Gazprom Declares Force Majeure, Will Halt Gas Flows To Germany Indefinitely

Via ZeroHedge

Already days before the July 22 European “Doomsday” when the scheduled Russian 10-day maintenance of the crucial Nord Stream pipeline to Germany is slated to end – but which was thrown into deep doubt given Gazprom recently said it can no longer guarantee its “good functioning” due to crucial turbines being previously held up in Canada related to sanctions – the Russian energy giant has declared Force Majeure to one major European customer.

Simply put, Gazprom declared extraordinary and extreme circumstances to void itself from all contractual obligations to this customer, thus the gas will stop flowing indefinitely, as Reuters reports in a breaking development Monday, “Russian gas export monopoly Gazprom has declared force majeure on gas supplies to Europe to at least one major customer starting June 14, according to the letter seen by Reuters.” The letter is dated July 14. “It said the force majeure measure, a clause invoked when a business is hit by something beyond its control, was effective from deliveries starting from June 14,” writes Reuters.

The letter invoked “extraordinary” circumstances outside the company’s control, Reuters continues, citing a source saying the customer in question is Germany via the Nord Stream 1 pipeline.

And Bloomberg is also confirming:

  • GAZPROM SENT FORCE MAJEURE NOTICE TO AT LEAST 3 BUYERS
  • GAZPROM FORCE MAJEURE NOTICE APPLIES TO FLOWS FROM JUNE 14
  • UNIPER SAYS IT HAS RECEIVED LETTER FROM GAZPROM EXPORT IN WHICH COMPANY RETROACTIVELY CLAIMS FORCE MAJEURE FOR PAST AND CURRENT SHORTFALLS IN GAS DELIVERIES
  • UNIPER: WE CONSIDER THIS TO BE UNJUSTIFIED AND HAVE FORMALLY REJECTED FORCE MAJEURE CLAIM

As we’ve been detailing, German authorities have of late taken unprecedented steps in anticipation of an enduring Russian gas halt, essentially dimming the lights across the country – which has included everything from limiting hot water, to shutting down swimming pools, to quite literally dimming city street lights as it entered “alarm” stage over dwindling supply.

And as demonstrated in the Monday morning oil price spike (below: WTI crude futures for September), the bid for oil will remain strong the longer the force majeure holds, given utility companies and the manufacturing sector are likely to seek transition to oil from gas…

It seems this letter declaring its legal release from supply obligations going back to June 14 is in preparation for definitive action on July 22, namely that the pipeline’s operations are likely to remain suspended past the scheduled reboot/supply back online designated date.

In an analysis from earlier this month (available to pro subscribers), UBS economists laid out a detailed vision of what they see happening if Russia halts gas deliveries to Europe: It would reduce corporate earnings by more than 15%. The market selloff would exceed 20% in the Stoxx 600 and the euro would drop to 90 cents. The rush for safe assets would drive benchmark German bund yields to 0%, they wrote.

“We stress that these projections should be seen as rough approximations and by no means as a worse-case scenario,” wrote Arend Kapteyn, chief economist at UBS.

“We could easily conceive economic disruptions that lead to more negative growth outcomes.”

To be sure, markets are already pricing in some of the damage beginning with the euro which starting this month traded at a fresh two-decade low and touched parity with the dollar, something it hasn’t done since 2002.

Meanwhile the Paris-based International Energy Agency (IEA) is still even amid this “red alert crisis” for Europe bizarrely focused on responding to the emergency in a way “consistent with the EU’s climate ambitions”… this as Germany and other European populations are about to clearly enter an extremely difficult winter, to put it mildly.

From a fresh IEA report: After many months of warning signs, Russia’s latest moves to squeeze natural gas flows are a red alert for the EU – a snippet of which is below…

* * *

The world is experiencing the first truly global energy crisis in history. And as the International Energy Agency has been warning for many months, the situation is especially perilous in Europe, which is at the epicentre of the energy market turmoil. I’m particularly concerned about the months ahead.

