HomeMediaLatest NewsPutin: if the turbine for Nord Stream is not returned to Russia, pumping through it will be halved

Putin: if the turbine for Nord Stream is not returned to Russia, pumping through it will be halved

20 July 2022

Gromov Alexey I. Principal Director on Energy Studies, Head of the Energy Department

Alexey Gromov, Principal Director on Energy Studies of the Institute for Energy and Finance, commented on the Business FM radio station regarding Russia's position on a possible reduction in gas pumping through the Nord Stream.

The position of Russia was explained by Alexey Gromov:

“The political approach of Russia to gas relations with Europe is such that we fulfill our obligations as long as they do not conflict with the imposed sanctions, with technical problems or with other political decisions, as in the case of transit through Ukraine, and do not undertake any efforts to solve these problems, leaving everything on the conscience of Western partners. That is, we show that you are unfriendly to us, and we, realizing this, are not interested in saving the situation with Russian gas supplies by any means. The statement, which was made by the Russian authorities, that once the turbine is delivered, gas supplies through Nord Stream 1 will accordingly be restored to standard levels. This suggests that we are completely pragmatic about this situation, we are not saying that we will stop supplies via Nord Stream 1, as they are shouting at all corners in Europe today, but we are pursuing a pragmatic line. Gas prices in Europe beat all conceivable records, but the level of income that Gazprom receives from the export of Russian natural gas is quite high. Today we are not interested in maximizing Russian energy exports, because this distorts the Russian trade balance.”


Gromov Alexey I. Principal Director on Energy Studies, Head of the Energy Department
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