July 9

Canada to return Nord Stream 1 turbine to Germany in blow to Ukraine

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Source: Euractiv

Russia’s Gazprom cut capacity along the Nord Stream 1 pipeline to just 40% of usual levels last month, citing the delayed return of a turbine being serviced by Germany’s Siemens Energy, in Canada.

A decision to return the turbine had already been taken, a source familiar with the issue told Reuters on Thursday.

The turbine would be sent to Germany first which will then deliver it to Gazprom so Canada does not breach any sanctions, a government source told Reuters.

Siemens Energy declined to comment on the news.

The Kremlin on Friday said it would increase gas supplies to Europe if the turbine was returned.

Ukraine opposes Canada’s handing over the turbine to Gazprom and Kyiv believes such a move would flout sanctions on Russia, a Ukrainian energy ministry source said on Thursday.

The fate of the turbine has highlighted unforeseen consequences of the Western sanctions against Russia in response to its unprovoked invasion of Ukraine.

Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience in implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor in this space. Stuart has led the “Total Corporate Digital Integration” platform at Sandstone and works with Sandstone clients to help integrate all aspects of modern digital business. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage and is the Co-Host of the energy news video and Podcast Energy News Beat.

Stuart is on Board Member of ASN Productions, DI Communities

Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.


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