Russia halts gas flows via Nord Stream 1 pipeline, intensifying the pressure on Europe

Gazprom was through a rough year or two. The Russian state-owned energy giant has been hit by Western sanctions into the Ukraine war as well as its market share within Europe is shrinking. Gazprom reduced Nord Stream 1’s normal gas movement in order to get straight back on course. It was due to difficulties with the technology, such as for instance repairs. European countries depends heavily upon Russian gas and also this has established issues. Leaders of Europe have actually raised accusations against Moscow so it uses gas interruptions to respond to Western sanctions. Gazprom had warned in August that the pipeline that carries gas from Russia towards Germany could be closed so that you can fix the pipeline for three days.

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This article is contributed by Guestomatic.

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