Russian gas supplies through Nord Stream collapse by 20%
As of June 13, 2022, Russian natural gas supplies to Europe through Nord Stream 1 fell by 20%, down to 113 mcm, according to current data. This is the lowest value since July 2021, when the pipeline was scheduled to stop for the annual technical inspection.
It should be noted that the annual scheduled maintenance of the pipeline, with a complete halt of gas transmission, this year is scheduled for July 11-21, 2022.
Today, Gazprom announced the causes for the reduction in the natural gas supplies - the inability to load the compressor station (CS) "Portova". Thus, according to Gazprom, the German company Siemens returned gas pumping units (GPUs) out of time. The reduction is also related to the development of the service life of the GPA and the identified technical malfunctions of the engines.
Due to this, only 3 GPAs currently operate at the Portova CS. The supply of natural gas through Nord Stream can be up to 100 mcm per day, while the planned volume is 167 mcm.
Natural gas prices in Europe reacted to the news of reduced Russian gas supplies with the growth . For example, the July 2022 futures on the Dutch TTF on Tuesday rose above 93.00 €/MWh,or by 12% higher than on this Monday.