Europe Rushes to Assess Leaks in Nord Stream

The gas leak at Nord Stream 2 seen from the Danish F-16 interceptor on Bornholm

European countries are scrambling to investigate two mysterious gas leaks in major Russian pipelines running below the Baltic Sea. You may recognize the “Nord Stream” name from current events: the two natural gas pipelines have been frequently mentioned as tangential casualties in Russia’s invasion of Ukraine. As the European Union (EU) countries have stepped up the political pressure on Russia, Russia has countered with threats to discontinue the natural gas deliveries that power much of Europe’s electrical grid.

First, Denmark’s Energy Minister said in a written statement Monday that a gas leak had been detected in Stream 2, even though it is not currently pumping natural gas to Europe. A short time later, Sweden’s Maritime Authority warned of two leaks in Russia’s Nord Stream 1 pipeline. Now, both the EU and Russia are having to consider all options as to what could have caused the suspiciously timed leaks. Denmark’s Prime Minister finds it “hard to imagine that these are coincidences.”

Even Dmitry Peskov, Kremlin spokesman, said “no option can be ruled out right now.”

Although geopolitical conflict had halted the operation of both pipelines, they still contained gas under pressure. Given the recent skyrocketing energy costs in Europe, it’s fair to say that many were hoping the pipelines would begin to flow again at some point in the near future. With this new damage to contend with, those hopes are in jeopardy.


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Daniel is Vice President of Fleet Card Services. His focus is on growing Guttman Energy’s Fleet Card Services business, including our Fuelman Fleet card and Pac Pride commercial fueling operations Daniel’s responsibilities include finding new offerings to enhance our card offering, improving the profitability of the business, and driving growth through both new customer additions and acquisitions of competitive card decks. Prior to his current role, Daniel served as the Manager of Business Development. His previous roles also include data analyst, wholesale and commercial sales, as well as pipeline scheduling. Daniel received his Bachelor of Arts degree from the University of Vermont and has earned educational certificates from the University of Pittsburgh, the Kellogg School of Business at Northwestern University, and Harvard Business School. Daniel Guttman has become the first fourth generation family member to become an executive of the company. Daniel’s great-grandfather founded the Company in 1931.

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