A key pipeline delivering Russia’s natural gas to Europe may not return to full capacity after planned maintenance this month,
Nord Stream 1 is set to shut for works on July 11-21, tightening a market that’s seen prices soar in recent weeks. With Moscow having already slashed flows through the pipe to just 40% of capacity, any move to withhold supplies for longer would severely hurt Europe’s efforts to refill stockpiles for winter.
“While we initially assumed a full restoration of NS1 flows following its upcoming maintenance event, we ...