Gazprom postpones reopening gas pipeline via Nord Stream 1 to Europe
Russia’s Gazprom PJSC said its key gas pipeline to Europe won’t reopen as planned, moving the region a step closer to blackouts, rationing and a severe recession.
The pipeline was due to reopen on Saturday after maintenance. But in a last-minute statement late on Friday, the company said a technical issue had been found and the pipe can’t operate again until it’s fixed. The European Union said Gazprom was acting on “fallacious pretenses.”
It’s a massive blow to Europe, which is scrambling to cut its dependency on Russian gas before winter and has been waiting for Moscow’s next steps in the energy war. As the continent tries to implement measures to get through the winter, the indefinite closure of the pipeline is an escalation that threatens more economic turmoil.
