Gazprom cuts output further at Nord Stream compressor station
Russia's Gazprom reported on June 15 that it was further curtailing output at the Portovaya compressor station that handles gas flowing into the Nord Stream pipeline, after taking another Siemens gas turbine offline at the facility.
"The daily output of the Portovaya compressor station from 01:30 Moscow time on June 16 will be up to 67mn m3/day, Gazprom said on its Telegram channel. On the previous day Gazprom said it was reducing Nord Stream's gas flow to no more than 100mn m3/d, from a previous plan of 167mn m3/yr, citing Siemens failure to return on time gas-pumping units it had taken for repairs, as well as other technical difficulties.
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The cut in deliveries via Nord Stream coincides with a drop in US LNG supplies to Europe following an explosion at the 15mn metric ton/year Freeport LNG terminal in Texas. These outages have led gas prices to soar. The July TTF gas price is up 12% at €109 ($114)/MWh as of 13:45 GMT.