Home Latest News European gas buyers show brief interest in shuttered Nord Stream gas

European gas buyers show brief interest in shuttered Nord Stream gas

German buyers on Monday briefly reserved capacity to receive Russian gas via the Nord Stream 1 pipeline for the first time since the line was shut down three weeks ago, German data showed, but this was later revised and no gas has been flowing.

It was not immediately clear why buyers had submitted requests for capacity when Russia has given no indication since it shut the line that it would restart any time soon.

Russia, which had supplied about 40% of the European Union’s gas before the Ukraine conflict, has said it closed the pipeline because Western sanctions hindered operations. European politicians say that is a pretext and accuse Moscow of using energy as a weapon. read more

Nord Stream AG told Reuters it could not confirm the submitted nominations, or requests for gas, via the Nord Stream 1 pipeline for Monday.

Early on Monday, requests for gas – known as nominations – had emerged to ship gas via the German pipelines which connect Nord Stream 1 to end users.

But a spokesperson for German pipeline operator Gascade said the nominations had been “renominated” at zero, which effectively means there is no gas flowing via Nord Stream 1.

Nominations were visible on the websites of the German pipelines connecting Nord Stream 1 to end users, while the website of the Nord Stream 1 operator showed no nomination requests as of early Monday.

Source : reuters.com

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