Restoring the destroyed gas pipelines could require Russian expertise and Chinese materials, according to a technical report
Repairing the Nord Stream gas pipelines would take 36 months provided funding could be secured and no delays were encountered, according to a technical report submitted to the High Court in London.
The report was commissioned by the court, which is currently weighing an insurance dispute between the pipeline’s operator, Nord Stream AG, and Lloyd’s Insurance Company and Arch Insurance. The two insurers are refusing to pay a €580 million ($684 million) claim to the operator, arguing that the pipelines were damaged as a “consequence of war,” which the insurance policy did not cover
The report concluded that the pipelines could be repaired in 36 months, an operation that would necessitate the purchase of some 7 km of new pipeline from China for €16.7 million, Russia’s RBK News reported on Thursday.
The insurers have argued that two Russian pipelaying vessels could be used in the repair operation to drive down costs. Nord Stream AG has challenged this, arguing that the vessels are now located near Vladivostok on Russia’s east coast, and relocating them to the Baltic Sea would increase the total repair bill.
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