Nepal Rastriya Dainik
May 13, 2024 ,
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USA taking advantage of Europe’s energy crisis

Posted on by नेपाल राष्ट्रिय दैनिक

As the European Union faces an energy crisis due to the ongoing conflict in Ukraine, the US must not be allowed to dominate the global energy market, French Finance Minister Bruno Le Maire has said.

Addressing the French National Assembly, he also said that the Russia-Ukraine conflict should not end with US economic dominance and EU weakness. He said that the US took advantage of the energy crisis in Europe caused by the Russia-Ukraine conflict and the EU countries are now forced to purchase the same gas at a price four times higher.

Before the Russia-Ukraine conflict, most of Europe’s energy was imported from Russia. But due to the sanctions imposed by the European Union countries including the United States on Russia and the explosion of the Nord Stream gas pipeline that happened only a short time ago, Russian gas supplies to the European Union have been significantly reduced.

Russia accuses America of sabotaging gas pipelines

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.