Berliner Boersenzeitung - 'External activity' probably behind Finland-Estonia gas pipe leak

EUR -
AED 4.074172
AFN 72.108987
ALL 90.824441
AMD 405.33465
ANG 1.98554
AOA 1018.404891
ARS 1713.409223
AUD 1.620889
AWG 1.996872
AZN 1.887436
BAM 1.956353
BBD 2.260039
BDT 139.899538
BGN 1.938997
BHD 0.423314
BIF 3356.748678
BMD 1.109374
BND 1.434505
BOB 13.308421
BRL 6.195071
BSD 1.122102
BTN 105.454803
BWP 15.394143
BYN 3.35975
BYR 21743.721171
BZD 2.256738
CAD 1.580719
CDF 2568.199705
CHF 0.923515
CLF 0.027733
CLP 1091.501218
CNY 7.399909
CNH 7.401707
COP 3639.854549
CRC 507.536577
CUC 1.109374
CUP 26.930611
CVE 110.301642
CZK 24.379485
DJF 199.816472
DKK 7.475353
DOP 68.058314
DZD 151.77448
EGP 59.4034
ERN 16.640603
ETB 182.631746
FJD 2.515671
FKP 0.832791
GBP 0.835663
GEL 2.892377
GGP 0.832791
GHS 13.139714
GIP 0.832791
GMD 82.093697
GNF 9940.85427
GTQ 8.574849
GYD 235.138112
HKD 8.702808
HNL 30.162117
HRK 7.509361
HTG 147.082231
HUF 364.894935
IDR 20156.207651
ILS 3.522094
IMP 0.832791
INR 103.94059
IQD 1701.17279
IRR 2114549.149658
ISK 136.597482
JEP 0.832791
JMD 178.087923
JOD 0.78658
JPY 177.144299
KES 144.130193
KGS 97.014271
KHR 4576.313975
KMF 490.343131
KPW 998.436133
KRW 1478.340206
KWD 0.345426
KYD 0.935064
KZT 500.971584
LAK 25257.138127
LBP 100483.898578
LKR 372.915393
LRD 190.753911
LSL 18.395899
LTL 3.275692
LVL 0.671049
LYD 7.193033
MAD 10.946336
MDL 20.163699
MGA 5077.366304
MKD 61.550467
MMK 2329.402127
MNT 3997.576444
MOP 9.066953
MRU 45.265181
MUR 52.32903
MVR 17.080834
MWK 1945.723588
MXN 20.651399
MYR 4.518033
MZN 70.880462
NAD 18.395899
NGN 1493.837622
NIO 41.29167
NOK 10.603658
NPR 168.725404
NZD 1.994826
OMR 0.426558
PAB 1.122173
PEN 3.824181
PGK 5.039356
PHP 70.265494
PKR 308.094307
PLN 4.410924
PYG 6926.957684
QAR 4.090559
RON 5.345628
RSD 117.60914
RUB 92.160393
RWF 1660.146741
SAR 4.170261
SBD 8.975661
SCR 15.494376
SDG 667.286472
SEK 11.058862
SGD 1.424974
SHP 0.831272
SLE 25.38689
SLL 23263.013098
SOS 641.272565
SRD 41.763467
STD 22961.792237
STN 24.506595
SVC 9.818775
SYP 14424.074276
SZL 18.400952
THB 37.463662
TJS 10.312672
TMT 3.882807
TND 3.344411
TOP 2.671105
TRY 55.752455
TTD 7.610151
TWD 36.473095
TZS 2952.468979
UAH 51.035934
UGX 4578.520965
USD 1.109374
UYU 45.405083
UZS 13436.797483
VES 998.98033
VND 28460.423204
VUV 132.922017
WST 3.09189
XAF 655.957
XAG 0.02165
XAU 0.000279164582
XCD 2.998137
XCG 2.022381
XDR 0.784385
XOF 655.957
XPF 119.331742
YER 262.330436
ZAR 18.422197
ZMK 9985.701079
ZMW 22.862461
ZWL 357.217824
SSP 6373.791908
MXV 2.320385
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

'External activity' probably behind Finland-Estonia gas pipe leak
'External activity' probably behind Finland-Estonia gas pipe leak / Photo: Jussi Nukari - Lehtikuva/AFP

'External activity' probably behind Finland-Estonia gas pipe leak

Finnish President Sauli Niinisto said on Tuesday a leak leading to the shutdown of a natural gas pipeline from Estonia to Finland this weekend was probably caused by an "external" element.

