FIRST READING: Canada gets leverage over Putin ... and immediately blows it
First Reading is a daily newsletter keeping you posted on the travails of Canadian politicos, all curated by the National Post’s own Tristin Hopper. To get an early version sent direct to your inbox every Monday to Thursday at 6:30 p.m. ET (and 9 a.m. on Saturdays), sign up here. TOP STORY For a brief moment, Canada found itself in the rare position of exercising near-unprecedented leverage over the Russian Federation. Without a single dollar For a brief moment, Canada found itself in the rare position of exercising near-unprecedented leverage over the Russian Federation.
Brussels/Berlin. Deadline was September 1st - now the goal has been achieved early: Despite the delivery quantities from Russia, which have been significantly reduced for weeks, German gas stores are again filled with more than 75 percent. © Uwe Lein A worker is on the roof of a system during a press appointment in the Haidach gas storage facility (symbol image).
according to the latest, preliminary data from the European gas storage operator of Saturday evening, the fill level on Friday morning was 75.43 percent. The first memory goal of a new regulation was thus achieved more than two weeks earlier than prescribed. The level is always reported with delay.
State Dept. backs up Canada's decision to return Nord Stream 1 turbines to Germany
WASHINGTON — The federal government has found a powerful supporter for its decision to allow a natural gas pipeline between Russia and Europe to resume operations. The U.S. State Department says it backs Canada's decision to send repaired turbine equipment vital to the Nord Stream 1 pipeline back to Germany. Spokesman Ned Price says it's the right decision because it will allow Europe to fortify its gas reserves in the short term. Price saysThe U.S. State Department says it backs Canada's decision to send repaired turbine equipment vital to the Nord Stream 1 pipeline back to Germany.
The regulation stipulates that the German memory must be at least 75 percent filled on September 1. On October 1st it should be at least 85 percent and at least 95 percent on November 1st. The memory equalizes fluctuations in gas consumption and thus form a kind of buffer system for the gas market. If you continue to save at the same pace as last, the 85 percent mark should be reached before October 1st.
The Federal Government wants to achieve with various measures that the gas storage in Germany is almost full at the beginning of the heating season. Germany is said to be better prepared against a total failure of Russian deliveries in winter. The gas volume stored at a level of 95 percent corresponds to the nationwide consumption in January and February 2022.
The level was about 0.58 percentage points above the previous day. According to the Ines memory association, the currently strong storage is made possible primarily through low summer consumption and strong imports from northwestern Europe.
Will Canada boost LNG exports amid German concerns? ‘Business case’ is key: Trudeau .
Canada's best bet for helping Germany right now, Prime Minister Justin Trudeau added, is to "continue to contribute to the global market."The answer, he suggested, lies with businesses.