Germany on the brink of catastrophe as Gazprom may shut down Nord Stream

Russia may shut down the Nord Stream pipeline should problems with the repairs of turbines continue, Russia's Ambassador to the EU Vladimir Chizhov said. This will be a disaster for Germany, Chizov told RIA Novosti.

In mid-June, Gazprom announced that due to problems with equipment, the gas transportation through the Nord Stream pipeline was limited.

On June 16, it became known that Austrian energy company OMV received a notification from Gazprom about a reduction in Russian gas supplies.

German concern Uniper and the French gas company Engie came across the same problem too.

Gazprom was unable to receive gas compressor units from Siemens in time. As a result, Gazprom could not ensure proper supplies.

On June 16, gas prices in Europe soared to $1,450 per thousand cubic meters.