The force majeure wasn't declared just based on one pipeline, but it does including the Nord Stream 1. It basically is a cancellation of all existing gas contracts (mainly to Germany) citing circumstances beyond Gazprom's control. It could involve multiple pipelines for several different reasons.
The main thing is that Russia is no longer obligated to fulfill those contracts due to uncontrolled circumstances (which they didn't specify). Watch the Euro drop in value by another 5% this week vs. the U.S. dollar.
So is this the big one that was supposed to be turned back on around the 23rd or something else?
The force majeure wasn't declared just based on one pipeline, but it does including the Nord Stream 1. It basically is a cancellation of all existing gas contracts (mainly to Germany) citing circumstances beyond Gazprom's control. It could involve multiple pipelines for several different reasons.
The main thing is that Russia is no longer obligated to fulfill those contracts due to uncontrolled circumstances (which they didn't specify). Watch the Euro drop in value by another 5% this week vs. the U.S. dollar.
Seems like this is actually really big news. Man, I hope the based Germans out there are preparing themselves.