The Nord Stream gas pipeline has resumed gas transportation from Russia to Germany after scheduled maintenance work. According to the gas transmission operators, OPAL Gastransport and NEL Gastransport, the work of the gas pipeline has resumed exactly in accordance with the schedule of routine maintenance.
The Nord Stream gas pipeline began operation in 2011. In 2021, it transported 59.2 billion cubic meters of natural gas. The project participants are Gazprom, Wintershall Dea, Gasunie, E.ON and Engie.
It is recalled that the pipeline was stopped according to plan, on July 11, which however caused concern among European officials and the press. There were suggestions that the gas pipeline would not resume operation after the shutdown or would work with a different performance. In addition, during the prevention of the pipeline, an accident occurred at a mining field in Norway, which further increased the gas shortage in Europe.
However, Gazprom resumed the delivery of gas from Russia to Germany through the Nord Stream 1 Baltic Sea pipeline. The company previously said that it needed a repaired turbine to be returned from Canada to have the Nord Stream functioning properly. Ottawa allowed the equipment to be returned to Germany earlier this month, granting an exemption from the sanctions.
European natural gas prices fell by 6.5 per cent in early trading on Thursday, July 21, following the restart of gas deliveries via Russia’s Nord Stream 1 pipeline, RT reports. The price of August futures for natural gas at the TTF hub in the Netherlands dropped to $1,556 per 1,000 cubic meters at round 06:01 GMT, or €145 ($148) per megawatt-hour in household terms, according to data from London’s Intercontinental Exchange.