Energy giant cites “extraordinary” circumstances outside its control, Reuters says
Russian energy giant Gazprom has declared force majeure on gas supplies to Europe to at least one major customer starting July 14, Reuters reported on Monday citing a company letter it has seen.
According to the document, Gazprom could not fulfil its supply obligations due to “extraordinary” circumstances outside its control, Reuters explains.
The agency cites its sources as saying that the letter was referring to supplies to Germany via the Nord Stream 1 pipeline.
READ MORE: EU prepares gas emergency plan – media
The route is currently undergoing planned annual maintenance which is due to be completed on Thursday, however many in Germany fear that the flow will not be resumed. Last month, supply via the pipeline was slashed by 60% as a vital piece of equipment was not returned from repairs in Canada on time due to sanctions on Russia. According to media reports, the gas turbine should be back in Russia within a week.
For more stories on economy & finance visit RT’s business section
https://ift.tt/4eXzISo 18, 2022 at 06:34PM
from RT – Daily news