Canada markets open in 7 hours 23 minutes
  • S&P/TSX

    19,991.88
    +105.94 (+0.53%)
     
  • S&P 500

    4,207.27
    -2.97 (-0.07%)
     
  • DOW

    33,336.67
    +27.16 (+0.08%)
     
  • CAD/USD

    0.7849
    +0.0012 (+0.16%)
     
  • CRUDE OIL

    93.86
    -0.48 (-0.51%)
     
  • BTC-CAD

    30,564.75
    -920.17 (-2.92%)
     
  • CMC Crypto 200

    569.91
    -4.83 (-0.84%)
     
  • GOLD FUTURES

    1,806.30
    -0.90 (-0.05%)
     
  • RUSSELL 2000

    1,975.26
    +6.01 (+0.31%)
     
  • 10-Yr Bond

    2.8880
    0.0000 (0.00%)
     
  • NASDAQ futures

    13,351.25
    +40.00 (+0.30%)
     
  • VOLATILITY

    20.20
    +0.46 (+2.33%)
     
  • FTSE

    7,465.91
    -41.20 (-0.55%)
     
  • NIKKEI 225

    28,495.41
    +676.08 (+2.43%)
     
  • CAD/EUR

    0.7603
    +0.0015 (+0.20%)
     

Canada reports talks with Germany on Siemens-made Nord Stream 1 equipment

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

OTTAWA (Reuters) - Canada said on Thursday it was in talks with Germany to resolve an issue with a Siemens Energy turbine for Russia's Nord Stream 1 pipeline that was sent to Canada for maintenance, reducing gas supply to Europe.

The capacity of Gazprom's Nord Stream 1 pipeline to supply gas to Europe is partly constrained as sanctions on Russia make it impossible for German equipment supplier Siemens to return the turbine being maintained in Canada, the companies said earlier this week.

"The government of Canada is in active discussions with Germany about the turbines in question, and we are working to reach a resolution," a spokesman for Canada's Natural Resources Minister said in a statement.

Russia's state-controlled Gazprom has cut the capacity along the Nord Stream 1 pipeline to just 40% of usual levels in recent days citing the delayed return of equipment being serviced by Germany's Siemens Energy SIEGn.DE in Canada.

Moscow said Thursday more delays in repairs could lead to suspending all flows, putting a brake on Europe's race to refill its gas inventories.

Siemens said in a statement this week that it supplied so-called aeroderivative gas turbines for a compressor station for Nord Stream 1 in 2009.

These were manufactured in Canada and needed to be regularly sent back for maintenance, Siemens Energy said, adding one of the turbines was currently being overhauled in Montreal.

(Reporting by Steve Scherer in Ottawa; writing by Ismail Shakil; Editing by Leslie Adler and David Gregorio)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting