Nepal Rastriya Dainik
May 20, 2024 ,
TRENDINGS
Nine thousand victims of human rights violations in 2023 General committee meeting to make Congress strong and united: Deuba Those who pushed the country to violence are in power: Former President Bhandari Indefinite curfew order in Birgunj Permission for mineral extraction to 156 mining companies in Nepal Finance Minister Mahat’s request to focus on meeting the target of revenue collection

Gas flows to Europe won’t resume until sanctions lifted: Russia

Posted on by नेपाल राष्ट्रिय दैनिक

The Kremlin has said that the Russian gas supplies to Europe will not resume until Western sanctions against Moscow are lifted.

Dmitry Peskov, the Kremlin spokesman, said that sanctions were the sole reason behind Russia’s decision to shut the Nord Stream pipeline. Moscow initially said it was shutting the pipeline for maintenance.The Nord Stream pipeline is the single biggest gas pipeline carrying gas between Russian and western Europe.

EU officials have repeatedly accused Russia of intentionally reducing the flows in retaliation for Western sanctions. The United States has also accused Russia of using energy as a weapon, adding though that Europe will have enough gas to face the winter months.

French President Emmanuel Macron said the EU needs to step up plans for renewable energy products and to reform its electricity market.

Meanwhile, energy prices have hit new highs,forcing countries to accelerate their search for alternatives to Russian gas.

Gazprom plans to shut down the Nord Stream 1 pipeline for three days

Posted on by नेपाल राष्ट्रिय दैनिक

Russia’s state-owned gas company Gazprom will shut down the Nord Stream 1 pipeline for three days from August 31 to September 2, citing maintenance on the pipeline.

The closure of the Nord Stream 1 pipeline for three days is expected to further increase Europe’s energy disruptions. Following Gazprom’s announcement, European gas prices rose 7% to over $2,600 per thousand cubic meters.

According to a statement issued by Gazprom, the installation of turbines at a major compressor station along a pipeline connecting western Russia and Germany will be carried out jointly with experts from the German manufacturer, Siemens, according to the current maintenance contract.

According to Gazprom, five turbines need to be operated to pump gas at full capacity. This is the last one of the six turbines in the pipeline that was in operation. Due to sanctions imposed on Russia, a turbine brought to Canada for repair is currently stuck in Germany.

European Union countries have condemned this step of Russia as energy politics by Russia.

Gazprom cuts gas to two energy firms in Denmark and Germany

Posted on by नेपाल राष्ट्रिय दैनिक

Denmark has become the fifth country to be cut off from Russian natural gas following the refusal of its biggest power wholesaler Orsted to pay for deliveries in rubles. Supplies to Shell Energy Europe Limited in Germany have also been halted for the same reason.

Russia’s new payment mechanism requires gas buyers from “unfriendly” countries that have placed sanctions on Moscow to open accounts in Russia’s Gazprombank. They can then deposit funds in their currency of choice, which the bank converts to rubles and transfers to Gazprom.

The Russian energy giant recently suspended gas exports to Bulgaria, Poland, Finland and the Netherlands after they refused to comply. According to the Russian Energy Ministry, about two dozen European companies have so far opened ruble accounts. RT