Gas Through Nord Stream 1 Flows at Reduced 20 Pct Capacity | News | teleSUR English

Natural gas deliveries from Russia to Germany via the Nord Stream 1 pipeline were further reduced on Wednesday to 20 percent of capacity. The decision also affects the transfer of gas to countries such as France and Austria

Russian state-owned energy company Gazprom announced the reduction on Monday citing a missing turbine. Apart from a 10-day shutdown for maintenance work earlier this month, gas flows through the strategically important pipeline had already been reduced to 40 percent.

European gas Title Transfer Facility (TTF) futures were trading at around US$230 per megawatt hour on Wednesday, three times the price before the start of the Russia-Ukraine conflict. Prices for energy products in Germany have been rising sharply and were up 38 percent year-on-year in June. Heating oil prices more than doubled, while natural gas was around 61 percent more expensive.

Gas Through Nord Stream 1 Flows at Reduced 20 Pct Capacity | News | teleSUR English