EU budget commissioner doesn’t expect Nord Stream to restart this week

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SINGAPORE–The European Commission doesn’t expect gas supplies to Europe from Russia through the Nord Stream pipeline to restart when scheduled maintenance ends this week, Commissioner Johannes Hahn said Tuesday.

“We’re working on the assumption that it doesn’t return to operation,” he told reporters on the sidelines of a conference in Singapore.

The pipeline closed a week ago for maintenance that was expected to last 10 days, with July 21 pegged for its reopening. The closure has stoked fears in Europe that the Kremlin could end supplies in retaliation for sanctions against its invasion of Ukraine.

Mr. Hahn, commissioner for budget and administration, was in Singapore to promote a European Union investment and recovery plan. The bloc is hoping to raise around 800 billion euros ($811.56 billion) from domestic and foreign investors over the next few years.

Write to Jason Douglas at jason.douglas@wsj.com

This article was originally published by Marketwatch.com. Read the original article here.

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