Surprise: Stocks Tumble After Gazprom "Completely Halts" Nord Stream Indefinitely Due To "Unexpected" Leak
No more gas for Western Europe. Whoa. Who coulda seen this coming?
Surprise: Stocks Tumble After Gazprom "Completely Halts" Nord Stream Indefinitely Due To "Unexpected" Leak
BY TYLER DURDEN
FRIDAY, SEP 02, 2022 - 03:29 PM
After a 3-day halt, Russian energy giant Gazprom was expected to resume critical supplies of nat gas to Europe via Nord Stream 1 tomorrow, but it appears that Putin had other plans and as a result, Russian gas flows toward Europe won't be coming back any time soon, as moments ago Gazprom announced that it had "completely halted" transport of gas to Nord Stream until a previously undetected oil leakage is rectified.
That could takes hours, days... or months.
GAZPROM ISSUES STATEMENT ON NORD STREAM 1 MAINTENANCE
GAZPROM: TRANSPORT OF GAS TO THE NORD STREAM PIPELINE HAS BEEN COMPLETELY HALTED UNTIL FAULTS ARE RECTIFIED
GAZPROM: DURING ROUTINE MAINTENANCE WORKS OIL LEAKAGE WAS DETECTED
GAS SUPPLIES TO NORD STREAM FULLY STOPPED
GAZPROM STATEMENT GIVES NO TIME FRAME FOR RESTART OF GAS SUPPLY THROUGH NORD STREAM 1
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