The Nord Stream operator has filed a lawsuit for damages for €400 million against insurance companies that refused to cover damages resulting from gas pipeline explosions. writes about this Finance Times.
While it was noted that the Nord Stream operator estimated the repair cost of the gas pipeline at 1.2 – 1.35 billion Euros, it was announced that the operator filed a lawsuit against insurance companies Lloyd’s of London and Arch Insurance in February. It is emphasized that the case was filed in connection with the refusal to “cover damages resulting from explosions that damaged the gas infrastructure connecting Western Europe to Russia.”
Explosions occurred on the Nord Stream and Nord Stream 2 gas pipelines on September 26, 2022. February 26, 2024 reportedIt was stated that the Danish police stopped the investigation. Law enforcement authorities found “intentional sabotage of gas pipelines.” Representative of the German Council of Ministers Christiane Hofmann reportedIt was stated that the country’s government remains interested in investigating the explosions in Nord Stream and Nord Stream 2.
Previously Scholz promise To complete the Nord Stream project.