In a recent development, media outlets in Finland have reported the discovery of a leak in the undersea gas pipeline, Balticconnector, connecting Finland and Estonia. Finnish daily newspaper Iltalehti, citing government sources, has indicated that the damage is not accidental and officials suspect Russia’s involvement in the attack. Swedish public radio has also reported on the incident, quoting Finnish government sources who confirm that the pipeline has been damaged deliberately.
This incident has caused gas prices to spike, not only in Finland and Estonia but also in the UK. The news of the perceived attack on a pipeline between two NATO member countries has raised concerns about energy security. Additionally, gas prices have surged due to the Israeli government’s request to Chevron to halt operations at its gas field off the coast of Israel for safety reasons.
