Munich Re, Allianz Renew Cover for Damaged Nord Stream 1 Pipeline, Reuters Reports
04 April 2023 - 12:45PM
Dow Jones News
--German insurers Munich Re AG and Allianz SE have renewed cover
for the Nord Stream 1 natural-gas pipeline, which is 51%-owned by
Russian state-owned energy company Gazprom PJSC and was damaged in
September after alleged sabotage, Reuters reports, citing unnamed
sources.
--The insurance policy covers damage to the pipeline and
business-interruption issues, and would facilitate potential
repairs to resume gas deliveries, according to Reuters.
--The German government didn't oppose the move despite its
public stance of cutting ties with Russia, Reuters reports, citing
one of the sources.
Full story: https://reut.rs/3ZFJCXa
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
April 04, 2023 06:30 ET (10:30 GMT)
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