The Nord Stream Pipeline Could Be Repaired Within A Year

The Nord Stream Pipeline Could Be Repaired Within A Year

Authored by Tsvetana Paraskova via OilPrice.com,

The Nord Stream pipeline can be repaired within a year, but it’s unclear whether Germany would want to receive Russian natural gas at all, said Klaus-Dieter Maubach, the outgoing CEO at German energy giant Uniper, which was Russia’s top gas customer before Moscow cut off supply via Nord Stream.

“The first question that needs answering: what’s the political will on a European level and in Berlin to bring Russian gas to Germany?” Maubach said at the annual Handelsblatt Energy summit on Tuesday, as carried by Reuters.

Last summer, the German government bailed out Uniper as losses at the German company continued to mount after Russia slashed gas deliveries via Nord Stream in June, before cutting off supply in early September.

At the end of December, it was Uniper, the operator of the Wilhelmshaven import terminal, that welcomed the first tanker carrying liquefied natural gas (LNG) at the newly opened LNG terminal, with the cargo arriving from the Calcasieu Pass export facility in the United States.

Meanwhile, the investigation into the Nord Stream explosions at the end of September continues amid accusations from Russia that some Western intelligence services are “hiding something.”

Sweden’s refusal to share information about the sabotage of the Nord Stream pipelines is “puzzling,” and withholding the results of the investigation means that “Swedish authorities are hiding something,” Russia’s Foreign Ministry spokeswoman Maria Zakharova said last week.

Traces of explosives were found near the sites of the explosions at the Nord Stream 1 and Nord Stream 2 gas pipelines in the Baltic Sea, Sweden said in November, noting that the incident is “gross sabotage.”

Nord Stream 2 was never put into operation after Germany axed the certification process following the Russian invasion of Ukraine. Russia, for its part, shut down Nord Stream 1 indefinitely in early September, claiming an inability to repair gas turbines because of the Western sanctions.  

Tyler Durden
Sun, 01/22/2023 – 08:45

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