemens Energy accuses Gazprom of lying over the closure of the Nord Stream 1 pipeline

Gazprom (GAZP.MM.) stated that an engine oil leak was found at the Portovaya compressor stations’ last turbine. However, it does not mean that there is a technical reason to stop operation said Siemens Energy.

“Loss of water in turbines is not a problem and can be repaired on-site. The company stated that it is routine maintenance work.

Gazprom stated that Nord Stream 1’s pipeline, which Portovaya is filling would remain closed for the time being. This effectively extended an outage that was supposed to end at 0100 GMT on Sept 3.

“In the past, this type of leakage has not caused a shutdown of operations.” Siemens Energy does not have a contract to perform maintenance work at the moment, but is available for standby,” the company stated.

Siemens Energy stated, “Irrespective of this, we have already repeatedly pointed out that there are sufficient turbines at the Portovaya compressor stations for Nord Stream 1 operation to operate,”

Ursula von der Leyen, chief of the European Union Commission, said that the bloc should place a price limit on Russian pipeline gas in order to stop what she called Russian President Vladimir Putin’s attempts at manipulating the market.

Gas prices have soared, hurting European industry as well as households. They rose first because of recovering demand following the pandemic, then they rose further due to the Ukraine crisis.

Von der Leyen stated that “the electricity market is not working anymore because it’s massively disrupted by Putin’s manipulations.” He also suggested that a European gas price cap for Russian pipeline supplies might be considered.

Dmitry Medvedev, a former Russian president, stated that Moscow would cut off supplies to Europe if Brussels placed such a limit.

Well, it looks like they have already done that, and when you think over the last few decades of love between Russia and Germany over energy deals have now all ended in tears.


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