Ten years have passed since the opening of the Nord Stream gas pipeline in Germany. Then everything was mutual congratulations and joy, but the good atmosphere of that day is also a thing of the past. The reason, the current Russian lobbying for final approval of Nord Stream 2 startup, a parallel gas pipeline that would allow Russia to bypass a third circuit: the one through Ukraine.
Early this monday, the price of gas was rising again by not fulfilling the promises of Vladimir Putin to increase the supply once Russia’s gas reserves were full again.Thomas O”Donnell, an energy and geopolitics analyst, explained to Euronews in a simple way what the current situation is:
“Gazprom has boosted its production to record levels within Russia to fill the warehouses of this country,” revealed O’Donnell. “First they said it would be full by November 1, and then they had to wait until the 7th.” O’Donnell also recalls that Moscow “have to export that gas, or else they’ll drown and waste all that investment and labor time used to increase production in the country, thus wasting the income of the Russian people. “
There is gas, but it does not flow
According to the German gas distribution company Gascade, the daily flow to its station from Russia is five times less than in June. It was summer then, but now we are on the verge of a cold winter and gas consumption is about to skyrocket.
However, after having stored so much gas, Russia has a problem, as O’Donnell explains: “With all the production that is right now inside Russia, with the levels at maximum and without a place to put it, the only way to bring it is through Ukraine“, maintains the analyst.
Construction of the Nord Stream 2 ended two months ago, and experts say the current meager supply is more than just a tactic by Russia to get approval from Europe and initiate the flow of gas through said circuit.
At the moment Russia denies it, but the truth is that Gazprom does not finish carrying out the promises of President Putin to increase the supply of gas to Europe. And winter, indeed, is coming.