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BREAKING
Israeli media: Intense US efforts are being made to resolve differences, such as the issue of the Israeli presence on Mount Hermon and in southern Syria
Israeli media: The security agreement means amending the disengagement agreement, which will also address the Druze issue
Israeli media: Attempts to reach a security agreement between 'Israel' and Syria were among the topics discussed at the Paris meeting
Israeli media: Sheikh Muwaffaq Tarif rejected a US proposal to join the recent tripartite meeting between Tom Barrack, al-Shaibani, and Dermer
Saba News Agency: Two martyred, five injured in a preliminary toll of the Israeli aggression on the Yemeni Oil Company station on Al-Sitteen Street in Sanaa
Senior Yemeni military source to Al Mayadeen: We observed a state of confusion among the enemy's aircraft squadron after Yemeni air defenses intercepted the attack
Senior Yemeni military source to Al Mayadeen: The Yemeni air defense forces succeeded in neutralizing a squadron of enemy aircraft and prevented airstrikes on some governorates
Senior Yemeni military source to Al Mayadeen: Our air defenses and missile forces forced a formation of enemy aircraft to flee the airspace
Member of the Ansar Allah Political Bureau, Mohammed al-Bukhaiti: The Israeli aggression on Yemen will not deter us from continuing to support Gaza, no matter the sacrifices
Al Mayadeen's correspondent: The Israeli aggression targeted the Yemeni Oil Company station on Al-Sitteen Street, southwest of the capital, Sanaa, with several raids

Gazprom to cut Nord Stream gas deliveries by third

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Jun 2022 17:55
3 Min Read

Gazprom stated it will be able to deliver no more than 67 million cubic meters of gas per day via the Nord Stream pipeline starting from Thursday.

  • x
  • Gazprom to supply no more than 67Mln cubic meters of gas.
    Gazprom to cut Nord Stream gas deliveries by a third

Gazprom said on Wednesday that it had stopped the operation of another Siemens gas turbine at the Portovaya compressor station, adding that it will be able to deliver no more than 67 million cubic meters of gas per day via the Nord Stream pipeline starting from Thursday. Deliveries of gas through Nord Stream will be cut by almost a third following Gazprom's decision.
 
"The daily output of the Portovaya compressor station from 01:30 Moscow time on June 16 [22:30 June 15 GMT] will be up to 67 million cubic meters per day." Gazprom wrote in its Telegram channel, adding that it "shuts down another Siemens gas turbine engine." 
 
Following Gazprom’s announcement, the European gas futures prices increased by 10% to over $1150 per 1,000 cubic meters.

Furthermore, according to new research, Russia earned $98 billion from fossil fuel exports during the first 100 days of its war in Ukraine, with the European Union being the top importer.

The report, released on Monday by the independent Centre for Research on Energy and Clean Air (CREA) in Finland, came as Russian forces continued to make slow but steady progress in their campaign to fully capture eastern Ukraine's Donbass region.

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The US and the EU have sent weapons and cash to assist Ukraine in repelling the Russian advance, as well as punishing Moscow with unprecedented economic sanctions.

However, Kiev has called on Western countries to suspend all trade with Moscow in order to cut off its financial lifeline in the aftermath of the February 24 special operation. Prior to the war, Russia supplied 40% of the EU's gas and 27% of its imported oil.

Read next: Suspending possible OPEC+ deal 'deliberate disinformation' - Expert

Earlier this month, the European Union agreed to put an end to all Russian oil imports, keeping in mind that Europe is heavily dependent on Russian energy. 

According to the report, the EU took 61% of total Russian fossil fuel exports, which amounts to $60 billion. The top importers were China, at 12.6 billion euros, Germany, at 12.1 billion euros, and Italy at 7.8 billion euros. 

The revenues come mostly from crude oil sales, which amount to 46 billion euros. Next are pipeline gas, oil products, and liquefied natural gas and coal.

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Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

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