Text size:

Last year there were a series of underwater blasts that ruptured three pipelines that carried natural gas from Russia to Western Europe, at a time of high geopolitical tensions as Moscow cut gas supplies to Europe.

But the government cautioned against leaping to any conclusions at this stage about the latest leak, as authorities said it seemed unlikely that explosives were the cause.

Niinisto said that he had been in touch with NATO secretary-general Jens Stoltenberg, and that the military alliance was ready to assist in the investigation.

"It is likely that the damage to both the gas pipeline and the telecommunications cable is the result of external activity," Niinisto said.

He said the cause of the damage was not yet clear, and that Finland and Estonia were cooperating in an ongoing investigation.

Prime Minister Petteri Orpo told reporters later that a preliminary assessment suggested that "the discovered damage could not have been caused by normal use of the pipeline or pressure fluctuations."

He said that the leak was located in the Finnish Exclusive Economic Zone.

When asked about the likelihood of Russian involvement, Orpo said it was important to "gather all the information that is available and not to jump to conclusions at this stage."

Head of the investigation department at the National Bureau of Investigation, Timo Kilpelainen, said at the same press conference that there was "no indications that explosives were used in the act."

NATO chief Stoltenberg posted on X, formerly known as Twitter, that the military alliance was "sharing information and stands ready to support Allies concerned."

- 'Unusual drop in pressure' -

Finland's gas network operator, state-owned Gasgrid, said Sunday that the Balticconnector pipeline had been shut down over a suspected leak.

The operator said "an unusual drop in pressure" had been noticed in the pipeline running along the seabed of the Gulf of Finland.

Gasgrid added that the Finnish gas system was stable, with supply secured through a floating liquefied natural gas terminal (LNG) in Inkoo.

In late September 2022, a series of underwater blasts ruptured three of the four pipelines that make up Nord Stream 1 and Nord Stream 2, a major conduit for Russian natural gas exports to Western Europe, spewing gas into the Baltic Sea.

The pipelines had been at the centre of geopolitical tensions as Russia cut gas supplies to Europe in suspected retaliation to Western sanctions over Moscow's invasion of Ukraine.

Because the leaks occurred in their exclusive economic zones, Denmark and Sweden opened probes into the attack, as did Germany.

All three countries have kept a tight lid on their investigations, which analysts say is unsurprising given the potential diplomatic fallout of what they might uncover.

- Inspection underway -

The Balticconnector has been the only gas import channel to Finland, apart from LNG, since Russian imports were halted in May 2022, following Moscow's invasion of Ukraine.

Gasgrid said Tuesday it had begun its inspection of the pipeline by conducting measurements "with the purpose of determining the location and extent of the predicted damage," adding that the inspection would be carried out in stages during the week.

It added that once measurements were completed repair plans for the pipeline could be made.

Despite the shortfall, Gasgrid said the Inkoo LNG terminal had "the capacity and the ability to deliver the gas Finland needs in the coming winter as well", even though consumption is usually higher in winter.

Telecom operator Elisa also confirmed Tuesday it was experiencing a disruption caused by a "cable break" during the weekend.

"The disruption has no impact on Elisa's services as it is a backup connection," the operator said in a statement.

Russia stopped supplying gas to Finland after it refused to pay in rubles, a condition imposed on "unfriendly countries" -- including European Union member states -- as a way to sidestep Western financial sanctions against Russia's central bank.

Natural gas accounts for around five percent of Finland's energy consumption, mainly used in industry and combined heat and power production.

(T.Burkhard--BBZ)