Russia resumes gas flows to Europe after fears of a total shutdown

Source: CNBC

“The operator of Nord Stream 1, a key gas pipeline which runs from Russia to Germany, said Thursday it was in the process of resuming flows to Europe. There had been concerns across the region that there could be a complete shutdown of gas supplies via the pipeline after it was closed earlier this month for maintenance. Flows had been due to be restart Thursday after the completion of the works. A spokesperson for Nord Stream confirmed to CNBC via email that the company is ‘in process of resuming gas transportation.’ … Despite news that flows have restarted, the EU will continue to push ahead with contingency plans in case of a full shutdown in gas supplies from Russia. The commission has told the 27 EU nations that they need to cut their gas consumption by 15% until March, in an effort to save energy.” (07/21/22)