Nord Stream back online, but at 40% capacity
Russia's Nord Stream pipeline has finished a 10-day routine maintenance on time has resumed gas flow, its operator reported on July 21, but as anticipated, it is only working at 40% capacity.
Nord Stream was operating at only 40% of its 55bn m3/yr capacity before it shut down for maintenance on July 11. A spokesman for its operator told Germany's DPA news agency that the current daily supply volume is the same as it was before the downtime.
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Gazprom has attributed the restriction in flow to technical difficulties, including Siemens' failure to return a turbine on time that had been sent to Canada for repairs. Siemens was initially unable to return the unit because of Canadian sanctions, but authorities in Ottawa granted an exemption, and according to a recent report by the Moscow-based Kommersant newspaper, the turbine could be reinstalled and in operation at the end of July or early August.
The August delivery contract at the Dutch TTF slumped to €145 ($148)/MWh when the market opened on July 21, from a €155/MWh average for the previous session. But it has since risen back to €150.