Bulletin
Investor Alert

Oct. 6, 2022, 10:14 a.m. EDT

‘Detonations’ caused extensive damage to Nord Stream pipeline, Sweden says

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Barbara Kollmeyer

Swedish authorities investigating leaks on two Baltic Sea natural gas pipelines said “detonations” damaged those facilities.

The Swedish Security Police said it has concluded a crime scene investigation of the two Nord Stream pipelines, which sprung leaks between Swedish and Danish waters in late September . Photos released soon afterwards by Danish authorities showed explosions around the leak sites.

“After a crime scene investigation, the Security Police can state that there have been detonations at Nord Stream 1 and 2 in the Swedish economic zone, which have caused extensive damage to the gas pipelines,” said the Security Police in a statement . “The investigation has strengthened the suspicions of serious sabotage.”

The Nord Stream 1 pipeline has been shut down since the leaks were discovered, though Russia had already halted gas flows in late August, and had been slowing those supplies for months. Nord Stream 2 has never been in operation as Germany refused to certify it for deliveries.

The EU and U.S. have pointed a finger at Russia over the damaged pipelines, which are operated by state-owned Gazprom and carry natural gas from Russia to Europe under the Baltic Sea.

Europe is facing a difficult winter of potential supply shortages as Russia has squeezed its natgas supplies to the continent. While Moscow has blamed technical difficulties, the EU has accused it of weaponizing supplies in retaliation for sanctions imposed over the country’s invasion of Ukraine that began in late February.

The Swedish Security Police said “certain seizures” had been made during its investigation, and those will now be “reviewed and analyzed. The continued preliminary investigation must show whether someone can be served with suspicion and later prosecuted.”

Separately, the Swedish prosecutors office said in a statement that it has lifted a blockade around the pipelines, given the investigation has wrapped.

Danish authorities said earlier this week that the pipeline leaks had stopped.

Read: As fourth Nord Stream leak is discovered, here’s what scientists are saying about the environment impact

This Story has 0 Comments
Be the first to comment
More News In
Economy & Politics

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.