Russian gas monopoly Gazprom (MCX:GAZP) said on Wednesday it wouldn’t guarantee the resumption of gas shipments to Europe through its pipelines, despite recent political decisions in Canada allowing the return of key compression equipment from maintenance.
Under pressure from European allies in the throes of an energy crisis, the Canadian government had agreed to a waiver of its sanctions on Russia, allowing German engineering company Siemens Energy (ETR:ENR1n) to ship the equipment back to the Portovaya compression station. Gazprom had blamed its decision to cut gas supplies to Germany by 60% in June on the absence of that equipment – an explanation that Berlin had rejected as false and politicized. Gazprom has refused to reroute contracted supplies to Europe through other pipelines, without giving any explanation.
“Gazprom does not possess any documents that would enable Siemens to get the gas turbine engine for the Portovaya CS (compression station) out of Canada, where it is currently undergoing repairs,” the Russian gas monopoly said in a statement. “In these circumstances, it appears impossible to reach an objective conclusion on further developments regarding the safe operation of the Portovaya CS, a facility of critical importance to the Nord Stream gas pipeline.”
As with its initial explanation, Gazprom’s statement is likely to be taken by European governments as a pretext for keeping the gas taps to Europe shut, raising the pressure on the West to abandon its support for Ukraine.
Nord Stream, the pipe that transports Russian gas under the Baltic Sea directly to Germany, was shut down completely at the start of this week for a period of scheduled maintenance that typically lasts around 10 days.
Benchmark European natural gas futures rose another 4.6% on Wednesday to trade at 180 euros a megawatt-hour, as the prospect of gas rationing during the coming winter moved closer to becoming a reality.
Gazprom’s statement came barely an hour after the European Union made concessions to Russia, ruling that sanctioned goods can pass through EU territory to the Russian exclave of Kaliningrad, which is sandwiched between EU members Lithuania and Poland. Lithuania had blocked the transport of such goods a couple of months ago, with the EU’s backing. On Wednesday, however, the European Commission ruled that rail shipments from mainland Russia and Belarus can continue, as long as they do not contain military goods.
Lithuania had tightened its restrictions on transit earlier this week, extending them to include concrete, wood, alcohol and alcohol-based industrial chemicals.
Kremlin spokesman Dmitry Peskov said that the EU’s concessions still didn’t resolve the issue.
It’s much worse than they thought. Needs more repairs.
Nobody could have predicted this.
Afters Scholz and Baerbock listend to Putins lies and get fooled, they now did it again…
Reminds me on ‘The Rabbi’ from Lucky Number Slevin:
>>My father used to say: “The first time someone calls you a horse you punch him on the nose, the second time someone calls you a horse you call him a jerk but the third time someone calls you a horse, well then perhaps it’s time to go shopping for a saddle.”<<
Hahahaha, who could have guessed…
Note to self: buy more blankets. Winter is coming! Buckle up boiz
Someone had to choose between disgrace and no gas, now they have both.
Yeah, and the train rails right into your enclave are sadly broken, sorry.
inb4 Russia gets invaded for their gas and oil
You have chosen shame over no gas, and now you will get both
Oh well, it’s going to suck but I’m ok with it as long as not 1 euro goes to Russia.
I’m digging in my savings to install solar this summer and stop heating my water with gas.
We can use this crisis to invest in green self sufficient energy. It’s going to be painful but that’s OK.
“Sorry Germany, to safely get this gas pipeline operational again we need to have these sanctions lifted so we can purchase the specialty tools and services needed to make repairs. You understand, right? You are so good at engineering and manufacturing equipment, Germany! Can we work out a deal?” -Russia
who would have guessed…..
German industry is about to take a massive kick to the balls
Also there is no way in hell russia would self sabotage their energy export intentionally like this. Especially during a time of sanctions +war. This means they’ve found alternative buyers??
Well, we can’t guarantee those train tracks to Kaliningrad will be whole… maybe RuSSia needs to ship all the crap there
Germany just doesn’t want to learn that you just don’t do business with genocidal dictatorships. They just keep fucking you over.
What Greeks did to themself with debt and unreasonable spending, Germans did to themself with Gas and unreasonable geopolitics.
