![](\"https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/09\/russia-pipeline-gas-leaks-AP-580x386.jpg\")
<\/p>\n![](\"https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/09\/russia-pipeline-gas-leaks-AP-scaled.jpg\")
<\/div>\nNord 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.<\/p>\n
Nord Stream AG names Lloyd\u2019s Insurance Co. and Arch Insurance (EU) DAC as defendants in its lawsuit, which was filed at London\u2019s High Court last month.<\/p>\n
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.<\/p>\n
Re\/Insurers Grapple With How to Respond to Claims From Nord Stream Pipeline Blasts<\/a><\/strong><\/p>\n \u201cHowever, we ask for understanding that we are not in a position to provide any detailed comments to the legal proceedings,\u201d Nord Stream\u2019s communications team said.<\/p>\n Court filings state that Nord Stream\u2019s current preliminary estimate of \u201cthe costs to dewater and stabilize the pipeline, to undertake a full repair and to replace the lost gas inventory\u201d is between 1.2 billion and 1.35 billion euros.<\/p>\n Nord Stream\u2019s lawsuit also says one of the pipelines looked \u201cmangled and deformed\u201d in one area where it had been damaged, but \u201cappeared smooth and to have been cut\u201d in another.<\/p>\n Lloyd\u2019s declined to comment. Arch did not immediately respond to a request for comment.<\/p>\n The lawsuit focuses on the explosions in September 2022 that ruptured the Nord Stream 1 and Nord Stream 2 pipelines. Sweden \u2013 which last month dropped its investigation \u2013 and Germany have both found traces of explosives relating to the incident, suggesting it was a deliberate act.<\/p>\n Sweden Scraps Probe Into Nord Stream Gas Pipeline Blasts<\/a><\/strong><\/p>\n Russia and the West, at loggerheads over Moscow\u2019s invasion of Ukraine, have pointed fingers at one another. Each has denied any involvement, and no one has taken responsibility.<\/p>\n 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.<\/p>\n According to court documents, Nord Stream is suing Lloyd\u2019s on its own behalf and as the representative of others subscribing to policies issued by insurers including Munich Re, which declined to comment.<\/p>\n ($1 = 0.9160 euros)<\/p>\n (Reporting by Sam Tobin and Kirstin Ridley, additional reporting by Vera Eckert; Editing by Nia Williams)<\/p>\n Photograph: A large disturbance in the sea was observed off the coast of the Danish island of Bornholm on Tuesday, Sept. 27, 2022 after explosions damaged the Nord Stream 1 and Nord Stream 2 pipelines. (Danish Defence Command via AP)<\/em><\/p>\n Related:<\/strong><\/p>\n Topics<\/span> Lawsuits<\/a> Carriers<\/a> London<\/a> <\/p>\n<\/p><\/div>\n Was this article valuable?<\/p>\n<\/p><\/div>\n