Ten Things You Need to Know Today: 3 September 2022

The Week’s daily digest of the news agenda, published at 8am

1. Gazprom shuts down pipeline indefinitely

Russia’s crucial gas pipeline to Germany will not reopen as planned today, state energy firm Gazprom has said. The company claimed it had discovered an oil leak in a turbine on the Nord Stream 1 pipeline, meaning it would be closed indefinitely. The move came hours after G7 countries agreed to impose a price cap on Russian oil in a bid to stem the flow of funds to Moscow. The development raises fears that Europe, and Germany in particular, will be forced to significantly curtail power usage for households and businesses this year.

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