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Nord Stream gas leak investigation

Allianz mum on reported renewal of Nord Stream insurance

On September 27 last year, Nord Stream AG reported unprecedented damage that occurred the day before on three strings of the Nord Stream 1 and Nord Stream 2 offshore gas pipelines

BERLIN, April 4. /TASS/. Allianz does not comment on reported renewal of cover for the Nord Stream gas pipeline damaged as a result of blasts, referring to confidential information, the international insurance group’s spokesperson Heidi Polke told TASS on Tuesday.

"We usually do not comment on the relations with clients and do not disclose contract details as such information is confidential," she said.

Earlier on Tuesday Reuters reported citing sources that German insurers Allianz and Munich Re had renewed cover for the Nord Stream, which stands in contrast to Germany's public stance of severing ties with Moscow. However, one of sources told the agency that the German government had not opposed the cover. The insurance policy covers damage to the pipeline and business interruption issues, one of the sources said. Having insurance would also facilitate any repair work needed to resume gas supplies to Europe.

On September 27 last year, Nord Stream AG reported unprecedented damage that occurred the day before on three strings of the Nord Stream 1 and Nord Stream 2 offshore gas pipelines. On September 26, Swedish seismologists registered two explosions on pipeline routes. Russia’s Prosecutor General's Office launched criminal proceedings over an act of international terrorism.

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