Russia halts natural gas flows via Nord Stream 1 pipeline, intensifying the stress on Europe

Gazprom has faced a challenging year or two. Gazprom is a Russian state-owned energy company, had been struck hard by Western sanctions considering that the Ukraine War. Its share of the market has also been dropping in Europe. In an effort to recover some ground, Gazprom have slowed its fuel supply across Nord Stream 1 within the hope of resolving the issue of technical problems, for instance the fix of equipment. It has caused problems for Europe who’re extremely reliant of Russian gasoline. The leaders of European countries are making allegations against Moscow using gasoline interruptions to respond to Western sanctions. Gazprom had warned within the thirty days of August that the pipeline which holds gasoline from Russia into Germany it might be closed so that you can conduct maintenance during three consecutive days.

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This article is contributed by Guestomatic.

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