Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Headlines
    3. >Explainer-What is known about the Nord Stream gas pipeline explosions?
    Headlines

    Explainer-What Is Known About the Nord Stream Gas Pipeline Explosions?

    Published by Global Banking & Finance Review®

    Posted on August 21, 2025

    5 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    The image illustrates the ongoing anti-government protests in Moldova, where fugitive tycoon Ilan Shor offers $3,000 monthly to participants. This controversial move aims to destabilize the pro-European government ahead of elections.
    Moldovan anti-government protests funded by Ilan Shor - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:oil and gasEnergy market developmentfinancial stabilityInvestment management

    Quick Summary

    The Nord Stream gas pipeline explosions in 2022 remain under investigation, with recent arrests shedding light on potential suspects and motives.

    Explainer-What is known about the Nord Stream gas pipeline explosions?

    Overview of the Nord Stream Explosions

    By Nerijus Adomaitis and Johan Ahlander

    OSLO (Reuters) - Italian police have arrested a Ukrainian man suspected of coordinating the attacks on the Nord Stream gas pipelines in 2022, German prosecutors said on Thursday.

    The arrest is the first significant breakthrough in the investigation of mysterious underwater explosions that occurred in September 2022 in the Baltic Sea.

    What is Nord Stream?

    Here is what we know about the blasts:

    WHAT IS NORD STREAM?

    Nord Stream system consists of two double pipelines, Nord Stream 1 (NS1) and Nord Stream 2 (NS2), built by Russia's state-controlled Gazprom to deliver up to 110 billion cubic metres (bcm) of gas annually across the Baltic Sea to Germany.

    The four concrete-coated steel pipelines of about 1,200 km (750 miles) in length and more than 1 meter in diameter lay at a depth of around 80-110 m.

    NS1 came on stream in 2012. NS2 was completed in September 2021 and filled with gas, but has never been commissioned.

    Germany cancelled its approval process days before Russia's invasion of Ukraine on February 24, 2022, which put Europe's reliance on Russian natural gas in the political spotlight.

    Details of the Pipeline Damage

    HOW WERE THE PIPELINES DAMAGED?

    On Sept. 26, 2022, Swedish seismologists registered several blasts, some 17 hours apart, off the Danish island of Bornholm that ruptured three of the four NS pipelines, sending plumes of methane into the atmosphere.

    Gazprom said about 800 million cubic metres of gas, equivalent to about three months of Danish gas supplies, had escaped. It took several days for the gas to stop leaking.

    Only one pipeline of the four, part of NS2, remains intact. In January, Denmark granted permission to conduct preservation work on it, but it is unclear whether any work has taken place.

    Western companies which had stakes or financed construction of the pipelines, such as E.ON and Shell, have written off all their investments since the explosions.

    Suspects and Investigations

    WHO WAS BEHIND THE EXPLOSIONS?

    No one has taken responsibility.

    Denmark and Sweden concluded it was an act of sabotage, but closed their investigations in February 2024 without identifying any suspects.

    Investigations by Western media, including the New York Times and the Wall Street Journal, said a pro-Ukrainian group was behind the attack.

    German prosecutors identified the suspect arrested in Italy only as Serhii K., and said he was part of a group of people who planted devices on the pipelines near Bornholm.

    He and his accomplices had set off from Rostock on Germany's north-eastern coast in a rented sailing yacht to carry out the attack, the prosecutors said.

    Germany's Der Spiegel magazine and ZDF TV broadcaster have previously reported that a group of six people - five men and one woman - were on the yacht that left Rostock on September 6 and returned on September 23, 2022.

    The boat, called Andromeda, was spotted at a small Danish island of Christianso, near the explosion sites, at the Swedish port of Sandhamn and at a marina in Kolobrzeg, Poland, before returning to Germany.

    German investigators, who raided the yacht in January 2023, found on board traces of the same explosives as discovered by Sweden at the explosion sites, German media reported.

    Germany told the United Nations that it believed trained divers could have attached devices to the pipelines at a depth of about 70 to 80 metres (230-262 ft).

    German media also reported that Berlin had issued a European arrest warrant in 2024 against a Ukrainian diving instructor, identified as Volodymyr Z, in connection with the attacks.

    The suspect, who lived in Poland at that time, later left for Ukraine, Polish prosecutors said. They also said there was no evidence to suggest that Poland was used as a hub for the attacks.

