European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe s energy infrastructure and prompted the EU to warn of possible retaliation.
Norway, which has replaced Russia as the biggest gas exporter to the EU, is deploying the military to oil and gas installations as the Scandinavian country raised its preparedness level.
European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe’s energy infrastructure and prompted the EU to warn of possible retaliation. Some European officials and energy experts have said Russia is likely to blame for any sabotage, while others cautioned against pointing fingers until investigators are able to determine what happened. Russia benefits from higher energy prices and economic anxiety across Europe. Moscow has sharply curtailed natural gas shipments to Europe in retaliation for sanctions the West put in place after its invasion of Ukraine.
European companies are ramping up security around pipelines and energy prices are climbing again as the suspected sabotage of two pipelines that deliver natural gas from Russia underscored the vulnerability of Europe’s energy infrastructure and prompted the EU to warn of possible retaliation.