Skip to content
Friday 31 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,951.62
+0.50%
DAX
25,805.71
+0.76%
CAC 40
8,565.82
+0.94%
STOXX 50
6,406.59
+0.98%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Sunday 29 May 2022 12:48 pm  |  Updated:  Monday 30 May 2022 3:29 pm

Ukraine puts pressure on Germany to limit Russian gas through Nord Stream 1 pipeline

By: Nicholas Earl

Add as a preferred source on Google
18 companies quit work on Russian natural gas pipeline under threat of sanctions

Germany is under pressure to reduce its dependence on gas pipes from Russia, after Ukraine’s state-backed energy operator requested that the country’s government halt or severely curtail gas flows through the Nord Stream 1 pipeline

The head of Ukraine’s gas system operator Serhiy Makogon said: “With Naftogaz we sent an appeal to the German economy ministry and the German regulator… on the suspension of Nord Stream 1.”

Naftogaz is Ukraine’s largest gas and infrastructure operator, and is owned by the Ukrainian government.

It noted that Nord Stream 1 – a key Baltic Sea pipeline – is only allowed under German law on the basis it contributes to strengthening the security of European gas supplies, but that Russia’s actions have abused those principles.

“We see that Russia violates these principles: creating an artificial gas deficit last year; unilaterally insisting on payment in roubles; suspending gas supplies to Poland, Finland and Bulgaria” as well as invading Ukraine,” Makogon said.

It is now pushing Germany to direct flows through alternate transport routes via Ukraine, to force the Kremlin to pay more transit fees to the country.

The money could help fund Ukraine defensive efforts following Russia’s invasion and increase its leverage in the conflict.

Read more

Ohmium Appoints Hydrogen Veteran as Chief Commercial Officer

While the Kremlin has consistently said it remains open to serving world markets with oil and gas, Russian President Vladimir Putin signed into law last month demands for “unfriendly” overseas suppliers to pay for gas in roubles – through a murky payment system – which multiple European companies have complied with.

So far, the European Commission has not designated countries and companies paying for Russian gas in roubles as sanction-busting.

Russia has also cut off gas to Bulgaria and Poland for refusing to accede to the demands, while it has also cut off electricity into Finland.

Earlier this year, German Chancellor Olaf Scholz halted the approval process for the Gazprom-backed Nord Stream 2 gas project, which would have doubled the volume of Russian gas flows into the country.

Nevertheless, the country is already dependent on Russia for nearly half its natural gas imports, with the European Union (EU) spending €25bn on Russian natural gas since the eruption of conflict in Ukraine.

There is no current expectation of the country introducing sanctions on Russian gas – even as the EU edges towards an oil embargo.

This makes the prospect of Germany complying with Ukraine’s demands a remote prospect, with the request instead reflecting the escalation of the conflict in Russia and the increased expectation of European support.

Read more

Kuwait Oil Company Signs US$ 16.0 Billion Infrastructure Partnership Involving Its Crude Oil Pipeline Network With a Consortium Comprising Blackstone, Brookfield and KKR

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Related Topics

  • Energy
  • Ukraine

Trending Articles

  • Gino D’Acampo restaurants face HMRC winding-up order

  • PwC thought leadership reports ‘100 per cent AI generated’

  • Lloyd’s of London allows staff to work from home as heatwave hits the capital

  • Foxtons hits out at Renters’ Rights Act as profit halves

  • Grant Thornton partners pocket £35m from private equity deal

More from City PM

  • Ohmium Appoints Hydrogen Veteran as Chief Commercial Officer

    Business Wire
  • Kuwait Oil Company Signs US$ 16.0 Billion Infrastructure Partnership Involving Its Crude Oil Pipeline Network With a Consortium Comprising Blackstone, Brookfield and KKR

    Business Wire
  • Grid operator issues fresh heatwave warning over power supplies

    Energy
    Air conditioning vents in a grid pattern, illustrating cooling solutions during a heatwave
  • Councils accused of turning e-bike operators into ‘revenue stream’ as fees surge

    Transport & Infrastructure
    Lime faces growing scrutiny over its safety record.
  • Burnham to approve North Sea oil and gas drilling in policy blitz

    Politics
    North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.
  • Energy operator ‘flying blind’ as net zero push threatens hiked bills and blackouts

    Energy
    Energy prices are high due to a range of factors including volatile gas prices and high net zero levies.
  • Shell launches bumper buyback after earnings more than double on Middle East turmoil

    Energy
    Shell CEO Wael Sawan in a boardroom setting, highlighting his reported £4.5m pay boost under new remuneration policy.
  • Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant

    Insurance
    Rising borrowing costs depicted amid escalating tensions following the Iran war, illustrating economic impact on global ma...
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook