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Germany Suspicion Nord Stream Leaks an Act of Sabotage

NATURAL GAS

Germany believes damage to both the Nord Stream 1 and Nord Stream 2 pipelines are the result of sabotage.

  • The evidence points to a violent act, rather than a technical issue, according to a German security official speaking with Bloomberg.
  • “The destruction that happened within one day at three lines of the Nord Stream pipeline system is unprecedented,” the operator of Nord Stream said earlier today. “It’s impossible now to estimate the timeframe for restoring operations of the gas shipment infrastructure.”
  • Gas prices have traded higher today on the news that this could be sabotage. The damage has not disrupted gas flows to Europe with neither pipeline currently in operation.

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