Nord Stream 1 Farm

Gazprom announces the closure of Nord Stream 1 for an indefinite period. The EU criticizes this decision but is not surprised. For her, it is a means of pressure exerted by the Kremlin.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Nord Stream 1 is closed for an indefinite period. Gazprom cites technical reasons for the closure. The EU strongly criticizes this decision and maintains the accusation that the closure is a means of political pressure.

Nord Stream 1 closure does not surprise the EU

Recently, Gazprom said it had found an oil leak in the last operational turbine of the Portovaya station. This statement supported the closure of Nord Stream 1. However, the Russian company says that it will resume gas delivery as soon as possible.

Gazprom maintains its statement about maintenance problems. It also states that Siemens was involved in the maintenance and approved the detection of the oil leak. However, Siemens claims that this leak is not a sufficient reason to completely cut off the flows via Nord Stream 1.

Faced with this situation, the EU does not seem surprised. In fact, the reduction of flows from Russia and the context of war lighten these actions. In addition, it sees the current context as an opportunity to accelerate its energy independence from Russia. Objective amply put forward in the REPowerEU plan and sanctions against the Kremlin.

Charles Michel, President of the European Council, says on this subject

“Gazprom’s decision is unfortunately not a surprise. Using gas as a weapon will not change the EU’s determination. We will accelerate our path to energy independence.”

Eric Mamer, spokesman for the European Commission also spoke on this subject. He reiterates the unreliability of the Gazprom company and underlines the cynicism of the Russian plan to cut off the gas.

Responses to the threat of shortages

Nevertheless, the threat of a gas shortage has allowed European countries to take action. Indeed, circumstances have prompted Germany to fortify alternatives to Russian gas to ensure supply. Thus, the country’s gas stocks are at 84.3%. The goal is to reach 85% by October.

Each European country has adopted a strategy. Some are turning to the development of renewable energy, others are diversifying their sources of supply, and still others are turning to energy sources that they had abandoned.

At the same time, the G7 countries have stated that they want to keep the pipeline closed. This after agreeing on a plan to cap Russian oil prices. The President of the European Commission, Ursula Von der Leyen, is also calling for a price cap.

Poland’s gas market remains highly concentrated around Orlen, which controls imports, production, and distribution, while Warsaw targets internal and regional expansion backed by new infrastructure capacity and demand from heat and power.
SLB OneSubsea has signed two EPC contracts with PTTEP to equip multiple deepwater gas and oil fields offshore Malaysia, extending a two-decade collaboration between the companies.
US-based CPV will build a 1,350 MW combined-cycle natural gas power plant in the Permian Basin with a $1.1bn loan from the Texas Energy Fund.
Producers bring volumes back after targeted reductions, taking advantage of a less discounted basis, expanding outbound capacity and rising seasonal demand, while liquefied natural gas (LNG) exports absorb surplus and support regional differentials.
Matador Resources signs multiple strategic transportation agreements to reduce exposure to the Waha Hub and access Gulf Coast and California markets.
Boardwalk Pipelines initiates a subscription campaign for its Texas Gateway project, aiming to transport 1.45mn Dth/d of natural gas to Louisiana in response to growing energy sector demand along the Gulf Coast.
US-based asset manager Global X has unveiled a new index fund focused on the natural gas value chain, capitalising on the growing momentum of liquified natural gas exports.
US producer Amplify Energy has announced the full sale of its East Texas interests for a total of $127.5mn, aiming to simplify its portfolio and strengthen its financial structure.
Maple Creek Energy has secured the purchase of a GE Vernova 7HA.03 turbine for its gas-fired power plant project in Indiana, shortening construction timelines with commercial operation targeted for 2029.
Talen Energy has finalised a $2.69bn bond financing to support the purchase of two natural gas-fired power plants with a combined capacity of nearly 2,900 MW.
Excelerate Energy has signed a definitive agreement with Iraq’s Ministry of Electricity to develop a floating liquefied natural gas import terminal at Khor Al Zubair, with a projected investment of $450 mn.
Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —
A record expansion of liquefied natural gas (LNG, gaz naturel liquéfié — GNL) capacity is reshaping global supply, with expected effects on prices, contractual flexibility and demand trajectories in importing regions.
The Philippine government is suspending the expansion of LNG regasification infrastructure, citing excess capacity and prioritising public investment in other regions of the country.
Caracas suspended its energy agreements with Trinidad and Tobago, citing a conflict of interest linked to the foreign policy of the new Trinidadian government, jeopardising several major cross-border gas projects.
TotalEnergies is asking Mozambique for a licence extension and financial compensation to restart its $20 billion gas project suspended since 2021 following an armed attack.
An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.
QatarEnergy has acquired a 40% stake in the North Rafah offshore exploration block, located off Egypt’s Mediterranean coast, strengthening its presence in the region in partnership with Italian group Eni.
The U.S. Department of Energy has given final approval to the CP2 LNG project, authorising liquefied natural gas exports to countries without free trade agreements.
LNG Energy Group finalised a court-approved reorganisation agreement in Colombia and settled a major debt through asset transfer, while continuing its operational and financial recovery plan.

All the latest energy news, all the time

Annual subscription

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2€/month*
then 14.90€ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.