    Intelligence Insights

    WHAT DID WESTERN INTELLIGENCE KNOW ABOUT THE ATTACK?

    A day after the explosions, on September 27, 2022, Der Spiegel reported that the CIA had warned Germany in summer 2022 about possible attacks on Baltic Sea pipelines.

    The Washington Post, citing leaked information posted online, wrote in June 2023 that the United States had learned of a Ukrainian plan to attack the Nord Stream natural gas pipelines three months before they were damaged.

    The intelligence report was based on information provided by a source in Ukraine, the Post said, adding the CIA shared it with Germany and other European countries in June 2022.

    Dutch national broadcaster NOS reported the same month that the tip came from the Dutch military intelligence agency MIVD.

    According to the Post, the CIA relayed to Ukraine's then Commander-in-Chief General Valeriy Zaluzhnyi through an intermediary that Washington opposed such an operation.

    Reuters was unable to verify the reports independently.

    (Reporting by Nerijus Adomaitis in Oslo and Johan Ahlander in Stockholm; Editing by Gareth Jones)

    Table of Contents

    • Overview of the Nord Stream Explosions
    • What is Nord Stream?
    • Details of the Pipeline Damage
    • Suspects and Investigations
    • Intelligence Insights

    Key Takeaways

    • •Italian police arrested a Ukrainian man linked to the Nord Stream explosions.
    • •The Nord Stream pipelines transport gas from Russia to Germany.
    • •Three of the four pipelines were damaged in September 2022.
    • •Investigations suggest a pro-Ukrainian group may be responsible.
    • •Western companies have written off investments in the pipelines.

    Frequently Asked Questions about Explainer-What is known about the Nord Stream gas pipeline explosions?

    1What is the Nord Stream gas pipeline?

    The Nord Stream gas pipeline is a system of pipelines that transport natural gas from Russia to Europe, specifically Germany, across the Baltic Sea.

    2What is methane?

    Methane is a colorless, odorless gas that is a primary component of natural gas and is produced by the decomposition of organic matter.

    3What is a pipeline rupture?

    A pipeline rupture is a failure in a pipeline that causes the contents to leak, which can lead to environmental damage and safety hazards.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Cyprus seeks new security deal for UK bases, Telegraph reports
    Cyprus Seeks New Security Deal for UK Bases, Telegraph Reports
    Image for British army veteran completes record 100km Land Rover pull
    British Army Veteran Completes Record 100km Land Rover Pull
    Image for Pope Leo laments that Iran war 'getting worse and worse'
    Pope Leo Laments That Iran War 'getting Worse and Worse'
    Image for Denmark's left-wing bloc leads election but lacks majority, exit polls show
    Denmark's Left-Wing Bloc Leads Election but Lacks Majority, Exit Polls Show
    Image for Moldovan parliament backs energy state of emergency after power line put out of action
    Moldovan Parliament Backs Energy State of Emergency After Power Line Put Out of Action
    Image for US expected to send thousands more soldiers to Middle East, sources say
    US Expected to Send Thousands More Soldiers to Middle East, Sources Say
    Image for Brazil court places Bolsonaro under house arrest on health grounds
    Brazil Court Places Bolsonaro Under House Arrest on Health Grounds
    Image for Analysis-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
    Analysis-Gulf Warnings and Fears of Miscalculation Preceded Trump’s Pause in Iran Showdown
    Image for Italian justice undersecretary quits over mafia-linked restaurant scandal
    Italian Justice Undersecretary Quits Over Mafia-Linked Restaurant Scandal
    Image for One killed, 13 injured in Ukrainian drone attack in Russia's Kursk region, governor says
    One Killed, 13 Injured in Ukrainian Drone Attack in Russia's Kursk Region, Governor Says
    Image for Two killed in Russian drone attack on western Ukrainian city, governor says
    Two Killed in Russian Drone Attack on Western Ukrainian City, Governor Says
    Image for Analysis-Italy's Meloni faces risky choices after referendum defeat shakes government
    Analysis-Italy's Meloni Faces Risky Choices After Referendum Defeat Shakes Government
    View All Headlines Posts
    Previous Headlines PostFirefighter Injured in Portugal Blaze as Crew Flees Wall of Fire
    Next Headlines PostNorwegian, Dutch Funds to Submit Tennet Bid by mid-September, Handelsblatt Reports