A battle on the skin of Europeans. After the threats, the Russia move on to the facts. So a few hours after the announced reopening of the Nord Stream pipeline 1shortly after the words of Ursula von der Leyen on the will to impose a ceiling on gas prices arriving from Moscow, Gazprom determined that the pipeline will not reopen. At least for now. The motivation of the Russian state giant? Nord Stream will have to stand still for a period of time “indefinite” due to a “Oil leak” traced in a turbinethe only one currently working, in the station of Portovayawhere the flow of gas to the Germany. A major failure, according to Gazprom.
But it is of a completely different opinion Siemens Energywhich deals with the maintenanceaccording to which the leak does not constitute a technical reason for interrupting the flow: “Such leaks do not normally prevent the turbine from functioning and can be sealed on site. It’s a routine procedure which is part of maintenance work, ”the company wrote in a statement. “In the past similar losses had not led to the interruption of operations”, underlines Siemens, adding that the company “has not currently been commissioned to carry out maintenance work” and that “we have already said in the past that there are other turbines at the Portovaya compressor” capable of running Nord Stream 1. The pipeline had been stopped on August 31, officially for maintenance work, and was due to leave on Saturday at the latest. The pipeline was already operating at a reduced rate later, at 20% of potential, after Moscow had decided to reduce the flows towards the Germany. The announcement of the indefinite suspension caused an immediate decline in the euro, slipping below par with the dollar, and a strong reaction from the European Union.
Today the operators had said optimists on the partial reactivation, so much so that the price of gas on the European market has dropped to almost 200 euros per megawatt hour. The prices have risen after the president of the EU Commission Ursula von der Leyen he stated: “I am firmly convinced that it is time for a ceiling on the price of gas from Russian gas pipelines “. The deputy head of the Russian Security Council replied closely Dmitry Medvedev, who explained that Russian gas “will no longer exist” in Europe if the EU imposes a price cap. It will be like oil. There will simply be no more Russian gas in Europe ”. Then the announcement of the non-reopening for an “indefinite” time. To which the EU replied: “Another confirmation of the unreliability”, said the spokesman of the Commission Eric Mamer with reference to Gazprom. The announcement, the spokesman added, “is also proof of the cynicism of the Russia: it prefers to burn its gas rather than honor contracts ”.
Of “Unreliability” also spoke on German governmentwhich through the Ministry of Economy made it known that it had “carried out the measures of reinforcement of independence from Russian energy imports in a coherent and impassive way ”, so“ now we are basically better equipped than we still were a few months ago ”. While the Minister for Ecological Transition, Roberto Cingolanihe thundered: “The Russian blackmail it is clear to everyone. Russia cannot suspend the laws so quickly supplies because it has no other pipelines where to put this gas and sell it elsewhere. It’s a poker game “. And she then warned that without the regasifiers installed at the beginning of 2023“To take advantage of the new African supplies” “we may have problems”.
A scenario already anticipated by Davide Tabarellipresident of Nomisma Energia: “If Russia closed the gas tap today, with stocks at 83%, atbeginning of January we would be forced to ration consumption. But it would be better to start even earlier, so as not to have to cut heavily in the colder months ”. During the winter, he stressed, “we will not have the two new regasifiers yet Piombino And Ravenna, hopefully they will arrive in May. We have increased imports from outside Russia, about 17 billion cubic meters more, but they are not enough to replace the 29 billion we bought from Moscow ”.CopyAMP code.
In the afternoon, the G7 finance ministers approved the plan to set a ceiling on the price of Petroleum which comes from Russia. In essence, those who buy Russian crude would be assured services such ascargo insurance and bank transactions provided that in the respect of the controlled price. There should be two thresholds, one for crude oil and one for refined products. The final statement, however, is rather vague, in particular there is no reference to China and India which in recent months have greatly increased imports of Russian oil, in some cases to then resell the products obtained from refining to European countries. “On the top of the price of oil, we want to build a broad coalition, beyond the G7, we want to convince all EU countries and beyond,” said the German finance minister. Christian Lindner. The important thing is that good results are achieved quickly. The G7 want a ceiling on the price of oil ”. However, Moscow has already made it known, via the Kremlin spokesperson Dmitry Peskov, that “If hostile countries put a price cap on Russian energy resources, Moscow will only supply oil to countries that adjust to market conditions.”
The G7’s support for the ‘price cap’ “is an important step towards two goals: to deny Russia’s revenues to finance Putin’s brutal war against Ukraine and to put downward pressure on global energy prices,” he said. the European Commissioner for Economy Paolo Gentiloni. The G7 will work for “a broad global coalition for finalize the design and the level of the price cap and implement it jointly, to maximize its effectiveness, ”he adds. “The Commission will play its full part in working to achieve theunanimity between our 27 Member States to implement this measure in the EU ”.