The Nord Stream 1 gas pipeline from Russia to a desperate Europe was supposed to re-open yesterday, instead, Russia announced that it will remain closed due to an oil leak, indefinitely. The announcement was made after markets closed. Germany has about 3 months of gas in storage.

Gas prices are expected to rise Monday.

Ukraine war: Russia to keep key gas pipeline to EU closed

By Robert Plummer & Oliver Slow BBC News

Faisal Islam, the BBC’s economics editor, described the indefinite closure of Nord Stream 1 as a very serious development, noting that Russia had kept supplies into Europe flowing even at the height of the Cold War.

The stand-off with Russia has forced countries to fill their own gas supplies, with Germany’s stores increasing from less than half in June to 84% full today.

Apparently this is the oil spill that shut down a billion dollar pipeline:

Just bad luck then?

Twitter commenters have some doubts:

@PolemicTMM –– Masterful trolling of the EU by Mr P.

@PrivatinvestN — Is this a Friday night joke or have they actually published this?

@JavierBlas — They did. […]