Uniper

Russian gas company Gazprom announced last week that it was reducing supplies through the Nord Stream 1 pipeline for technical reasons

Russia's Gazprom announced on Tuesday that it was suspending gas supplies to the Danish company Orsted and Shell Energy under its gas supply contract with Germany. The reason is the refusal to pay for the raw material in Russian rubles, Reuters reported.

Two Floating Storage and Regasification Units (FSRU) for Liquefied Natural Gas (LNG) were chartered from George Prokopiou's Dynagas Ltd to the German Uniper, whose total capacity is equivalent to 30% of Russian gas imports to Germany.

With this move, Uniper comes to diversify and strengthen the security of gas supply in Germany, according to a statement from the German company.

Former Russian President and Prime Minister Dmitry Medvedev, who is currently deputy chairman of the National Security Council, has threatened that Europeans will soon pay a high price for gas.

Scholz stops Nord Stream 2

German Chancellor Olaf Scholz is giving up Nord Stream 2.

This was announced on Twitter by the director of the Financial Times department in Berlin, Guy Chazan.

Scholz pulls plug on Nord Stream 2. "The situation now is a different one".

— Guy Chazan (@GuyChazan) February 22, 2022

The EU is talking about securing gas supplies to Europe with several countries, including the United States, Norway, Qatar and Azerbaijan. This was announced today by a spokesman for the European Commission at a press conference in response to questions.

Work on the Nord Stream 2 pipeline was completed in September, but no gas will flow through it in the coming months. Germany stopped the procedure for its certification and as soon as it became known, energy prices increased by 18%. As Le Monde predicts, gas and electricity prices will remain high in the near future.

Germany and the United States on Wednesday announced a deal to allow the completion of Nord Stream 2 (NS2) to Europe without the imposition of further American sanctions.

The United States and Germany on July 21 announced a deal to allow the completion of a controversial Russian gas pipeline to Europe without the imposition of further U.S. sanctions. The agreement aims to stanch fears about European dependence on Russian energy, but it was immediately assailed by critics who said it doesn't go far enough.

The Biden administration will waive sanctions on the company behind Russia's Nord Stream 2 pipeline to Europe and its chief executive, with the United States Department of State set to deliver a report as early as Wednesday, a source familiar with the plans told Reuters news agency on Wednesday.