Gazprom Says "Force Majeure" Will Affect Gas Supply to Europe

CCTV News July 19, 2022According to a Reuters report on the 18th, Gazprom, or Gazprom, claimed in a letter on the 14th that the company's natural gas supply to Europe was affected by "force majeure" and this "Force majeure" will at least affect its natural gas supply to at least one major customer.

the term "force majeure" refers to "material circumstances" faced by an enterprise in the course of business conduct that are beyond its control ". The content of this letter from Gazprom shows that as a giant of Russian pipeline natural gas exports, Gazprom has been unable to fully fulfill its gas supply obligations due to "force majeure", and this "force majeure" has affected the company since the 14th. The supply of natural gas has had an impact. However, the media did not disclose the specific circumstances of this "force majeure.

sources said that the letter indicates that Gazprom may further reduce Russia's gas transmission to Europe's main gas pipeline "Beixi-1. If Gazprom completely interrupts the "Nord Stream -1" gas transmission, European natural gas prices will soar further. Gazprom has not yet made any comment on the current disclosure.

the escalation of the conflict between Russia and Ukraine, Russia has repeatedly reduced the gas transmission of "Beixi-1" and other major pipelines to European countries. In mid-June, Gazprom said that Russia was forced to reduce the gas transmission volume of the "Beixi-1" pipeline due to the failure of Germany's Siemens to deliver the gas compressor unit for repair to Russia in time. Starting from the 11th of this month, "Beixi -1" will suspend operation and carry out annual routine maintenance, which is expected to take 10 days. Many German officials and people worry that Russia may not resume gas transmission after the completion of regular maintenance on the 21st, causing gas prices to soar further.

for this reason, the German government is making an emergency plan for the energy crisis, and at the same time, it is making every effort to ensure the recovery of the gas supply of the "Beixi-1" pipeline. According to a report by the Russian "Kommersant" on the 18th, the "Beixi-1" natural gas pipeline components sent by Siemens for repair have been shipped from Canada to Germany and will arrive in Russia on the 24th.