Russia will halt gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom said, piling pressure on the region as it seeks to refuel ahead of winter.
The unscheduled maintenance order on the Nord Stream 1 pipeline, which runs under the Baltic Sea to Germany, deepens an energy standoff between Moscow and Brussels which has already helped send inflation surging in the region and raised the risk of rationing and recession.
German dependenceThe Nord Stream pipeline had already been running at just a fifth of its capacity, stoking fears that Russia could halt flows completely heading into the winter heating season and make it more difficult to fill up storage facilities.Germany has made targeted efforts to fill up its storage facilities to prepare, with levels standing at 78.19% as of Aug. 17, slightly more than the 75.89% for the European Union as a whole.
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