On Monday, pressure in the undersea Nord Stream 2 pipeline suddenly collapsed, and gas could be seen bubbling to the surface of the Baltic Sea near the Danish island of Bornholm.
Shortly afterwards, reports came of a total collapse in the pressure of
our other major undersea pipeline connection to Russia, Nord Stream 1,
indicating a further rupture.
The Swedish National Seismic
Network confirmed that as many as 30 of their measuring stations
recorded the explosions with one of them having the strength of 2.3 on
the Richter scale.
The pipeline had been filled with gas
following its completion in November 2021, but Chancellor Olaf Scholz
refused to certify its operation, and so it has remained out of service.
Whilst the pipes were not operational, they were full of gas,
approximately two days’ worth for Germany at a market value of more than
€800 million. Most of the financial burden of Monday’s events will fall
firmly on Russia, as they owned the gas. According to the Danish
energy authority, more than half of the gas has already escaped from the
lines concerned. The lines are expected to be empty on Sunday.
Two
Nord Stream 1 leaks have now been identified; like the Nord Stream 2
rupture, they’re near Bornholm. There are three ruptures in total....<<<Read More>>>....