Anonymous ID: 29f740 Sept. 27, 2022, 8:44 a.m. No.17590259   🗄️.is 🔗kun   >>0272 >>0313 >>0339 >>0409 >>0433 >>0617 >>0866 >>0922 >>0965

https://english.almayadeen.net/news/politics/underwater-explosions-reported-in-area-of-gas-leaks-from-nor

 

Underwater explosions reported prior to Nord Steam gas leaks

 

The Swedish National Seismic Network (SNSN) reported powerful underwater explosions in the area of gas leaks from the Nord Stream pipeline on Tuesday.

 

SNSN Director Bjorn Lund said as quoted by SVT that "there are no doubts that these were explosions."

 

“One explosion had a magnitude of 2.3 and was registered by dozens of monitoring stations in southern Sweden,” he stated.

 

“You can clearly see the waves bounce from the bottom to the surface," Lund added.

 

On his part, Peter Schmidt, an Uppsala University seismologist, said the Swedish National Seismic Network recorded two "massive releases of energy" shortly prior to, and near the location of, the gas leaks off the coast of the Danish island of Bornholm.

 

"The first happened at 2:03 am (0003 GMT) just southeast of Bornholm with a magnitude of 1.9. Then we also saw one at 7:04 pm on Monday night, another event a little further north and that seems to have been a bit bigger. Our calculations show a magnitude of 2.3," Schmidt said.

 

The Norwegian Seismic Array (NORSAR) also confirmed it had registered "a smaller explosion" in the early hours of Monday, "followed by a more powerful one on Monday evening."

 

Photos taken by the Danish military on Tuesday showed large masses of bubbles on the surface of the water emanating from the three leaks located in Sweden's and Denmark's economic zones, spreading from 200 to 1,000 meters (656 feet to 0.62 miles) in diameter.

 

Earlier today, Denmark's maritime traffic agency and Sweden's Maritime Authority on Monday reported a "dangerous" gas leak in the Baltic Sea close to the route of the inactive Nord Stream 2 pipeline, which experienced an unexplained drop in pressure.

 

The leak, southeast of the Danish island of Bornholm, "is dangerous for maritime traffic" and "navigation is prohibited within a five nautical mile radius of the reported position," the agency warned in a notice to ships.

 

Authorities in Germany, where the undersea pipeline from Russia makes land, said the energy link had experienced a drop in pressure, while its operator suggested that a leak may be the reason.

 

A spokeswoman for the German Ministry of Economy indicated in a statement that there was "no clarity" over the cause of the pressure change.

 

The pipeline operator confirmed in a statement that the drop had been registered "overnight" into Monday and reported to national marine authorities.

 

Nord Stream 2's operator mentioned pressure in the pipeline dropped from 105 to seven bars overnight.

 

"It is relatively likely that there's a leak" in the underwater pipeline, Nord Stream 2 spokesperson Ulrich Lissek told AFP.

 

He noted that "the pipeline was never in use, just prepared for technical operation, and therefore filled with gas."

 

Berlin suspects a "targeted attack": German newspaper

 

Following the incident, German newspaper Tagesspiegel claimed Monday that Berlin is convinced that the loss of pressure in the three natural gas pipelines between Russia and Germany was not a coincidence and suspects a "targeted attack".

 

The German newspaper quoted an informed source as saying that the German government and agencies investigating the incident "can’t imagine a scenario that isn't a targeted attack."

 

"Everything speaks against a coincidence," the source said.

 

Tagesspiegel indicated that for a deliberate attack on the bottom of the sea to happen, it has to involve special forces, navy divers, or a submarine, adding that German authorities are reportedly examining two possible explanations for the incident. The first suggests that "Ukraine-affiliated forces" could be behind the attack, while the second suggests that Russia carried out the attack as a "false flag" to blame Ukraine.

 

The Nord Stream 2 pipeline, which runs parallel to Nord Stream 1 and was intended to double the capacity for undersea gas imports from Russia, was blocked by Berlin in the days before the start of the war in Ukraine.

 

Russian energy giant Gazprom progressively reduced the volumes of gas being delivered via the Nord Stream 1 until it shut the pipeline completely at the end of August, blaming Western sanctions for the delay of necessary repairs to the pipeline.

 

Former German chancellor Gerhard Schroeder, who signed off on the first Nord Stream pipeline in his final days in office, has called on Berlin to reconsider its position on the blocked second link.

 

On Monday afternoon, Nord Stream 2 was reported to have depressurized. It is worth noting that the Nord Stream 1 pipeline was depressurized in the early evening, simulatnously after the second of the two spikes.

Anonymous ID: 29f740 Sept. 27, 2022, 9:01 a.m. No.17590354   🗄️.is 🔗kun

https://english.almayadeen.net/news/economics/eurozone-economic-growth-declining-could-reach-zero

 

Eurozone economic growth declining, could reach zero

 

Eurozone economic growth has been on a decline and could soon become zero, according to the vice president of the European Central Bank (ECB).

 

“We are seeing that in the third and fourth quarters there is a significant slowdown and we may find ourselves with growth rates close to zero,” said Luis de Guindos at a conference, as reported by Reuters.

 

Due to the stark increase in energy costs and the loss of Russian gas, economic output has been suffering. This has raised the risk of energy rationing in the next season, which will require a lot of heaters.

 

Euro area annual inflation, with the energy price increase, reached 9.1% as of August, and is expected to increase to 9.6% this month, reaching a record high.

 

Earlier this month, the ECB raise interest rates by 75 basis points, just weeks after pushing a 50-point increase with the aim of ameliorating inflation. The regulator notes that more hikes will be implemented, with another interest rate point increase coming in October.

 

However, the nature of the upcoming moves was not disclosed. The rates will rather be "rate-dependent."

 

Last week, de Guindos remarked that “Markets believe that the slowdown of the economy would reduce inflation by itself. Actually, this is… not right. Monetary policy has to make a contribution."

 

Earlier this month, EU energy minister gave the European Commission a mandate to limit gas prices. Surging costs of power linked to gas prices have already stunted the production of various industries, such as fertilizers and aluminum manufacturers, and prompted EU governments, such as Germany, to increase their spending by billions in order to help their citizens.

 

Italy and Germany are now the two largest European countries most exposed to a gas supply shock due to their extensive use of natural gas and significant reliance on Russia, according to S&P Global Ratings.