Kremlin spokesman Dmitry Peskov said on Oct. 3 the U.S. had increased prices and sales of LNG after gas leaks in the undersea Nord Stream pipelines.
A total of four leaks were discovered last month on the Nord Stream 1 and 2 pipelines in the Baltic Sea near Denmark and Sweden. Russian President Vladimir Putin last week blamed the United States and its allies for blowing up the pipelines, an accusation dismissed by the White House.
“There is a party or a party that, in the absence of the functioning of these gas pipelines, is able to sell more LNG at a higher price. This side is well known, it is the United States,” Peskov said.
Peskov stopped short of saying who the Kremlin thinks was behind the leaks, adding: “there are also countries that have the military-technological capabilities to carry out such sabotage.”
In the Kremlin’s view, European countries—the gas buyers—and Russia as a gas seller would not be interested in the gas infrastructure stoppage.
A senior Russian official said on Oct. 2 it was technically possible to restore the Nord Stream gas pipelines, with Peskov saying on Oct. 3 they needed to be repaired but that seabed assessments had to be done first.
Recommended Reading
Marathon Chasing 20%+ IRRs with Los Angeles, Galveston Refinery Upgrades
2024-02-01 - Marathon Petroleum Corp. is pursuing improvements at its Los Angeles refinery and a hydrotreater project at its Galveston Bay refinery that are each boasting internal rate returns (IRRs) of 20% or more.
Marathon Petroleum Sets 2024 Capex at $1.25 Billion
2024-01-30 - Marathon Petroleum Corp. eyes standalone capex at $1.25 billion in 2024, down 10% compared to $1.4 billion in 2023 as it focuses on cost reduction and margin enhancement projects.
Moda Midstream II Receives Financial Commitment for Next Round of Development
2024-03-20 - Kingwood, Texas-based Moda Midstream II announced on March 20 that it received an equity commitment from EnCap Flatrock Midstream.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
Humble Midstream II, Quantum Capital Form Partnership for Infrastructure Projects
2024-01-30 - Humble Midstream II Partners and Quantum Capital Group’s partnership will promote a focus on energy transition infrastructure.