Russian Novak: We assume that Nord Steam 1 maintenance will last three days

By: News Team

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Russian Deputy Prime Minister Alexander Novak said on Thursday that it is taken for granted that state energy giant Gazprom (MCX: GAZP ) will carry out maintenance on the Nord Stream 1 gas pipeline within three days.

“These are technical issues. Gazprom has said the shutdown will last three days. We take this statement on board,” Novak told reporters when asked how long the maintenance would last.

Gazprom cut off the flow of the gas pipeline to Germany on Wednesday and it is expected to resume in the early hours of Saturday.

In Europe, facing fuel shortages and record natural gas prices amid tight supplies from Russia, there are fears that Gazprom could extend the maintenance period.

The Kremlin-controlled company has already reduced the flow of Nord Stream 1 – the largest pipeline carrying Russian gas to Germany – to 20% of its capacity due to what it describes as faulty equipment.

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