The gas crisis in Europe has been building for a while, and Russia’s role in it has been clear from the beginning. In September 2021 – five months before Russia’s invasion of Ukraine – the IEA pointed out that Russia was preventing a significant amount of gas from reaching Europe. We raised the alarm further in January, highlighting how Russia’s large and unjustified reductions in supplies to Europe were creating “artificial tightness in markets” and driving up prices at exactly the same time as tensions were rising over Ukraine.

After Russia invaded Ukraine on 24 February, nobody in Europe or elsewhere could be under any illusions about the risks around Russian energy supplies. Just a week after the invasion started, the IEA released our 10-Point Plan to Reduce the European Union’s Reliance on Russian Natural Gas, setting out the practical actions Europe could take. It stressed the need to maximise gas supplies from other sources; accelerate the deployment of solar and wind; make the most of existing low emissions energy sources, such as renewables and nuclear; ramp up energy efficiency measures in homes and businesses; and take steps to save energy by turning down the thermostat.

Read more of the full IEA report here

Developing…

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54 Comments
KJ
KJ
July 18, 2022 12:34 pm

Refugees still welcome! The fraus need men who still have some testosterone to keep them warm at night.

rhs jr
rhs jr
  KJ
July 20, 2022 2:19 pm

Fraus, skip the American Blue cities where the White XYs run away from Black males like babies, unless you want a big sissy tattooed baby. Come to think of it, even big bad Texas Cops with bullet vests and shields run away from bad guys murdering school kids. Not many men left in the Woke West anymore. Vote republican 8Nov2022; we want to revoke that commie Woke shit.

BL
BL
July 18, 2022 12:46 pm

Not to worry, Germany announced they are frantically sourcing FIREWOOD to heat homes and government buildings. Carbon greenie footprint be damned. Shove a glowing hot fire log up Klaus’s arse, I love it. Smog, lots of smog.

Oldtoad of Green Acres
Oldtoad of Green Acres
  BL
July 18, 2022 6:49 pm

Here in the quaint burb of US of A I got a pile of firewood growing.
Seems to be a pretty popular thing to do.
Go figure, wonder why?

BL
BL
  Oldtoad of Green Acres
July 18, 2022 7:36 pm

Toad- I have two acres of firewood, several chords stacked here at the doomstead. Only problem is I was the idiot that put in a propane fueled fireplace. Duh!! I will at least be able to cook outside with the wood FWIW.

Anonymous
Anonymous
  BL
July 18, 2022 8:46 pm
B_MC
B_MC
July 18, 2022 12:48 pm

Germany won’t survive winter without Russian gas – official

The president of the national energy regulator has warned that Germany doesn’t have sufficient gas reserves

https://www.rt.com/news/559119-germany-wont-survive-winter-without-russian-gas/

Aunt Acid
Aunt Acid
July 18, 2022 12:49 pm

Too soon old, too late schmart, ja?

B_MC
B_MC
July 18, 2022 12:51 pm

Meanwhile, in the U.S. ….

Four U.S. Natural Gas Facilities Destroyed in Two Weeks

Four American natural gas facilities have been destroyed by explosions in the space of just a couple of weeks.

Several fires and explosions have hit the energy industry as the United States is battling a national energy crisis.

The news comes after a long string of incidents have impacted multiple key food production facilities in recent months.

Four U.S. Natural Gas Facilities Destroyed in Two Weeks

Aunt Acid
Aunt Acid
  B_MC
July 18, 2022 12:55 pm

Nothing to see here, serf. Move along, NOW.

Anthony Aaron
Anthony Aaron
  B_MC
July 18, 2022 3:52 pm

Just a coincidence … pay no attention …

LoneStar42
LoneStar42
July 18, 2022 1:00 pm

Should have opted for President Trump’s offer for LNG from the US.

