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Business Matters: Russia switches off the gas

Russia switches off the gas

01/09/2022 GMT

BBC World Service - Business Matters, Russia switches off the gas

European leaders fear future gas price increases as Nord Stream 1 is paused for repairs

European leaders fear future gas price increases as Nord Stream 1 is paused for repairs by the Russian government.

European leaders fear of future price increases as Nord Stream 1 is paused for repairs by the Russian government. Moscow say it's because more repair work is needed, despite repairs already being carried out in July. Stefan Lechtenböhmer, Director of Future Energy and Industry Systems at the Wuppertal Institute, in Germany tells us just how common these last minute repairs are.

In the UK, the world's largest offshore windfarm, the Hornsea Two Project, has become fully operational and can generate enough electricity to power more than a million homes. We hear from Duncan Clark, head of UK operations at Orsted, which owns the windfarm, to find out how big this green project is.

We then go to space where MOXIE, an experiment between NASA and the Massachusetts Institute of Technology, has successfully made oxygen from the carbon dioxide rich atmosphere of Mars, and Michael Hecht, Associate Director at the Haystack Observatory at the Massachusetts Institute of Technology, reveals how this could make human settlement on Mars possible.

Meanwhile, Amazon's Lord of the Rings: Rings of Power launches on Thursday - and could cost over $1 billion when it concludes its 5 season run. As it debuts shortly after HBO's House of the Dragon, film critic Sheraz Farooqi unravels why this could be Amazon's big moment in the streaming wars.

Throughout the programme we're joined by Alexander Kaufman, Environment Reporter for the Huffington Post in New York, and Business Development Consultant Jessica Khine, in London to discuss the latest business news.

(Picture: The Nordstream Pipeline. Picture Credit: JOHN MACDOUGALL/AFP via Getty Images)

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