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Reuters
Reuters
Politics
By Tom Balmforth

Energy war as West caps Russian oil price, Moscow keeps gas pipe shut

View towards Nord Stream 1 Baltic Sea pipeline and the transfer station of the Baltic Sea Pipeline Link in the industrial area of Lubmin, Germany, August 30, 2022. REUTERS/Lisi Niesner

Rich countries agreed on Friday to try to cap the global price of Russian oil, while Russia delayed the re-opening of its main gas pipeline to Germany, as both sides raised the stakes in an energy war between Moscow and the West over Ukraine.

Russia's state-controlled energy giant Gazprom blamed a technical fault in the Nord Stream 1 pipeline. But the high-level manoeuvres in energy politics underlined the pervasive impact of the conflict, far beyond Ukraine's borders.

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