Energy Russia threatens to shut down the Nord Stream 1 gas pipeline

According to the Deputy Prime Minister, it would be a counter-pull if the United States and EU countries decide to impose an import ban on Russian crude oil.

Russia may cut off gas supplies to Central Europe via Nord Stream 1 gas pipeline, Deputy Prime Minister of Russia Aleksandr Novak said late Monday night. The news agency Reuters reported on the matter.

Novak said Russia could shut off gas taps in retaliation to the West if they decide to ban the import of Russian crude oil.

“Of course, we have the right to make a similar decision and impose an export ban on gas supplies in the Nord Stream 1 pipeline,” Novak told Britain. BBC’s by.

Nord Stream 1 gas pipeline runs in the Baltic Sea from around Vyborg to Germany and has been in operation for ten years.

Station of the Nord Stream 1 gas pipeline in Lubmin, Germany, 28 February.

Nord Stream 2, on the other hand, is a recently completed gas pipeline that also runs in the Baltic Sea from Russia to Germany. However, the Nord Stream 2 pipeline will not be commissioned. German Chancellor Olaf Scholz froze the project when Russia invaded Ukraine in late February.

If Russia fulfills its threat, it will accelerate the turmoil in the European energy market and further raise consumer energy prices, the news agency estimates. Bloomberg.

According to the BBC, Russia imports about 40 percent of the EU’s natural gas. About 30 percent of crude oil comes from Russia.

For the time being, natural gas flows from Russia at almost full capacity.

Deputy Prime Minister According to Novak, Russia has alternative buyers for its crude oil if the United States and EU countries impose import bans.

On the other hand, Nord Stream 1’s natural gas supplies cannot be diverted elsewhere, so the closure of the gas tap would hit Russia itself hard.

#Energy #Russia #threatens #shut #Nord #Stream #gas #pipeline

Related Posts

Next Post

Recommended