Russia halts gas flows via Nord Stream 1 pipeline, intensifying the stress on European countries

Gazprom has faced a challenging year or two. Gazprom is a Russian state-owned power business, was struck difficult by Western sanctions considering that the Ukraine War. Its share of the market has also been falling in European countries. As a way to recover some ground, Gazprom have actually slowed its fuel supply across Nord Stream 1 in the hope of resolving the issue of technical issues, such as the repair of equipment. It has triggered issues for Europe who are very reliant of Russian gas. The leaders of Europe have made allegations against Moscow utilizing gas interruptions to answer Western sanctions. Gazprom had warned in the month of August that the pipeline which carries gas from Russia into Germany it will be closed in order to conduct upkeep during three consecutive days.

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This article is contributed by Guestomatic.

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Jasper James
Jasper James
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