Siemens: Nord Stream leak should not have halted supply - Breaking The News
Download our appPlay StoreApp Store

Siemens: Nord Stream leak should not have halted supply

EPA-EFE/YURI KOCHETKOV

Siemens Energy AG stated on Friday that the alleged oil leak on the Nord Stream pipeline, that led Gazprom to shut down the operation of the turbine is no reason to halt its operation, as similar incidents "normally do not affect the operation of a turbine and can be sealed on site."

"It is a routine procedure within the scope of maintenance work," the company said in a statement. Siemens Energy stated that regardless of the issue, there are enough additional turbines present at the Portovaya Compression Station for Nord Stream 1 to function.

Previously, the Russian energy giant halted operations after two parties detected an oil leak at the Portovaya Compression Station located on the Russian coast of the Baltic Sea.

Related Stocks
Gazprom
SIEMENS ENERGY
Related News
Siemens Energy jumps 12% on upbeat guidance
Siemens Energy AG's shares surged more than 12% on Thursday on the Frankfurt Stock Exchange following its revised fiscal 2025 projections.The industrial giant announced after market close yesterday that it now anticipates comparable revenue growth between 13% and 15%, revising upward from its previous forecast of 8% to 10%. Initial quarterly figures revealed revenue climbing 20.7% year-over-year to €9.96 billion, with profits reaching €615 million,...
Trump quotes Putin: If you're my friend, I'd hate to see my enemy
United States President Donald Trump recalled a conversation with Russian President Vladimir Putin, saying Putin once told him, "If you're my friend, I'd hate to see my enemy." Trump made the remark in an interview with Fox News while discussing his recent interactions with Putin. He defended his strong policies on Russia and also claimed that before his presidency, "nobody even heard of Nord Stream 2," referring to the Russian gas pipeline to Germany. Nord...
Siemens to cut over 6,000 jobs worldwide
Siemens AG intends to lay off 5,600 employees in automation business worldwide, including around 2,600 in Germany, and about 450 workers in electric vehicle charging business globally in order to enhance competitiveness in the two sectors, the company said in a press release on Tuesday. "As far as possible, the people affected are to be offered opportunities for re- and upskilling. Job placement inside the company will also play a key role in...
Siemens Energy to supply Rolls-Royce for nuclear project
Siemens Energy announced on Friday a deal to become the exclusive supplier of key conventional technology for Rolls-Royce's future small modular nuclear reactors (SMRs).The deal, expected to be finalized by the end of 2025, will see Siemens Energy providing steam turbines, generators, and auxiliary systems for Rolls-Royce's Generation 3+ modular nuclear plants.The partnership comes amid a growing global push for SMRs, which promise faster and cheaper...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.