Ross Clark Ross Clark

Putin has Europe where he wants it

Prices will skyrocket after Gazprom's gas cut

Have we reached the endgame of Vladimir Putin’s energy war against the West, the point at which he turns off the gas for good? This afternoon, Gazprom announced that from Wednesday morning it will cut the quantity of gas flowing through the Nord Stream 1 pipeline to Germany to 33 cubic metres per day. This will halve the current flow of 67 million cubic metres and is just 20 per cent of the 167 million cubic metres which flowed through the pipeline before the Ukraine invasion.

Ostensibly, the cut is for reasons of ‘maintenance’. That is unlikely to wash. Nord Stream 1 relies on a compressor station powered by six turbines, but Russia was supplied with two spare turbines to prevent any need for reduction in flows during maintenance periods. One of the turbines has just been returned to Russia after servicing in Canada.

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