BP, ConocoPhillips Among Potential Beneficiaries Of Upcoming Nord Stream 1 Pipeline Closure Russia’s state-owned multinational energy corporation announced another maintenance closure of the Nord Stream 1 pipeline, following a reduction in natural gas volume over the past few weeks, as the pipeline is currently operating at 20% of the contractual volume, per CNBC. What Happened: The Nord Stream 1 pipeline will be shut down for three days starting August 31 through September 2, as Gazprom cited a compressor required servicing. The announcement of the closure sent European natural gas prices skyrocketing on Monday, as the Dutch TFF Gas futures for September 22 increased by 10.43% or 269 euros per megawatt hour. As we head into winter, Russia could ramp up its war game efforts by cutting off European nations from … Full story available on Benzinga.com