Nord Stream diversion: Russia to lose hundreds of billions of dollars' revenue in coming years

Sweden sensationally announced that the Russian Nord Stream-1 and Nord Stream-2 gas pipelines were blown up as a result of sabotage. 

Well, in that case, this is one of the most effective diversions of all time. It is not clear who exactly could have done this, because it was the Russians who stopped the gas pumping on the eve of the explosion.

1. The undermining of gas pipelines led to the suspension of the main Russian gas contracts, direct losses of the Russian Federation up to USD 30 billion, including the cost of construction of gas pipelines, the cost of lost gas due to the explosion. The damage from lost revenue is simply impossible to calculate, but Nord Stream-2 never got off the ground.

“This is one of the most effective diversions of all time. It is not clear who exactly could have done this, because it was the Russians who stopped the gas pumping on the eve of the explosion”

2. The undermining of gas pipelines deprived Putin of the opportunity to influence Europe with discounts and gas blackmail, and the main political weapon of the Russian Federation was destroyed.

3. The responsibility for stopping the supply of gas falls entirely on Russia, since it was Russia that unilaterally stopped the pumping of gas through the Nord Streams on the eve of the explosion, so Russia will not receive any payments and will not be able to claim any compensation for damages. In fact, it was Russia that stopped the pumping of gas, and therefore it is the Russians who are the main suspects in this explosion simply by the logic of events. Now Europe is forced to refocus on new gas suppliers.

“The responsibility for stopping the supply of gas lies entirely with Russia, since it was Russia that unilaterally stopped the pumping of gas through the Nord Streams on the eve of the explosion”

The explosion occurred on the day of the opening of a new gas pipeline from Norway to Poland, an increase in supplies from gas fields in Britain and Norway, and led to a multiple increase in the supply of liquefied gas from the United States. Russia will lose hundreds of billions of dollars in profit in the coming years due to the fact that it is forced to burn its gas, which is not needed in Europe, in the air.

About the author: Yurii Butusov, journalist, soldier with the Ukrainian Armed Forces.

The editorial team does not always share the opinions expressed by the blog authors.