Gas prices in Europe predicted to rise due to the state of emergency at Nord Stream

The drop in pressure on both Nord Stream 1 lines, as well as on one of the Nord Stream 2 lines, will affect the European economy, gas prices will rise. This opinion was expressed on the air of the radio Sputnik economist Denis Raksha.

Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline, reported a sharp drop in the pressure of technical gas on line A in Danish waters near the island of Bornholm on the night of September 26. Later it became known that a hole had formed in the gas pipeline. Then information appeared that the Nord Stream-1 gas pipeline was also damaged. Seismological stations in Sweden and Denmark recorded explosions in areas of gas leaks, the main version of the incident is sabotage.

“Undoubtedly, there is some kind of very strange accident, since the pressure dropped in both Nord Stream 2 and Nord Stream 1. Nord Stream 2 is not working, but it was filled with pressurized gas. This pressure has dropped, and very sharply. From this they conclude that a large hole has formed there. A big hole doesn’t form on its own. This accident appears to be man-made. This is not just a seam parted – apparently, there was an explosion. And since this is all under water, at great depths, no one saw this explosion. But, apparently, it happened, ”Raksha explained.

According to the expert, the consequences of damage to gas pipelines are bad for both Europe and Russia. “This will definitely affect the European economy: gas prices will rise there. I think we will see it today. But there is nothing good for us either, because we cannot sell this gas. That is, it is bad for everyone: both for us and for Europe,” he said.

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