According to Finnish President Sauli Niinistö, there is suspected sabotage as the Baltic Connector Pipeline between Finland and Estonia shuts down.
Table of ContentsAn ‘alarm bell’Nervous market
A year after explosions shut down the crucial Nord Stream 1 pipeline, a pipeline carrying natural gas between Finland and Estonia is the subject of an international investigation into a possible act of sabotage, prompting new worries about the security of Europe's energy infrastructure.
The 95-mile-long Balticconnector pipeline, which runs beneath the Baltic Sea, has been temporarily shut down due to a suspected leak, according to Gasgrid, Finland's gas transmission company. According to Gasgrid, reopening the pipeline will take at least five months.
The gas leak and damage to an undersea communications cable, according to Finnish President Sauli Niinistö, were probably "caused by external activity." This week, wholesale gas prices in Europe increased by more than 20% as a resu...