Nord Stream Blast
Posted: Tue Sep 27, 2022 11:08 am
Blasts Detected Near Nord Stream As Images Reveal "Huge Leak"
BY TYLER DURDEN
TUESDAY, SEP 27, 2022 - 08:56 AM
Update (10:25ET):
AFP News reported the US is 'ready to provide support' to Europe after the Nord Stream pipeline system leaks.
There was no further information on what type of support, but one can only imagine it would involve increased LNG cargo shipments to the EU.
There's only one issue...
The plot thickens about what caused damage to three lines of the Nord Stream gas-pipeline system under the Baltic Sea to Europe as some European officials now suspect sabotage.
Nord Stream AG, the operator of the NS pipeline system, published a statement Tuesday that read, "the destruction that happened within one day at three lines of the Nord Stream pipeline system is unprecedented ... and impossible now to estimate the timeframe for restoring operations of the gas shipment infrastructure."
On Monday, NS2 gas pipeline and two NS1 lines reported rapid pressure drops, with gas leaks reported by Swedish and Danish authorities in the Baltic Sea near the exclusive economic zone southeast of Bornholm island.
Pressure drops in the NS gas-pipeline system could be the biggest signal that flows via NS1 might not resume this winter. Germany and surrounding countries are investigating the incident. NS2 cannot impact flows to the EU because the controversial idled conduit was never operational after German Chancellor Olaf Scholz canceled it after Russia invaded Ukraine earlier this year.
Klaus Mueller, the president of the German energy network regulator, tweeted that the market situation remains "tense," but Germany and the EU are no longer dependent on NS supplies.
Nord Stream AG issued an outage message that is active until Oct. 26, while the German economy ministry said it's investigating the incident.
Dutch front-month gas, the European benchmark, was up nearly 10% at 190.50 euros per megawatt-hour on Tuesday morning.
Read More: https://www.zerohedge.com/commodities/d ... -sabotaged
BY TYLER DURDEN
TUESDAY, SEP 27, 2022 - 08:56 AM
Update (10:25ET):
AFP News reported the US is 'ready to provide support' to Europe after the Nord Stream pipeline system leaks.
There was no further information on what type of support, but one can only imagine it would involve increased LNG cargo shipments to the EU.
There's only one issue...
The plot thickens about what caused damage to three lines of the Nord Stream gas-pipeline system under the Baltic Sea to Europe as some European officials now suspect sabotage.
Nord Stream AG, the operator of the NS pipeline system, published a statement Tuesday that read, "the destruction that happened within one day at three lines of the Nord Stream pipeline system is unprecedented ... and impossible now to estimate the timeframe for restoring operations of the gas shipment infrastructure."
On Monday, NS2 gas pipeline and two NS1 lines reported rapid pressure drops, with gas leaks reported by Swedish and Danish authorities in the Baltic Sea near the exclusive economic zone southeast of Bornholm island.
Pressure drops in the NS gas-pipeline system could be the biggest signal that flows via NS1 might not resume this winter. Germany and surrounding countries are investigating the incident. NS2 cannot impact flows to the EU because the controversial idled conduit was never operational after German Chancellor Olaf Scholz canceled it after Russia invaded Ukraine earlier this year.
Klaus Mueller, the president of the German energy network regulator, tweeted that the market situation remains "tense," but Germany and the EU are no longer dependent on NS supplies.
Nord Stream AG issued an outage message that is active until Oct. 26, while the German economy ministry said it's investigating the incident.
Dutch front-month gas, the European benchmark, was up nearly 10% at 190.50 euros per megawatt-hour on Tuesday morning.
Read More: https://www.zerohedge.com/commodities/d ... -sabotaged
