Baltic pipeline operators says repairs will take at least five months

<p>A natural pipeline connecting Finland and Estonia failed this week, possibly due to sabotage. The timing of the failure is certainly curious, right before the heating season gets underway.</p><p>And now it looks like the pipeline won't be fixed until April 1, at the earliest, according to the operator.</p><p>"It is likely that damage to both the gas pipeline and the communication
cable is the result of outside activity. The cause of the damage is not
yet clear, the investigation continues in cooperation between Finland
and Estonia," Finnish President Sauli Niinisto said in a statement on
Tuesday.</p><p>The pipeline and a telecommunications cable were both damaged, though in separate places.</p><p>The pipeline began leaking on Sunday and TTF prices have jumped this week in response. The supply itself from this pipeline isn't large but if Russia is blowing up pipelines, it certainly adds to winter risks.</p>

This article was written by Adam Button at www.forexlive.com.