Gazprom, Siemens Spar Over Turbine Maintenance Slowing Gas Flows
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Gazprom PJSC has signaled more problems are possible with Nord Stream gas turbines, amid its spat with Siemens Energy AG over equipment maintenance, which the German company said should be a routine operation.
Gas traders have been closely monitoring the developments over Nord Stream turbines since mid-June, when Russia’s gas giant reduced flows via the major export pipeline to Europe. On Wednesday, gas prices spiked as much as 14% after supplies through the link fell to just 20% of capacity, after the Russian producer said another turbine needed to be taken down for maintenance.