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Nord Stream insurance companies deny policies covered war threats in UK claim

Nord Stream's. insurers have denied that their policies supply cover for gas. pipelines damaged by blasts in 2022 because the damage was. caused by war, in their written defence to a suit filed at. London's High Court. Nord Stream is seeking more than 400 million euros ($ 427. million) from its insurance companies over the explosions which ruptured. pipelines developed to transfer Russian gas to Germany. It called Lloyd's Insurance Company and Arch Insurance (EU). DAC as defendants in the suit. Sweden-- which in February dropped its examination-- and. Germany have both found traces of explosives relating to the. occurrence...

Oil & Gas

Nord Stream insurance companies say policies did not cover war dangers, Kommersant reports

Insurance plan for the Nord Stream gas pipelines damaged by blasts in 2022 did not attend to protection in the case of war, Kommersant daily reported on Thursday, mentioning files submitted at London's High Court. Nord Stream is looking for more than 400 million euros ($ 427. million) from its insurers over the explosions which burst. pipelines created to transport Russian gas to Germany. It named. Lloyd's Insurance Company and Arch Insurance (EU) DAC. as defendants in the match. Sweden-- which in February dropped its investigation-- and. Germany have both discovered traces of dynamites associating with the. occurrence that burst...

Fossil Fuels

Denmark ends probe into 'intentional' Nord Stream pipeline blasts

Denmark has actually dropped its examination into the surges in 2022 on the Nord Stream pipelines carrying Russian gas to Germany, authorities said on Monday, ending up being the 2nd nation to do so after Sweden closed its own query. The multi-billion dollar Nord Stream 1 and 2 pipelines transferring gas under the Baltic Sea were ruptured by a series of blasts in the Swedish and Danish economic zones in September 2022, releasing vast quantities of methane into the air. The blasts occurred seven months after Russia launched a. major intrusion of Ukraine, which set off a vast array of....

Natural Gas

Finnish probe into Balticconnector gas pipe damage ought to yield outcomes - minister

A Finnish investigation into the damage of the Balticconnector gas pipeline last year has actually moved forward and is most likely to reveal a conclusion, Foreign Minister Elina Valtonen told on Thursday. The subsea pipeline between Finland and Estonia and numerous telecoms cable televisions in the Baltic Sea were harmed in October and Finnish authorities have been examining whether this damage was brought on by an intentional act or a mishap. This investigation is unlikely to be inconclusive, Valtonen said in an interview. Finland is complying with China to investigate the function of Hong Kong-registered cargo vessel NewNew Polar Bear,...

Refined Products

Refined Products

Greenpeace targets Russia-linked Baltic Sea fuel tanker

Greenpeace activists painted slogans on an Estonianowned tanker in the middle of the Baltic Sea on Friday, and stated the ship supplied bunker fuel to vessels carrying Russian oil that positioned a danger to the environment and would sustain conflict. Oil fuels war, the campaigners, who showed up in little boats, scrawled in large white letters on the side of the Zircone tanker, photos provided by Greenpeace revealed. The vessel, sitting in international waters off the Swedish island of Gotland, has supplied fuel to more than 50 oil tankers travelling to or from Russian ports in the last two months,...

Oil & Gas Transportation

Germany develops LNG import terminals

Personal business Deutsche ReGas on April 3 ended a gas shuttle bus service from storage vessel Seapeak Hispania to the Baltic Sea port of Lubmin. The stop was in preparation for moving the drifting storage regasification system (FSRU) Neptune, moored in Lubmin, to its new Mukran port terminal on nearby Ruegen island. The Neptune had actually gotten its liquefied natural gas (LNG). freights first by means of the Seapak Hispania, another storage vessel,. in a shuttle bus set-up accounting for shallow water. The business said this is the primary step towards moving. its LNG operations from Lubmin, where they began...