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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Germany Confirms Canada Will Deliver Turbine for Nord Stream
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Post by Carjack on Jul 09, 2022 3:27am

Germany Confirms Canada Will Deliver Turbine for Nord Stream

(Reuters) — Germany on Friday confirmed that the government had received a positive signal from Canada regarding the delivery of a turbine needed for the maintenance of the Nord Stream 1 gas pipeline to Germany, but could not say that the turbine had been delivered.

Russia's Gazprom cut capacity along the Nord Stream 1 pipelineto just 40% of usual levels last month, citing the delayed return of equipment being serviced by Germany's Siemens Energy, in Canada.

A decision to return the turbine had already been taken, a source familiar with the issue told Reuters on Thursday.

The turbine would be sent to Germany first which will then deliver it to Gazprom so Canada does not breach any sanctions, a government source told Reuters.

Siemens Energy declined to comment on the news.

The Kremlin on Friday said it would increase gas supplies to Europe if the turbine was returned.

Ukraine opposes Canada's handing over the turbine to Gazprom and Kyiv believes such a move would flout sanctions on Russia, a Ukrainian energy ministry source said on Thursday.

 
Comment by Carjack on Jul 09, 2022 8:56pm
Canada to Return Sanctioned Nord Stream Turbine to Germany Canada has agreed to export a natural-gas turbine back to Germany for use in the Nord Stream pipeline, issuing a “time-limited and revocable” permit to exempt it from sanctions on Russia’s oil and gas industry. The decision was made over the objections of Ukraine’s government and the large Ukrainian diaspora in Canada, who argued that ...more  
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