Latest

Related Posts

PREVIEW-Europe braces as Nord Stream Russian gas link set to restart

Europe is on edge about the restart of the Nord Stream 1 gas pipeline from Russia after annual maintenance is set to end on Thursday, with governments bracing for possible further supply cuts. A planned outage on the biggest single pipeline carrying Russian gas to Germany started on July 11 and is expected to end […]

- Advertisement -

Europe is on edge about the restart of the Nord Stream 1 gas pipeline from Russia after annual maintenance is set to end on Thursday, with governments bracing for possible further supply cuts. A planned outage on the biggest single pipeline carrying Russian gas to Germany started on July 11 and is expected to end at 0600 CET (0400 GMT) on July 21. It transports 55 billion cubic metres (bcm) a year of gas under the Baltic Sea.

- Advertisement -

If the outage is extended, the operator Nord Stream AG should make that clear on its website, where the flows section would indicate either a resumption or zero gas. Nord Stream 1 in the last two years resumed gas deliveries on time after the maintenance that takes place every summer.

This July, the delay of a turbine being serviced in Canada and Gazprom’s declaration of force majeure to European customers, meaning it cannot guarantee delivery because of exceptional circumstances, has raised concerns of a prolonged outage. Two sources familiar with Gazprom’s plans told Reuters on Tuesday that flows were likely to restart at pre-maintenance levels of 40% of the pipeline’s capacity.

The head of Germany’s energy regulator on Wednesday said he expected the pipeline to resume at around 30% of capacity based on nominations, or requests, for gas at Lubmin, where Nord Stream 1 makes landfall in Germany. There is still time for those nominations to change before the maintenance is scheduled to end.

While better than no resumption, gas flows at reduced capacity would still have the effect of disrupting Europe’s storage plans and heightening a gas crisis that has prompted emergency measures from governments and painfully high bills for consumers. TURBINE FLASHPOINT

As the West accuses Moscow of using its energy resources as a weapon, some European governments, such as Germany, have said any turbine delay could provide Russia with a pretext to extend maintenance. Canada has said it had issued a permit for the turbine’s return, but it is not known when it will reach the Nord Stream pipeline.

Russian President Vladimir Putin has also said it was not clear in what condition the turbine would be returned after the repairs in Canada, adding to uncertainty about the pipeline’s restart. Russia insists it is a reliable supplier and dismisses Western charges it is using energy to blackmail Europe. It also accuses the West in its support for Ukraine of waging economic warfare against Moscow.

Russian gas giant Gazprom has said the turbine is necessary for Nord Stream 1’s safety and has said it has not received documentation from Siemens Energy, which maintained the turbine, that it needs to reinstall it. Gazprom has not commented on its declaration of force majeure, retroactively dated from June 14 when Russia reduced gas flows to 40% of capacity, citing the missing turbine.

Traders, speaking on condition of anonymity, viewed the declaration as an attempt to protect Gazprom from any legal action over breach of contract. Together with analysts and governments, they also braced for months of tension and possibly varying gas flows.

“With European leaders being determined to increase sanctions towards the Kremlin, the likelihood has increased that the Russian government will announce the next step in further cutting back the gas flows towards Europe as a counter reaction,” Hans van Cleef, senior energy economist at ABN Amro, said. Other analysts also expect flows to be cut further in the next months, but note Russia needs income as much as Europe needs gas.

“We think that the most likely scenario is that Nord Stream flows restart and move back to capacity when Gazprom receives the gas turbine from Siemens but risks remain of further reductions in the following weeks or months,” said analysts at investment bank Jefferies in a note. “We believe that Russia’s aim is to prevent Europe from building gas inventories ahead of winter, keep gas prices high, maximise economic damage and retain leverage. The latter is not achieved if volumes are reduced to zero,” they added.

