Vladimir Putin led Russia is likely to resume gas supplies through its country north current Pipeline to Europe with grid data suggesting flows will resume as planned on Saturday at 20% capacity, reported Bloomberg.
concern for Europe: Russia’s shutdown of its Nord Stream pipeline citing maintenance work has become a cause for concern for European politicians, who fear it may not resume. According to Bloomberg, Germany has already stated that it does not expect Nord Stream at all this winter.
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European politicians expect maintenance and checks to continue throughout the winter, which could keep markets on their toes and serve to push the bloc towards sanctions, the report said.
According to the message Gazprom PJSC OGZPY said the only functioning gas turbine at the link’s entry point requires technical maintenance every 1,000 hours.
Russian Deputy Prime Minister Alexander Novak As Bloomberg announced on Thursday, the country is sticking to the specified schedule, Bloomberg reported, citing the news service Tass.
take experts: Fitch ratings said in a note that a recession in the euro zone now looks likely as a result of the deepening gas crisis. “A eurozone recession beginning in the second half of 2022 would be likely as Germany and Italy would post annual declines in GDP in 2023,” it said.
