China predicted shocks in the energy markets due to the state of emergency at Nord Stream

BEIJING, Oct 1 – PRIME. China is ready to work with all parties to ensure the security of cross-border infrastructure in the aftermath of the Nord Stream incident, which will cause turmoil in energy markets and an increase in energy prices, Deputy Permanent Representative of China to the UN Geng Shuang said at a UN Security Council meeting.

“We are seriously concerned about the recent numerous leaks at the Nord Stream, accompanied by strong underwater explosions. Nord Stream is the main energy transportation artery in Europe, providing vital gas supplies to 23 European countries,” he said.

Geng Shuang believes that the destruction of the main lines has exacerbated the problem of energy shortages in Europe, “consumers around the world, including in developing countries, are likely to suffer from the resulting turmoil in the energy markets and rising energy prices.”

He noted that leaks continue and have an impact on shipping lanes and the environment.

“We have noted that the information currently available indicates that the leaks that occurred this time are not an accident, but most likely the result of a deliberate sabotage. If this is true, then this would be an attack on transnational civilian facilities and underwater gas pipelines in violation of international law. We also noted that all interested parties agree on the need for an objective, impartial and professional investigation of leaks,” he added.

Geng Shuang added that China is “ready to work with all parties to ensure the security of cross-border infrastructure.”