Siemens Energy Sees No Signs of Movement on Portovaya Turbine Delivery - CEO

Christoph Steitz
Friday, September 30, 2022

Siemens Energy ENR1n.DE does not expect to be able to deliver a turbine for the Portovaya compressor station in Russia that is used to pump gas through the Nord Stream 1 pipeline, its chief executive told German magazine Der Spiegel.

The pipeline, which was damaged earlier this week in what European governments suspect may have been sabotage, is majority-owned by Russia's Gazprom, which also operates the Portovaya station.

"We are still in talks with Gazprom. But I don't see any signs that we will receive an order to deliver the turbine," Christian Bruch said.

The turbine has been stranded in Germany since July, with Germany saying Moscow is preventing transport to Russia, while the Kremlin has said transport is subject to sanctions and cannot be done.

Bruch also commented on Siemens Gamesa, in which Siemens Energy owns a majority stake, saying that restructuring at the wind turbine maker might also include outsourcing certain production steps.

"The rapid ramp-up of offshore wind power will require high investments from manufacturers. However, they are all making losses at the moment," Bruch told Der Spiegel.

"The question must be allowed as to how much of the production we can still handle ourselves - or whether we want to bundle certain production steps with suppliers," Bruch said.

Siemens Gamesa on Thursday announced it would cut 2,900 jobs, mostly in Europe, to battle high procurement costs and operational issues at its next-generation turbine model.


 (Reuters - Reporting by Christoph Steitz. Editing by Jane Merriman)

Categories: Technology Energy Subsea Pipelines Industry News Activity Europe Production

Related Stories

Norway's 2025 Oil Output Climbs to Highest Level Since 2009

MOL’s Geoinform, Baker Hughes Team Up for Oil and Gas Tech

Aquaterra Energy Gets Multi-Year Well Intervention Job off Spain

Current News

Ndungu Full-Field Starts Up Offshore Angola

Norway's 2025 Oil Output Climbs to Highest Level Since 2009

AKOFS Offshore Inks New Vessel Deal with Petrobras

UK Trade Body Challenges Government View on North Sea Gas Decline

Subscribe for OE Digital E‑News