IPFS News Link • Russia
Nord Stream 1: Gazprom announces indefinite shutdown of pipeline
• The GuardianThe Russian energy major Gazprom extended the shutdown of gas flows through its key Nord Stream 1 pipeline to Germany on Friday evening, providing no timeframe for a reopening.
The move came hours after G7 countries agreed to impose a price cap on Russian oil in an attempt to stem the flow of funds to Vladimir Putin's regime.
Gazprom, the state-owned oil and gas firm, said supplies would remain halted indefinitely after a leak was detected. It said the pipeline would not restart until repairs were fully implemented.
Nord Stream 1 is the single biggest pipeline for gas from Russia to Europe and has the capacity to deliver 55bn cubic metres (bcm) of gas a year. Continued supplies through the pipeline are seen as crucial to prevent a deepening of the energy crisis.