Russia Has No Immediate Plans To Repair Or Reactivate Nord Stream Pipelines

Six months ago, a series of explosions caused damage to Russia’s undersea Nord Stream gas pipeline. The pipeline’s future has been uncertain due to rising tensions between Moscow and Washington, particularly with an anticipated spring offensive in Ukraine. Earlier this year, there were discussions about the possibility of repairs within a year by the German energy company Uniper. However, sources now tell Reuters that Russia plans to “seal up” the pipelines. 

Russia’s Gazprom, a state-controlled oil company, constructed Nord Stream 1 and Nord Stream 2, which consist of two pipes each. These pipelines were designed to transport 110 billion cubic meters of natural gas annually from Russia to Germany via the Baltic Sea. 

In September, three of the pipelines were severely damaged by explosions, resulting in ruptures. One of the Nord Stream 2 pipes remained intact. 

Read more here: https://www.zerohedge.com/commodities/russia-has-no-immediate-plans-repair-or-reactivate-nord-stream-pipelines