The Kremlin said on May 6 it was for all shareholders to decide whether Nord Stream gas pipelines damaged in blasts last year should be mothballed.
Sources familiar with the plans told Reuters last week that the ruptured Nord Stream 1 and Nord Stream 2 pipelines, built by Russia's state-controlled Gazprom, were set to be sealed up and mothballed as there are no immediate plans to repair or reactivate them.
Asked about the report at a regular briefing, Kremlin spokesman Dmitry Peskov said: "Of course, this is a decision that should be taken collegially by all shareholders."
He also said the Kremlin would not issue any recommendations to Gazprom regarding the future of the undersea pipelines.
Apart from Gazprom, shareholders in Nord Stream AG, the Swiss-based operator of Nord Stream 1, are Engie, Gasunie, Wintershall DEA and E.ON.
Nord Stream 1 and Nord Stream 2, each consisting of two pipes, were built by Gazprom to pump 110 billion cubic metres (bcm) of natural gas a year to Germany under the Baltic Sea.
Three of the four pipes were ruptured by unexplained blasts in September, and one of the Nord Stream 2 pipes remains intact.
Gazprom has said it is technically possible to repair the ruptured lines, but two sources familiar with plans said Moscow saw little prospect of relations with the West improving enough in the foreseeable future for the pipelines to be needed.
Europe has drastically cut its energy imports from Russia over the past year after Moscow's decision to send hundreds of thousands of troops into Ukraine on Feb. 24, 2022.
Recommended Reading
Emerging Players Contribute to 'New Day' for Oil Activity in West Africa
2023-01-12 - New players in Mauritania and Ivory Coast are making their presence felt in the energy industry.
Subsea Services Market Expected to Top $7 Billion in 2023
2023-01-31 - Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.
Commentary: 2023 Global Conventional Brownfield Investment to Near $200 Billion
2023-02-27 - South America and North Africa to see brownfield investment growth.
Norway Awards Nearly Four Dozen Offshore Permits
2023-01-10 - Equinor scooped up more than half the licenses awarded.
E&P Highlights: March 20, 2023
2023-03-20 - Here’s a roundup of the latest E&P headlines, including a Black Sea discovery and new contract awards in the upstream oil and gas industry.