German stakeholder in Nord Stream 1 natural gas pipeline rejects calls to shut it down in response to the Russian invasion of Ukraine
It’s clear that Germany needs the gas from North Stream 1 like it needs a piece of bread in a famine. That being said, North Stream 2 was almost finished which means the money was spent and now it’s a dead multi-billion USD tube in the water. At least North Stream 1 had some time to make some of the money its construction had cost back. But if I was in E.ONs shoes I would not feel too confident. The war in Ukraine seems to become a protracted stalemate and it’s not unlikely that Russia will resort to even harsher measures if only out of frustration. Not good, not good at all.
E.ON told the Rheinische Post that it had rejected calls from Poland to shut down the key gas pipeline over Russia's invasion of Ukraine.