Exclusive-Russia seen restarting gas exports from Nord Stream 1 on schedule

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The pipeline is expected to resume operation on time, but at less than its capacity of 160 million cubic metres per day.

The pipeline, which accounts for more than a third of Russian natural gas exports to the European Union, was halted for ten days of annual maintenance on July 11.

Kremlin-controlled energy giant Gazprom, cut gas exports through the route to 40% capacity last month, citing delays in the return of a turbine Siemens Energy was servicing in Canada. The benchmark Dutch front-month contract was down 3% following Reuters' report flows will resume on Thursday. Nord Stream 1, which runs on the bed of the Baltic Sea to Germany, has been in focus since Russia sent troops to Ukraine on Feb. 24 in what Moscow describes as a"special military operation".

 

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