PJ London
PJ London
  LoneStar42
July 19, 2022 4:15 am

No, they should have accepted that Russia had every reason to invade Ukraine, that a genocide against the Russian speaking Ukrainians had been ongoing for 8 years and that 700,000 Ukrainian troops were mobilised to ‘retake’ Donbas and Crimea and slaughter the Russian speakers.
Instead they shoved their noses up Biden’s (Obama’s) rectum and agreed to everything that they asked.
Let the German economy be destroyed so that US would be richer.
“Should have opted for President Trump’s offer for LNG from the US.” at twice the price so that Texas millionaires could become billionaires.

B_MC
B_MC
July 18, 2022 1:09 pm

Do you see how many White people have been propagandized to hate their own race?

Case in point….

Dance School Drops Ballet from Auditions for Being ‘Built Around White European Ideas’

“It is a very specific form that is built around particular white European ideas and body shapes that are often alienating to young people who do not fit that aesthetic ideal,” she asserted.

https://www.breitbart.com/europe/2022/07/17/dance-school-drops-ballet-auditions-being-built-around-white-european-ideas/

Svarga Loka
Svarga Loka
July 18, 2022 1:18 pm

Henry Morgenthau doing shots in his grave since his plan is finally panning out.

Iska Waran
Iska Waran
July 18, 2022 1:18 pm

It’s the responsibility of all people to tune out propaganda. I wish the Germans weren’t burdened by guilt and wanted to preserve their own people, but they are and they don’t. It is what it is.

Todd Packer's Mentor
Todd Packer's Mentor
  Iska Waran
July 18, 2022 7:06 pm

ArcPhnx: Your comments are always interesting.

Arizona Bay
Arizona Bay
July 18, 2022 1:38 pm

I think shutting off the gas is a bad idea. Would make more sense to give them 70% of what they need and let them fight each other for it. You can be certain no government person would be without heat while the proles burn pallets in barrels to stay warm.

Turning off the gas completely could allow politicians to unify by saying “They did this to you” when in reality it was their own leaders all along.

Anonymous
Anonymous
  Arizona Bay
July 18, 2022 3:44 pm

Excellent analysis

m
m
  Arizona Bay
July 19, 2022 6:40 am

Russia still hasn’t closed the Soyuz pipeline, running through Ukraine to Europe.
Only Ukraine decided to reduce flows by 30%, since mid-May.

I think Putin is giving Zelensky (i.e. the US) an opportunity they can’t refuse using…

Guest
Guest
July 18, 2022 2:34 pm

Yes. The plandemic totally vindicated (meaning it’s not just them) the German people by showing 99% of everyone would have done the same. Your relatives, friends, neighbors, businesses, medical people…
And the medical nazis are still at it.

Warren
Warren
July 18, 2022 3:34 pm

A woman I know once told me that her father and uncles buried weapons in caches in Germany as the war was ending.
Time for their children to start digging up the old K98s and S TG 44s, Machine Pistols and get to work.

Anthony Aaron
Anthony Aaron
July 18, 2022 3:54 pm

(((They))) have cucked the German people since at least the Treaty of Versailles … and have been doing it to them ever since … and to US as well … 

Arthur
Arthur
July 18, 2022 4:01 pm

Here we go! Buckle up!

Ben Lurken
Ben Lurken
July 18, 2022 4:37 pm

That’s the Yo/AP that I’m here for. And I was just wondering this morning, when that link went missing from the Ron Paul piece, what happened to that guy.

Ben Lurken
Ben Lurken
  Ben Lurken
July 18, 2022 5:35 pm

Respectfully, I don’t think that Yo is coming back. Understand tho. Much labor, I’m sure, went into many articles and comments on this website, that I understand no longer exist.
So this version above, at 12:57, answers for me a question I’ve often asked myself. Why do the Germans put up with the stupidity of their Government? Along with many other questions regarding not only Germans but Europeans in general. Although, it was good to see that some German farmers were protesting in solidarity with Dutch farmers.
Thank you for the response AP. And I think a lot of us recently went through a change. Or put another way we’re evolving faster.