Funniest part of it is we act toward Germans like they did to the Greeks posters here back in the day when it was a big topic.
and they dont like it very much, karma is a bitch isint it lmao
17 comments
Russian gas monopoly Gazprom (MCX:GAZP) said on Wednesday it wouldn’t guarantee the resumption of gas shipments to Europe through its pipelines, despite recent political decisions in Canada allowing the return of key compression equipment from maintenance.
Under pressure from European allies in the throes of an energy crisis, the Canadian government had agreed to a waiver of its sanctions on Russia, allowing German engineering company Siemens Energy (ETR:ENR1n) to ship the equipment back to the Portovaya compression station. Gazprom had blamed its decision to cut gas supplies to Germany by 60% in June on the absence of that equipment – an explanation that Berlin had rejected as false and politicized. Gazprom has refused to reroute contracted supplies to Europe through other pipelines, without giving any explanation.
“Gazprom does not possess any documents that would enable Siemens to get the gas turbine engine for the Portovaya CS (compression station) out of Canada, where it is currently undergoing repairs,” the Russian gas monopoly said in a statement. “In these circumstances, it appears impossible to reach an objective conclusion on further developments regarding the safe operation of the Portovaya CS, a facility of critical importance to the Nord Stream gas pipeline.”
As with its initial explanation, Gazprom’s statement is likely to be taken by European governments as a pretext for keeping the gas taps to Europe shut, raising the pressure on the West to abandon its support for Ukraine.
Nord Stream, the pipe that transports Russian gas under the Baltic Sea directly to Germany, was shut down completely at the start of this week for a period of scheduled maintenance that typically lasts around 10 days.
Benchmark European natural gas futures rose another 4.6% on Wednesday to trade at 180 euros a megawatt-hour, as the prospect of gas rationing during the coming winter moved closer to becoming a reality.
Gazprom’s statement came barely an hour after the European Union made concessions to Russia, ruling that sanctioned goods can pass through EU territory to the Russian exclave of Kaliningrad, which is sandwiched between EU members Lithuania and Poland. Lithuania had blocked the transport of such goods a couple of months ago, with the EU’s backing. On Wednesday, however, the European Commission ruled that rail shipments from mainland Russia and Belarus can continue, as long as they do not contain military goods.
Lithuania had tightened its restrictions on transit earlier this week, extending them to include concrete, wood, alcohol and alcohol-based industrial chemicals.
Kremlin spokesman Dmitry Peskov said that the EU’s concessions still didn’t resolve the issue.
It’s much worse than they thought. Needs more repairs.
Nobody could have predicted this.
Afters Scholz and Baerbock listend to Putins lies and get fooled, they now did it again…
Reminds me on ‘The Rabbi’ from Lucky Number Slevin:
>>My father used to say: “The first time someone calls you a horse you punch him on the nose, the second time someone calls you a horse you call him a jerk but the third time someone calls you a horse, well then perhaps it’s time to go shopping for a saddle.”<<
Hahahaha, who could have guessed…
Note to self: buy more blankets. Winter is coming! Buckle up boiz
Someone had to choose between disgrace and no gas, now they have both.
Yeah, and the train rails right into your enclave are sadly broken, sorry.
inb4 Russia gets invaded for their gas and oil
You have chosen shame over no gas, and now you will get both
Oh well, it’s going to suck but I’m ok with it as long as not 1 euro goes to Russia.
I’m digging in my savings to install solar this summer and stop heating my water with gas.
We can use this crisis to invest in green self sufficient energy. It’s going to be painful but that’s OK.
“Sorry Germany, to safely get this gas pipeline operational again we need to have these sanctions lifted so we can purchase the specialty tools and services needed to make repairs. You understand, right? You are so good at engineering and manufacturing equipment, Germany! Can we work out a deal?” -Russia
who would have guessed…..
German industry is about to take a massive kick to the balls
Also there is no way in hell russia would self sabotage their energy export intentionally like this. Especially during a time of sanctions +war. This means they’ve found alternative buyers??
Well, we can’t guarantee those train tracks to Kaliningrad will be whole… maybe RuSSia needs to ship all the crap there
Germany just doesn’t want to learn that you just don’t do business with genocidal dictatorships. They just keep fucking you over.
What Greeks did to themself with debt and unreasonable spending, Germans did to themself with Gas and unreasonable geopolitics.
Funniest part of it is we act toward Germans like they did to the Greeks posters here back in the day when it was a big topic.
and they dont like it very much, karma is a bitch isint it lmao