A roundup of news and commentary from NGI’s LNG Insight

  • Gazprom PJSC said Tuesday that it can only ship 100 million cubic meters/day (MMcm) on the Nord Stream 1 pipeline, or 40% less than the system’s capacity.
  • The company said the Portovaya compressor station has been limited to three gas compressor units. Maintenance at the station has been impacted “due to the untimely return of gas compressor units from repair by” Siemens AG, Gazprom said. 
  • Siemens confirmed that some equipment is stranded abroad and unable to be shipped due to western sanctions against Russia for its invasion of Ukraine.
  • Natural gas flows on NS1 had dipped to just 112 MMcm on Monday ahead of the announcement. 
  • The system moves gas from Russia to Germany, Europe’s largest gas consumer. Along with the Ukrainian gas transit network, NS1 is the largest system for moving Russian natural gas to Europe.
  • The issue was announced the same day as Freeport LNG said repairs would not be completed until later this year following an explosion and fire at the terminal last week. European benchmark price Title Transfer Facility futures surged on the news.