Fourth Leak on Pipelines Infrastructure Adds Pressure on Europe’s Energy Prices

A Fourth Leak observed on Pipelines Infrastructure will Add more Pressure on Europe’s Natural Gas Prices.

The warning came as the Swedish coast guard confirmed a fourth leak on the pipelines off southern Sweden, which is in the process of joining NATO.

The first leaks in the pipelines that extend from Russia to Germany were reported on Tuesday September 28, prompting energy companies and European governments to beef up security.

The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in citing sabotage as the likely cause of damage to two natural gas pipelines in the Baltic Sea.

The fear of further damage to Europe’s energy infrastructure has added pressure on natural gas prices, which had already been soaring. Russia, a major supplier to Europe, cut off deliveries earlier this year in retaliation for sanctions imposed after its invasion of Ukraine. That has caused widespread economic pain across the continent.

NATO ambassadors said in a statement that “any deliberate attack against allies’ critical infrastructure would be met with a united and determined response.” They refrained from saying who they thought was responsible, even though some allies like Poland, and many experts, have said they believe that Russia is responsible.