German chancellor reveals Canadian-repaired turbine in bid to end standoff with Russia

German chancellor reveals Canadian-repaired turbine in bid to end standoff with Russia

German Chancellor Olaf Scholz walks towards a turbine of the Nord Stream 1 pipeline at the Siemens Energy plant in Muelheim an der Ruhr, western Germany, on Aug. 3. The turbine is one of many the pipeline uses to compress natural gas as it flows from Russia under the Baltic Sea to Germany.SASCHA SCHUERMANN/AFP/Getty Images … Read more

Russia Says It Can’t Help With Nord Stream Gas Turbine Repairs

Russia Says It Can’t Help With Nord Stream Gas Turbine Repairs

There is little Russia can do to help with repairs of equipment at Nord Stream compressor stations, according to Kremlin spokesman Dmitry Peskov. The situation with the necessary repairs needs to be resolved, but Russia can do little in this regard, Peskov told Russian reporters on Monday. The Kremlin doesn’t have anything to add to … Read more

German Chancellor defends Trudeau, saying Canada called Putin’s bluff by agreeing to send Russian turbines back

German Chancellor defends Trudeau, saying Canada called Putin’s bluff by agreeing to send Russian turbines back

Pipes at the landfall facilities of the Nord Stream 1 gas pipeline in Lubmin, Germany, on March 8.HANNIBAL HANSCHKE/Reuters German Chancellor Olaf Scholz says Prime Minister Justin Trudeau called the Kremlin’s bluff by allowing Russian pipeline turbines repaired in Canada to be sent back to Moscow’s state-controlled Gazprom, arguing that this move eliminated a pretext … Read more

Nord Stream 1 gas row deepens as Gazprom airs new complaints on repaired turbine

Nord Stream 1 gas row deepens as Gazprom airs new complaints on repaired turbine

Pipes at the landfall facilities of the Nord Stream 1 gas pipeline are pictured in Lubmin, Germany, on March 8.HANNIBAL HANSCHKE/Reuters Delivery of a Nord Stream 1 gas turbine to Germany from Canada after maintenance was not in line with the contract, Gazprom’s senior manager said on Friday, stepping up criticism of manufacturer Siemens Energy. … Read more

Cold showers and no lights: How one German city is fighting Russia’s energy battle

Cold showers and no lights: How one German city is fighting Russia’s energy battle

Berlin, London CNN Business — The German city of Hanover has banned hot water in public buildings and has introduced measures to reduce heating and energy usage as Europe faces a potential natural gas crisis this winter. “Every kilowatt-hour saved saves the gas storage tanks,” said the mayor’s office in a news release on Wednesday. … Read more

Mercedes-Benz Is Making So Much Money Right Now

Mercedes-Benz Is Making So Much Money Right Now

Photo: Mercedes Benz Mercedes-Benz says it’s doing pretty well despite everything going on in the world, Russia is sending less gas to Europe because of everything going on, and NHTSA is probing nearly 2 million vehicles from the Big Three. All that and more in The Morning Shift for Wednesday, July 27, 2022. 1st Gear: … Read more

Russia Cuts Gas Supply To German Energy Giant Uniper Even Further

Russia Cuts Gas Supply To German Energy Giant Uniper Even Further

The biggest importer of Russian gas in Germany, energy giant Uniper, saw gas supply from Russia further cut to just a third of nominated and contractually agreed volumes, a spokesperson for the German firm told Reuters on Tuesday. Russia is further reducing flows via Nord Stream this week, to just 20% of the pipeline’s capacity, … Read more

Russia’s Gazprom tightens squeeze on gas flow to Europe

Russia’s Gazprom tightens squeeze on gas flow to Europe

Russia tightened its gas squeeze on Europe on Monday as Gazprom said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20 per cent of capacity. Gazprom said flows would fall to 33 million cubic meters a day from 4:00 am (GMT) on Wednesday – a halving of the current, already … Read more

Russian gas cut to Europe hits economic hopes, Ukraine reports attacks on coastal regions

Russian gas cut to Europe hits economic hopes, Ukraine reports attacks on coastal regions

Russia said it will cut gas supplies to Europe from Wednesday in a blow to countries that have backed Ukraine, while missile attacks in Black Sea coastal regions raised doubts about whether Russia stick to a deal to let Ukraine export grain. The first ships from Ukraine may set sail in days under a deal … Read more