According to the Finland-based research organisation Centre for Research and Clean Air, Russia earned 24 billion euros ($24.6 billion) from pipeline gas revenues in the first 100 days of the Ukraine war (Feb. 24-June 3). For Europe, too, the economic stakes are high.

About 32% of Europe’s of gas consumption comes from Russia, 90% of which is through pipelines. Russia is also heavily reliant on the European market, with 82% of its pipeline gas exports going to the continent, Barclays analysts said. The European Commission has said a full cut-off of Russian gas supplies to Europe, if combined with a cold winter, could reduce average EU gross domestic product by up to 1.5% if countries do not prepare in advance.

The European Commission President Ursula von der Leyen on Wednesday said a full cut-off was “a likely scenario”, as the EU executive proposed a voluntary target for member states to cut gas use by 15% until March. ($1 = 0.9754 euros)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Popular Articles

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. View more
Cookies settings
Accept
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active
PRIVACY POLICY
  1. General
  • (1.1.) Eduvast (“Eduvast”, “We”, “Our”, “Us”) is committed to the protection of personal information provided by the users (“You”,“Your”,“User”) to Eduvast. You agree that Your use of Eduvast implies Your consent to the collection, retention and use of Your personal information in accordance with the terms of this Privacy Policy (“Privacy Policy”).
  • (1.2.) We take the privacy of our Users seriously. We are committed to safeguarding the privacy of Users while providing personalized and valuable service.
  • (1.3.) While We do Our best to protect Your information, particularly with respect to the protection of Your personal data, Eduvast cannot ensure the security of Your data transmitted via the internet, telephone or any other networks.
  • (1.4.) Access to the contents available  is conditional upon Your acceptance of this Privacy Policy which should be read together with the End User License Agreement“EULA”.
  • (1.5.) If You do not agree to any of the provisions of this Privacy Policy or EULA, You should not download, install and use the App. We may revise, alter, add, amend or modify this Privacy Policy at any time by updating this privacy policy. By downloading, installing and/or using this App, You agree to be bound by any such alteration, amendment, addition or modification.
2. Information Collected Non Personal Information
  • (2.1.) We may collect non-personal information about You whenever You access or interact with Our Website or any of the related services. This includes but not limited to browser name, version, server location, device specific information such as the type of device used, users’ operating system and version, your mobile devices unique device ID, third party apps or App or service that referred users to App, language preference, means of connection to App, internet service providers, IP address, technical information, google advertising ID (GAID), IDFA, GAID Opt-out Status, location information, interaction of Your device with the App and applications, details of Your device including without limitation its manufacturer details, height and width of your device screen, model, version, UDID or IMEI Number and other similar information about You(collectively "Traffic Data”). Personal Information
  • (2.2.) 2.2. We may collect personal information that identifies You in a variety of ways, including, but not limited to the information submitted during download and installation of the App or in connection with registration for other activities or features offered through the App. Personally identifiable information collected may include name, mailing address, email address, phone number and demographic information such as gender, nationality, postcode and other personal information including but not limited to date, time or place of birth ("Personal Information"). If You communicate with Us by, for example, e-mail or letter, any information provided in such communication may be collected by Eduvast.
  • (2.3.) Our website may transmit your Personal Information to our internal servers. This Personal Information is immediately deleted once you delete the App, except to the extent it is necessary to store the same under applicable laws. Further, we have implemented commercially reasonable physical, managerial, operational and technical security measures to protect the loss, misuse and alteration and to preserve the security of the Personal Information in our care.Finally, this information is used strictly in line with our business purposes.
  • (2.4.) You understand that once You leave Our servers, use of any information You provide shall be governed by the privacy policy of the operator of the site used by You.
3. Disclosure of Personal Information