Fleabaggs
Fleabaggs
  Ben Lurken
July 18, 2022 6:45 pm

If it’s true that people are evolving faster, maybe it’s time we got serious about Why “THEY” ARE KILLING YOU AND YOU”RE KIDS..
He who controls history controls the world. They have stolen your identity and convinced you that you are an inferior race. Here is the 3rd grade version I post on public sites because I cannot assume the state of awareness of possible readers. Only one of every 10 who inquire about my info ever comes back for more because it is a hard thing to accept the full depth of the delusion that has been shoved down our throats for two centuries.

Who are (((They))) and who are you?

They are KENITES. Hybrid Angel/Human offspring or progeny of Satan by way of Cain.

We WHITE BOYZ are Offspring of ADAM by way of Noah through Shem. Yes we are the Shemites or Semites, also of Japheth and Ham. Ham was not a nigger nor a sub Saharan Negroid. Austrian Peter has linked a superb book on Egypt and the Hamites. “A Test of Time” The Bible from Myth to History by David Rohl.

They want you dead or Mulattoized either in deed or DNA. This war began in Pre-Adamic times that Schofield and his keeper Sam Untermyer, a Juuish NYC Bankster have convinced you is heresy to even suggest.
Here is a brief geneology with the link. Following up is a link to who we were before Eden and what our purpose here is. Neither link is too long so scoff after you check them out. Don’t be guilty of contempt prior to investigation.

10 NATIONS OF THE KENITES

Cain’s children eventually mixed with the children of Canaan. Now we have several families of a Satanic, incestuous, fallen angel seedlines. These are all referred to as Canaanites.

KENITES – Descendants of Cain

KENIZZITES – branch of Kenites, nomadic hunters.

KADMONITES – serpent worshipers of the Middle East, Mt Herman where the fallen angels descended from Heaven.

HITTITES – Descendants of Heth. Also the tribe Esau married into, corrupting his line.

PERIZZITES – dwelled in the north Canaan forest country of Shechem.

REPHAIM – Giants

AMORITES – offspring of the fallen angels and Canaan’s descendants

CANAANITES – Canaan’s descendants that stayed with him.

GIRGASHITES – prehistoric nomads and Canaan

JEBUSITES – another hybrid tribe of Canaan

In the time between Noah and Abraham, the land was being populated by the children of Cain and the children of Adam.

Ham’s children settled Egypt, Ethiopia, North Africa and much of Arabia.

Japheth’s children settled mostly the north and west and some went east. Areas include the steppes of Russia and Mongolia. Georgia, Persia, Spain, Portugal, Hungarians, Romanians, Turkey, Czechs, Slavs, and some branches of the Greeks.

Shem’s children went on to father the Assyrians, Chaldeans, Syrians, Aramaeans, Indo-Europeans, Hebrews, and Arabians.

All 3 of these brothers were white Adamites, and these nations were all once white nations.

Race-mixing with the tribes of the Canaanites polluted and changed these once white nations into the mixed multitudes we now have today.

America was once a white nation, today it is a cesspool of miscegenation.

The descendants of Ham (Egyptians, etc.) were quickly mixed with Canaanites shortly after the death of Joseph. The children of Japheth still have some pure blood today.

The children of Israel are from the line of Shem. This was the line guided and chosen by Yahweh to be the ‘light of the world’. The children of Jacob take center stage for the rest of the scriptures. The children of Cain and of Esau continue the enmity against them.

The Jews are NOT descendants of ADAM or JACOB. They are the descendants of Cain and of Esau.

Cain

Did it ever occur to you that you have been deceived about which came first, the earth or you?

If you have been taught, as I was, that in Gen. 1:1 God created the heaven and the earth first and later, on the sixth day, He created us, my Bible disagrees and we have been deceived.

Let’s look at that time before the beginning, before Gen. 1:1, when God brought into being the souls of all His many children, including you and me, who are “created sons of God”, even as we are called in the Bible.

