Russian media: The United States blew up gas pipelines |  Trade magazine

Spokesman for the President of Russia Dmitry Peskov commented on Wednesday’s explosions in the Nord Stream gas pipelines. According to Peskov, accusations made in the West that Russia was behind the explosions are “absurd”.

Peskov also demanded that the matter be thoroughly investigated and that the main owner of the gas pipelines, i.e. the Russian state Gazprom-company.

According to Peskov, the likely prolonged shutdown of gas pipelines is a big problem for Russia. On the other hand, Peskov let it be understood that the matter is an even bigger problem for Western Europe, because the price of natural gas will probably rise even more in the euro area in the coming winter.

Peskov reminded that the situation will fall directly into the pockets of the US gas exporters, because they will make fabulous profits as long as the Nord Stream pipes are out of use.

Peskov did not agree to estimate how long the pipe repair works will take under the current conditions. Estimates by Russian experts vary from a few months to even several years.

A miniature submarine behind the work

In the Russian media, the scapegoat for gas pipeline sabotage was – surprise surprise – the United States.

For example, in the analysis of the patriotic publication Vzgljad, it was recalled that the United States has long opposed the introduction of the Nord Stream 2 pipeline. Last February, before the Russian invasion of Ukraine, Pres Joe Biden threatened that the United States would suspend the operation of the pipeline if the attack materialized. At the time, Biden’s statement caused a diplomatic polemic between Germany and the USA.

Vzgljad’s analysis reminds us that cutting the Nord Stream pipelines gives American companies an overwhelming competitive advantage when they transport overpriced liquefied natural gas to Europe.

According to the Russian claim, the US Navy has been the operator in the gas pipeline explosions, and the installation of explosive charges equipped with a time detonator was carried out in connection with the Baltops 22 war exercise organized in the Baltic Sea last summer.

According to the Russian view, the bombs were installed either from a ship or from an unmanned miniature submarine launched from a helicopter. A boat like the one in question is normally used, for example, for clearing mines by blasting.

Why didn’t the stock market react?

The interesting thing about the gas pipeline sabotage is that the market doesn’t seem to have really reacted to it. Gazprom’s share on the Moscow stock exchange has been stable at the beginning of the week. The future price of natural gas on the European gas exchanges has not moved much either.

Conclusion: Even before the explosions at the beginning of the week, the market predicted that neither of the gas pipelines would be commissioned at least during the coming winter.

By Editor

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