Putin signals Nord Stream pipeline will restart, but wants turbine back in Russia

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Putin signals Nord Stream pipeline will restart, but wants turbine back in Russia
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After frantic diplomatic efforts by Germany, the turbine is on its way to Russia from Canada

“If another comes, two will operate. If not, just one, so 30 million cubic meters will be pumped per day,” he told reporters after a summit in Iran late Tuesday.

“It’s absolutely clear that Moscow is cutting supplies for geopolitical reasons — it wants to create a European gas crisis this winter to bring Europe to its knees to the point where it cuts support to Ukraine,” said Tim Ash, a senior strategist at Bluebay Asset Management.Article content “What Gazprom is going to do tomorrow is your best guess as well as ours,” said European Commission spokesman Eric Mamer. “What is clear is that when we are preparing winter contingency plans, we base ourselves on the worst possible scenario.”Article content

Portovaya has six major gas turbines, enabling it to build sufficient pressure to send gas over such a long distance. Only two of those units were operating before Nord Stream shut for maintenance earlier this month, according to Gazprom. The other components needed to be serviced by their manufacturer, Siemens Energy AG.Article content

German officials plan to wait until at least Monday to take stock of any potential cut in shipments. Even if flows return at reduced rates, the rift between Russia and the EU over energy supplies remains.

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