That’s right, you were, and you are, a created son of the living God, and you and I are “older than the hills”.
“I don’t believe it”, you say.

Stick around, I’ll show it to you in His Word.

You can reject it if you choose, because you never heard it before
and because it sounds strange to you.

All of us souls, God’s children, were brought into being, and than our Father proceeded to build for us, His family, the most beautiful Home in all of the Universe.

He called it Earth.
Then, when our Father had finished building, i.e. creating the earth,
We, His children were so thrilled and so excited that we shouted for joy!
Here’s your documentation:

https://www.americanwisdomseries.com/The%20Pre-Adamic%20World.html

Anonymous
Anonymous
  Fleabaggs
July 18, 2022 10:50 pm

Very unusual theology. Upvoted for being original.

Fleabaggs
Fleabaggs
  Anonymous
July 19, 2022 11:48 am

Unusual today because the Schekel Schysters have had 120 years to purge it from the seminaries and universities where mainstream America gets it’s pastors and biblical scholars.

rhs jr
rhs jr
  Fleabaggs
July 20, 2022 2:40 pm

I down voted this because it is history and science rubbish.

Svarga Loka
Svarga Loka
  Ben Lurken
July 18, 2022 9:13 pm

What, did you get your period or something?

Anonymous
Anonymous
July 18, 2022 5:29 pm
Anonymous
Anonymous
  Anonymous
July 18, 2022 8:52 pm

I doubt the pearl-clutching faggots in the EU bureaucracy will still be employed next spring. EVERY EU member country is being harmed by the insane political posturing coming from the EU.

They would all be better off without the EU.

This fiasco is a massive opportunity to destroy the EU.

Aunt Acid
Aunt Acid
  Anonymous
July 18, 2022 9:41 pm

From your typing to Allah’s eyes.

rhs jr
rhs jr
  Aunt Acid
July 20, 2022 3:00 pm

If you want your mail read, send it to the Risen Lord that really lives and has been appearing to millions of people for about 2,000 years.

Anonymous
Anonymous
July 18, 2022 7:05 pm

Blame the people of the Netherlands, they started this force manure thingy.

Stucky
Stucky
July 18, 2022 10:23 pm

“Imagine how much they must hate themselves. Imagine how brainwashed they are. Imagine how their national sense of self and sense of a people has been systematically and psychologically CRUSHED on purpose.”

Worrying about how Germans feel about themselves is #99 on my list of 100 things to worry about …right above my concerns about regular bowel movements.

What you have just done is Niggerized the German people. Given them one excuse after another —- “it’s not our fault, we wuz brainwashed, waaaa!” —-blame everybody but themselves for their sorry state.

Gott hilfe uns, if we need to rely on Germans to save the white race!!

I think a much better option for White Salvation resides in Russia.

m
m
  Stucky
July 19, 2022 6:31 am

Fully agree with Stucky here.
I’ve lived in Germany almost half my life, and still have a few German “friends” (because I stopped telling them how I really think, I suppose) –
and it’s fukkin over for them.

2015: “…but we can’t just close the border [for the refugees]!” “Well, as a rough first estimate, I’d say half of Africa would like to move to Germany, if they could. You’re OK with that?” Silence.
(And to be clear, I believe the effect of those immigrants is still by far not in the top 3 of their problems.)

And it has only gotten worse, much worse, since then.

Stucky
Stucky
  Stucky
July 19, 2022 10:39 am

Not interested.

Good night.

