LONDON: Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured pipelines designed to transport Russian gas to Germany, court filings show.
Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London’s High Court last month.
Switzerland-based Nord Stream confirmed in an email there is a contractual dispute in London commercial courts between itself and insurers of the pipeline system.
“However, we ask for understanding that we are not in a position to provide any detailed comments to the legal proceedings,” Nord Stream’s communications team said.
Court filings state that Nord Stream’s current preliminary estimate of “the costs to dewater and stabilize the pipeline, to undertake a full repair and to replace the lost gas inventory” is between 1.2 billion and 1.35 billion euros.
Nord Stream’s lawsuit also says one of the pipelines looked “mangled and deformed” in one area where it had been damaged, but “appeared smooth and to have been cut” in another.
Lloyd’s declined to comment. Arch did not immediately respond to a request for comment.
The lawsuit focuses on the explosions in September 2022 that ruptured the Nord Stream 1 and Nord Stream 2 pipelines. Sweden – which last month dropped its investigation – and Germany have both found traces of explosives relating to the incident, suggesting it was a deliberate act.
Russia and the West, at loggerheads over Moscow’s invasion of Ukraine, have pointed fingers at one another. Each has denied any involvement, and no one has taken responsibility.
Nord Stream in its lawsuit is suing all insurers subscribing to its offshore operating all-risks policy as well as its excess all-risks policy.
According to court documents, Nord Stream is suing Lloyd’s on its own behalf and as the representative of others subscribing to policies issued by insurers including Munich Re, which declined to comment.
Nord Stream sues insurers in London over 2022 pipeline blasts
https://arab.news/9enxm
Nord Stream sues insurers in London over 2022 pipeline blasts
- Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance (EU) DAC as defendants in its lawsuit
- Nord Stream’s lawsuit also says one of the pipelines looked “mangled and deformed” in one area where it had been damaged
Stranded in paradise: Mideast war traps thousands in Bali
- Limited flights from UAE begin as governments seek to extract citizens from Middle East
- At least 4,400 people had flights to Doha, Dubai and Abu Dhabi canceled between Saturday and Monday
DENPASAR, LONDON, BERLIN: Passengers stranded on the Indonesian resort island of Bali clamored for flight news on Tuesday as the outbreak of war in the Middle East grounded planes and turned a tropical holiday dream into an ordeal for many.
Hundreds were crowded at Ngurah Rai International Airport, many dressed in shorts, flip-flops and summer dresses, their expressions dour.
Many sat on the floor, exhausted, and one man repeatedly hit a wall in frustration. “I just kind of want to see my family ... right now it’s a bit stressful,” British tourist Adam Woo, transiting through Bali after holidaying on the neighboring island of Lombok, said. The 23-year-old student said he saw the missiles start flying on the news “and I was a bit worried about my flight” — especially after Dubai airport was hit in Iran’s response to a US-Israeli attack.
“Obviously, everyone around the world at the moment is kind of stuck,” said Woo. “All the travel agencies are swamped with people calling in. So, it’s literally impossible to even get on the phone with someone.”
He said he was looking for an alternative flight via China.
Around Woo, many at the airport were lugging around heavy luggage with slumped shoulders, frustration etched on many a face.
Many queued on foot and on chairs outside information centers hoping for news on replacement flights, receiving occasional briefings with little news.
The airport’s immigration office said in a statement at least 4,400 people had flights to Doha, Dubai and Abu Dhabi canceled between Saturday and Monday.
With would-be passengers at risk of overstaying their visas, the Bali immigration office introduced a same-day emergency stay permit free of charge for affected foreigners.
Thirty-five have applied so far, according to immigration head Felucia Sengky Ratna.
Airports company Angkasa Pura said 15 flights from Bali to Doha and Abu Dhabi, and vice versa, have been canceled between Saturday and Monday.
National carrier Garuda Indonesia has grounded all flights to Doha until further notice.
Meanwhile, stranded travelers began departing the UAE aboard a small number of evacuation flights on Monday, even as most commercial air traffic across the Middle East remained suspended.
The limited flights out of Dubai and Abu Dhabi took place as the US State Department urged its own citizens in 13 countries, including UAE, Jordan, Saudi Arabia, Egypt, Lebanon and Oman, to “depart now via commercial means due to serious safety risks.”
Sweeping airspace closures and flight cancelations across the region left many fewer options for heeding the advice.
The State Department has evacuated non-emergency personnel and families in six nations, adding the UAE to its list on Tuesday.
In Italy, the government has assisted with flights to Milan and Rome in the wake of mounting criticism against Defense Minister Guido Crosetto.
The minister sparked a political controversy at home after being stuck in Dubai with his family during the initial phase of the attack on Iran.
Crosetto returned to Rome on Sunday on a military aircraft. The left-wing opposition has called for Crosetto’s resignation, saying he should not have traveled to the Middle East during a crisis.
