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Progress made on parts delay for major Russian gas project – media

Paperwork still needs to be amended for the gas pipeline equipment to be shipped to Russia, Kommersant reports

Russian state energy major Gazprom has received documentation from German industrial giant Siemens, allowing the return of a turbine for the Nord Stream 1 natural gas pipeline, business daily Kommersant reported on Sunday.

The paperwork will first need to be amended, due to sanctions-related changes in the original agreement between Gazprom and Canada, the business daily writes. According to the existing contract, Gazprom was supposed to collect the item from Canada after repairs, but when Ottawa imposed sanctions on the Russian company, this became impossible.

Siemens then agreed to ship the turbine to Russia via Germany, but the export documentation was not adjusted accordingly, Kommersant explains, adding that it was unable to obtain comments on the matter from either company.

Paperwork discrepancies already led to the turbine, which is currently in Germany, to miss a planned ferry trip to Russia via Finland on Saturday. According to Kommersant, the equipment can be sent to Russia in the middle of this week, if Gazprom provides the necessary customs declarations.

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FILE PHOTO: A worker at the Nord Stream 2 gas pipeline in Lubmin, Germany, 2021.
Gas price in Europe drops as Russian pipeline resumes deliveries

Gazprom blamed the turbine’s delayed return for a 60% reduction in its gas supplies to the EU last month. According to Kommersant, however, the return of the equipment may not help Gazprom increase export volumes to their former level, as several more turbines at the Nord Stream pumping station are in need of repairs. The current license allows Siemens Energy to accept five more turbines before the end of 2024.

Gazprom resumed its gas deliveries to Germany at 40% of capacity last week after the completion of annual maintenance on the Nord Stream 1 pipeline, despite widespread fears in the EU that gas the flow would not be resumed, for political reasons. Russia has repeatedly insisted that it honors all its obligations to customers.

For more stories on economy & finance visit RT’s business section

https://ift.tt/YfG8Bzo 25, 2022 at 03:27PM
from RT – Daily news

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