PJ London
PJ London
July 19, 2022 4:08 am

“Atrocity propaganda is how we won the war. And we’re only really beginning with it now! We will continue this atrocity propaganda, we will escalate it until nobody will accept even a good word from the Germans, until all the sympathy they may still have abroad will have been destroyed and they themselves will be so confused that they will no longer know what they are doing. Once that has been achieved, once they begin to run down their own country and their own people, not reluctantly but with eagerness to please the victors, only then will our victory be complete. It will never be final. Re-education needs careful tending, like an English lawn. Even one moment of negligence, and the weeds crop up again – those indestructible weeds of historical truth.” – Sefton Delmer, 1904-1979, former British Chief of Black propaganda, said after the German surrender, in 1945, in a conversation with the German professor of international law, Dr. Friedrich Grimm

Svarga Loka
Svarga Loka
  PJ London
July 19, 2022 7:16 am

As a German, I know very well the feelings of shame and lack of pride that pervades our view of ourselves as a people. The “black propaganda” described here starts in 2nd grade or so and never lets up. Having said that, there is an undercurrent of awareness of the early stages of totalitalitarianism, at least in a minority of intellectuals. Coupled with the indestructible tendrils of historical and universal truth, I believe that Germany will lead geographical Europe out of the deadly grip of mass formation, but economical “Europe” will not exist any more in the end.

m
m
  Svarga Loka
July 19, 2022 8:46 am

Care to mention any such “minority intellectuals”? I don’t know any.
(I read the last Precht book [“Von der Pflicht”], and could only pull my hair out. Someone who, in all seriousness, emphasizes the irrevocable right to peaceful assembly after you have made sure there isn’t a single far-right extremist in the crowd, just lost the right to call himself a philosopher.)

I expect they [the German minority intellectuals] all tend towards a ‘moar perfection will get us out of this mess’ stance, but which will only make things worse, and/because it is anti-Christian.

Svarga Loka
Svarga Loka
  m
July 19, 2022 11:15 am

Don’t read Precht. Read Kaiser.

m
m
  Svarga Loka
July 19, 2022 11:40 am

Too many Kaisers. Which one – Gunnar?

Stucky
Stucky
  Svarga Loka
July 19, 2022 10:37 am

“As a German, I know very well the feelings of shame and lack of pride that pervades our view of ourselves as a people. “

Really??????

Not ONCE, not EVER have I heard my parents express “feelings of shame and lack of pride”. Nor ANY of our many German friends. Nor myself.

Obviously, such people do exist. I have READ about it. But, imho, the idea posited by Arch that this is a Yuge national problem in Germany strikes me as propaganda nonsense.

Svarga Loka
Svarga Loka
  Stucky
July 19, 2022 11:18 am

I am not talking about my parent’s generation, born in the late 1930s/early 1940s. I am talking about the shame of MY generation, born in the 1970s and 1980s, which cuts deep. My husband keeps telling me I have to let go of it, since I cannot keep carrying the guilt of generations prior. I am not sure how future generations will feel. And I suppose I cannot describe it to you in words.

Svarga Loka
Svarga Loka
  Stucky
July 19, 2022 11:19 am

Came here in 2001.

Svarga Loka
Svarga Loka
  Svarga Loka
July 19, 2022 11:32 am

I just want to join in the shit throwing.

Be nice, boys!

Stucky
Stucky
  Stucky
July 19, 2022 11:28 am

Your sarcasm and twisting my words to mean something other than what I said is really quite annoying. This is why I’m “not interested”.

Abigail Adams
Abigail Adams
  Stucky
July 19, 2022 11:35 am

The sarcasm is quite funny though…

Stucky
Stucky
  Stucky
July 19, 2022 11:31 am

You are a world-class fucking asshole.

Stucky
Stucky
  Stucky
July 19, 2022 9:46 pm

Okey dokey.

I’m on chapter4 of a book ==== “The Jewish Religion: Its Influence Today”, by Elizabeth Dilling.

Ever heard of it? The whole book is online and FREE ….. no downloads, subscription, etc. …..just click the link and read.

http://come-and-hear.com/dilling/index.html

m
m
  Stucky
July 19, 2022 11:39 am

OK, now you’ve twisted it so far into the other extreme [opposite of AP], that I can also only strongly disagree with you.

Iska Waran
Iska Waran
  Svarga Loka
July 19, 2022 11:46 am

We all have a undercurrent of awareness. That ain’t gonna cut it.