Can the destroyed Baltic Sea pipeline Nord Stream 1 be repaired? The energy company Eon, which is involved in the gas pipeline, is basically open – but it probably wouldn’t be easy.
The energy company Eon, which is involved in the destroyed Baltic Sea pipeline Nord Stream 1, can imagine repairing the lines. “Repairing the lines would be demanding and would require the clarification of many questions: technical, commercial and legal. Eon assumes that a potential decision for or against restoring the functionality of Nord Stream 1 will be made in the Nord Stream AG Shareholder Committee would,” said an Eon spokesman on Wednesday of the Düsseldorf “Rheinische Post”. Eon is represented on the committee through its minority stake.
The operating company Nord Stream AG has not yet submitted a proposal for or against restoring the functionality of the pipelines to the shareholders for a decision, the spokesman said. The operating company continues to investigate and analyze the damage situation. Eon is also interested in enlightenment.
Eon has a 15.5 percent stake in Nord Stream AG. After several devaluations, the stake has been on the books since the end of September at 100 million euros. The majority shareholder is the Russian state-owned company Gazprom.