A section of the Nord Stream pipeline at the port of Lubmin, Germany. File photograph: Lena Mucha/The New York TimesThe European Union expects Russia to respect existing energy contracts but is prepared to meet the challenge if it fails to do so, Economic Commissioner Paolo Gentiloni said on Saturday.
He pointed to high gas storage levels across the EU and plans to cut energy consumption as a sign that the continent was preparing for what will be a tough winter. Russia’s Gazprom said on Saturday Siemens was ready to carry out repairs on the Nord Stream 1 pipeline but there was nowhere available to carry out the work, a suggestion Siemens denied and said it had not been asked to do the job.
Before the latest round of maintenance, Gazprom had already cut flows to just 20 per cent of the pipeline’s capacity. “Irrespective of this, we have already pointed out several times that there are enough additional turbines available in the Portovaya compressor station for Nord Stream 1 to operate,” a spokesperson for the company said.
The coming Russians oil price cap has to be the stupidest economic plan in modern history . 90% of the world is ignoring it and it will make worldwide oil prices go through the roof. The Russians logically are going to cut off energy supplies to any country sign up to it
Why should Russia bow to the EU? The EU is arming Ukraine, this is the price they pay for supporting Zelensky's nazis.
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