Russia cuts gas supply and Nord Stream 1 operates at 20% capacity

Russian state-owned Gazprom has imposed a further cut on gas flows to Europe through the Nord Stream 1 pipeline, which now operates at 20% of maximum capacity, German network operator Gascade said in a statement on Wednesday.

The state-owned energy company said on Monday that gas flows would be reduced by shutting down a turbine for repairs.

German Economy Minister Robert Habeck reacted strongly on Monday, saying there was “no technical reason for a reduction in deliveries”.

Gas was flowing at 40% of capacity after Russia cut exports in response to Western sanctions.

To avoid a winter gas shortage, Germany is currently trying to fill up its gas storage facilities as quickly as possible. The facilities are currently filled to about 66% of capacity, according to the German gas and electricity regulator.

On Tuesday, European Union (EU) energy ministers agreed to a voluntary target of reducing gas use by 15% between August and March 2023 in order to prepare for winter.

Gas prices have risen more than 20% since the start of the week.

Source: CNN Brasil

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