There is not a lot of information going around yet about this, but here is what we do know:
There were 3 pipelines going from Russia to Germany, Nordstream 1 which consists of 2 pipelines and Nordstream 2 which consists of 1 pipeline.
1 of these pipelines is down right now waiting on a turbine to be repaired.
1 of these pipelines is brand new and was recently tested to get it ready to transport gas.
The other pipeline has been going for quit some time.
On Monday, one pipeline lost all pressure. Shortly thereafter, the other 2 pipelines also lost all pressure.
A VERY large field of gas bubbles has been found where these pipelines are at a depth of 200-230 feet underwater.
Ukraine is blaming Russia for sabotaging the pipelines.
Scandinavian seismic stations registered 2 explosions in the area where the bubble field is being reported. The stronger of the two blasts registered as a magnitude 2.3 earthquake!
So how does this effect us? Well, now it doesn’t matter if Europe wants to go ahead and work with Russia or not on importing their natural gas, they can’t through these pipelines. With how strong the explosions were, they also won’t be able to repair them in short order either. So this is, at the very least, going to cause more price increases on natural gas.
There were 3 pipelines going from Russia to Germany, Nordstream 1 which consists of 2 pipelines and Nordstream 2 which consists of 1 pipeline.
1 of these pipelines is down right now waiting on a turbine to be repaired.
1 of these pipelines is brand new and was recently tested to get it ready to transport gas.
The other pipeline has been going for quit some time.
On Monday, one pipeline lost all pressure. Shortly thereafter, the other 2 pipelines also lost all pressure.
A VERY large field of gas bubbles has been found where these pipelines are at a depth of 200-230 feet underwater.
Ukraine is blaming Russia for sabotaging the pipelines.
Scandinavian seismic stations registered 2 explosions in the area where the bubble field is being reported. The stronger of the two blasts registered as a magnitude 2.3 earthquake!
So how does this effect us? Well, now it doesn’t matter if Europe wants to go ahead and work with Russia or not on importing their natural gas, they can’t through these pipelines. With how strong the explosions were, they also won’t be able to repair them in short order either. So this is, at the very least, going to cause more price increases on natural gas.
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