Russia Shuts Down Nord Stream 1 Gas Pipeline Using False Pretenses

While this is technically not a Marcellus/Utica story, it does affect our region (as well as all regions) due to the enormity of how it impacts the overall natural gas market. Russia, using the flimsy excuse that they found some trouble with a turbine during maintenance, has decided to keep the Nord Stream 1 pipeline closed down indefinitely after what was supposed to be a three-day outage to do routine maintenance. The outage denies Europe natural gas a critical time during which they are attempting to fill up storage ahead of the winter months. This is a transparent play by Vladimir Putin, who pulls all the strings in Russia, to squeeze Europe and get it to cave to his will and accept his invasion of Ukraine (i.e. remove all sanctions).

---

To view this content, log into your member account. (Not a member? Join Today!)