    • (3.1.) We do not disclose Your Personal Information to any third parties other than as may be required by us, Eduvast’s affiliates, partners, trusted business networks, in compliance with our Privacy Policy for the purpose of moderating the content of the Website, enhancing Your user experience, providing You localised content and to enable Us and Our partners to provide You with targeted information which may be of benefit to you.
    • (3.2.) To enhance customer experience and to provide focused support, we may share generic aggregated demographic information which may include Your information collected by Us but not linked to any personally identifiable information regarding visitors and users with Our business partners, trusted affiliates and advertisers for the purposes outlined above.
    • (3.3.) At times We are required by law or litigation to disclose personal information about the users. We may also disclose information about the user if We determine that disclosure of information is necessary for national security, law enforcement, or other issues of public importance.
    • (3.4.) We use Our best efforts to use information in aggregate form (so that no individual User is identified) for the following purposes:
(3.4.1) To build up marketing profiles; (3.4.2) To aid strategic development, data collection and business analytics; (3.4.3) To manage our relationship with advertisers and partners; (3.4.4) 3.4.4. To audit usage of Our website i.e. www.www.eduvast.com (3.4.5) 3.4.5. To enhance user experience in relation to the App and Our website (collectively, “Permitted Use”).
  • (3.5.) We reserve the right to disclose Personal Information if required to do so by law or if we believe that it is necessary to do so to protect and defend the rights, property or personal safety of Eduvast, the App, or Users.
4. Cookies
  • (4.1.) Whenever You access the App We may place "cookies" on Your hard drive for record-keeping purposes to enhance Your experience or sometimes to personalize Your experience. Cookies are small text files that are placed on Your device's hard drive by the App You visit. Cookies help Us to identify information relating Your activities and to retain information relating to Your preferences and history on the App.
  • (4.2.) Ad targeting cookies: We and/or Our service providers may use advertising cookies to deliver ads that are more relevant to You and Your interests.
  • (4.3.) You may choose to disable cookies by turning off cookie feature on the web browser. However, by disabling this feature, some parts of the App may not function properly. This may prevent You from taking full advantage of the App.
5. Confidentiality
    • (5.1.) Except as otherwise provided in this Privacy Policy, We will keep Your Personal Information private and will not share it with third parties, unless We believe in good faith that disclosure of Your Personal Information or any other information We collect about You is necessary for Permitted Use or to:
(5.1.1.) Comply with a court order or other legal process; (5.1.2.) Protect the rights, property or safety of Eduvast or another party; (5.1.3.) Enforce the Agreement, including EULA; or (5.1.4.) Respond to claims that any posting or other content violates the rights of third-parties. 6. Security
  • (6.1.) The security of Your Personal Information is important to Us. We follow generally accepted industry standards to protect the Personal Information submitted to Us, both during transmission and once We receive it.
  • (6.2.) Although We make best possible efforts to store Personal Information in a secure operating environment which is not open to the public, You should understand that there is no such thing as complete security, and We do not guarantee that there will be no unintended disclosures of Your Personal Information. If We become aware that Your Personal Information has been disclosed in a manner not in accordance with this Privacy Policy, We will use reasonable efforts to notify You of the nature and extent of such disclosure (to the extent We know that information) as soon as reasonably possible and as permitted by law.
7. Updates and Changes to Privacy Policy
  • We reserve the right, at any time, to add to, change, update, or modify this Privacy Policy so please review it frequently. In all cases, use of information We collect is subject to the Privacy Policy in effect at the time such information is collected. You hereby acknowledge and agree that it is Your responsibility to review this Privacy Policy periodically and become aware of the modifications. If You disagree to any of the changes to the Privacy Policy, You shall refrain from using or accessing the App. Your continued use of the App following the posting of the revised Policy shall indicate Your acceptance and acknowledgment of the changes and You will be bound by it.
8. Updates and Changes to Your Personal Information
  • You have a right to correct any errors in Your Personal Information available with Us. You may request Us in writing that We cease to use Your Personal Information.
9. Contact Us
  • You may write to us at [email protected] for any privacy concerns and requests relating to this EULA and Privacy Policy.
Save settings
Cookies settings