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
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    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.

    Home > Top Stories > What is known so far about the Nord Stream gas pipeline leaks
    Top Stories

    What is known so far about the Nord Stream gas pipeline leaks

    Published by Jessica Weisman-Pitts

    Posted on September 27, 2022

    4 min read

    Last updated: February 4, 2026

    The image features the Nord Stream AG logo, symbolizing the company involved in the gas pipelines from Russia to Germany. This is relevant to the ongoing investigations into unexplained gas leaks in the Nord Stream 1 and 2 pipelines.
    Image showing the Nord Stream AG logo, related to gas pipeline leaks - 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:Energy market developmentfinancial stabilityrisk management

    By Nina Chestney

    LONDON (Reuters) – Unexplained gas leaks detected in the Nord Stream 1 and 2 pipelines from Russia to Germany have prompted investigations by European countries into the cause, including possible sabotage.

    Denmark’s armed forces on Tuesday released video showing bubbles rushing to the surface of the Baltic Sea above the pipelines, and said the largest gas leak had caused surface disturbance of well over 1 kilometre in diameter.

    Here is a breakdown of what is known so far:

    WHAT HAPPENED?

    The operator of the Nord Stream 2 gas pipeline reported a sudden drop in pressure overnight on Monday, with a spokesperson suggesting there could have been a leak.

    This was followed by a Danish Energy Authority statement that a leak had likely occurred in one of the two Nord Stream 2 pipelines lying in Danish waters.

    A few hours later, Nord Stream AG, operator of another undersea gas pipeline from Russia to Germany, said it was looking into a drop in pressure in Nord Stream 1.

    Sweden’s Maritime Authority said on Tuesday it had warned of two leaks on Nord Stream 1 in Swedish and Danish waters.

    Each line of the pipeline consists of about 100,000 24-tonne concrete-weight coated steel pipes laid on the seabed. The pipelines have a constant internal diameter of 1.153 metres, according to Nord Stream.

    Sections lie at a depth of around 80-110 metres.

    WHERE ARE THE LEAKS?

    Two leaks were detected on the Nord Stream 1 pipeline, which stopped delivering gas to Europe last month, both in an area northeast of the Danish island of Bornholm.

    Danish authorities have asked ships to stay clear by a five nautical mile radius off Bornholm after the leak at Nord Stream 2, which has yet to enter commercial operations. The plan to use it to supply gas was scrapped by Germany days before Russia sent troops into Ukraine in February.

    Both pipelines still contain gas under pressure.

    WHAT CAUSED THE LEAKS?

    It is not yet clear. Analysts and experts say such leaks are very rare and Nord Stream AG has called leaks on three strings of the offshore gas pipelines “unprecedented”.

    Possible causes range from technical malfunctions, a lack of maintenance or even possibly sabotage.

    The Kremlin has said it did not rule out sabotage as a reason behind the damage, adding it was an issue affecting the energy security of the “entire continent”.

    Poland’s prime minister said the leaks were an act of sabotage, while Denmark’s leader said it could not be ruled out.

    The European Commission said it was premature to speculate.

    German Geology Research Centre GFZ said on Tuesday that a seismograph on Bornholm showed spikes at 0003 GMT and 1700 GMT on Monday, when the pressure losses occurred.

    WHO IS INVESTIGATING?

    For the Nord Stream 2 leak, the head of Denmark’s Energy Agency Kristoffer Bottzauw told Reuters said it was too early to say who would conduct the investigations and no-one has been to look at the pipeline yet.

    The Swedish Armed Forces, the Coast Guard and the Swedish Maritime Administration and other relevant authorities are taking necessary measures, the Swedish Prime Minister said.

    Germany on Monday said it was coordinating a response with police, local officials and the energy agency.

    POTENTIAL IMPACT?

    Gas leaking from the damaged Nord Stream 2 pipeline in the Baltic Sea will continue for several days and perhaps even a week, the Danish Energy Authority said.

    Denmark’s armed forces released video showing bubbles rushing to the surface of the Baltic Sea above the Nord Stream 1 and 2 pipelines, and said the largest gas leak had caused surface disturbance of well over 1 kilometre in diameter.

    Vessels could lose buoyancy if they enter the area, and there might be a risk of leaked gas igniting over the water and in the air, but there were no risks associated with the leak outside the exclusion zone, it said.

    The leak would only affect the environment in the area in which the gas plume in the water column is located and escaping greenhouse gas methane would have a damaging climate impact.

    Danish authorities asked that the level of preparedness in Denmark’s power and gas sector be raised after the leaks, a step that would require heightened safety procedures for power installations and facilities.

    (Reporting by Nina Chestney and Reuters bureaux; Editing by Alexander Smith)

    Frequently Asked Questions about What is known so far about the Nord Stream gas pipeline leaks

    1What is a gas pipeline?

    A gas pipeline is a system of pipes used to transport natural gas from production sites to consumers. It is a critical infrastructure for energy distribution.

    2What is environmental impact?

    Environmental impact refers to the effect that a project or action has on the surrounding environment, including air, water, and land quality.

    3What is a leak in a pipeline?

    A leak in a pipeline is an unintended escape of gas or liquid from the pipeline, which can lead to environmental hazards and loss of product.

    4What is an investigation?

    An investigation is a systematic inquiry to uncover facts about an incident or issue, often conducted by authorities to determine causes and responsibilities.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostUK 30-year yields hit highest since 2002, extending post-tax cuts surge
    Next Top Stories PostPound plunge means even higher prices for UK consumers – McKinsey