GZPFY - Denmark asks Gazprom to help salvage unknown object in Nord Stream dive

2023-03-24 16:36:50 ET

Denmark's energy agency said Friday it invited Russia's Gazprom ( OTCPK:GZPFY ) ( OTC:GZPMF ) to help salvage an unidentified object found near the site of one of the damaged Nord Stream gas pipelines linking Russia to Germany.

The Danish Energy Agency said earlier this month it had discovered an unknown cylindrical object during an inspection of the one remaining intact pipeline.

Vladimir Putin has said Russia also identified an "antenna-like" object 19 miles from the explosion site, although it is unclear whether the two countries were referring to the same object.

Some analysts say the object is an old marine location marker, which "wash up on the shores of Bornholm quite regularly."

Both Nord Stream 1 and 2 pipelines exploded last September in the Baltic Sea, a coordinated attack that leaders have called an act of "sabotage."

Russian officials have complained repeatedly that Denmark, Sweden and Germany have prevented the country from participating in investigations into the explosions.

The explosions occurred at a time when Gazprom had cut gas exports to Europe below contracted minimal volumes in apparent retaliation for sanctions imposed after Russia's invasion of Ukraine .

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