​Europe’s gas crisis is here

“Nord Stream 1, the pipeline that delivers natural gas from Russia to Germany, was shut down this week for annual maintenance. Typically, this is routine. But typically, a war isn’t raging in Europe. That’s why Germany — and the rest of the European Union — was nervous that when the 10-day maintenance was scheduled to end on July 21, the pipeline wouldn’t come back online. Instead, Russia might keep it closed, or drastically reduce its flows, as retaliation against Germany and the rest of Europe for sanctions and their support for Ukraine. The worst didn’t happen. Gas is flowing through Nord Stream 1 again as of Thursday morning, though at less than half of its capacity. ...”

A young Ukrainian rallies against Uniper Energy, Germany’s largest importer of gas from Russia, in front of the company’s headquarters in Duesseldorf, Germany, on July 14


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