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Gazprom: Siemens Energy ready to repair Nord Stream 1 ‘but no room for work’

Russia's Gazprom said today that Siemens Energy was ready to help repair damaged equipment for the Nord Stream 1 gas pipeline, but there was nowhere available to carry out the work, Reuters reports. In a statement, Gazprom...

Siemens: Russia and Siemens Energy led to Q3 losses

Siemens reported quarterly losses for the first time in the last 12 years between April and June, despite strong demand from the industrial sector, thanks to the blow it suffered from its investment in Siemens Energy...

Solz: Nord Stream 1 turbine is ready and can be delivered to Gazprom – Russia’s problem is ‘political’

"The turbine is working and can be moved and used at any time," Chancellor Olaf Solz said, referring to the technical problem that Gazprom is citing to limit the supply of natural gas to the Nord...

Gazprom insists: Siemens is responsible for not having received the Nord Stream turbine

A senior official at Russia's state-controlled Gazprom said today that the company is still waiting for the return of Siemens Energy's turbine for the Nord Stream 1 pipeline, blaming the delay on the German company. However, Siemens...

18% rally in natural gas after Gazprom ‘scissors’ in Germany

LAST UPDATE 17:10 Russia's Gazprom announced today that it had reduced its gas supply capacity to Germany by more than 40% via the Nord Stream gas pipeline, as the German group Siemens did not export the necessary...

Siemens: Particularly positive operating performance and growth in the second quarter of fiscal year 2022

In the second quarter of 2022 (January - March), Siemens continued its growth and achieved strong operating performance, as stated in its announcement. "The increase in orders and revenue once again reflects our customers' confidence in our...