Dutch gas grid operator Gasunie says it has written off Nord Stream 1 stake

Compressor station of Dutch gas company Gasonie in Embsen
General view at a compressor station of Dutch gas company Gasunie, that's specializing in gas transport with a more than 15500 kilometer long pipeline network in the Netherlands and Germany, in Embsen, Germany, April 1, 2022. REUTERS/Fabian Bimmer

AMSTERDAM, March 8 (Reuters) - The Dutch natural gas grid operator Gasunie said on Wednesday it has written off its 9% stake in the Nord Stream gas pipeline that was badly damaged in September 2022.

In its annual report, Gasunie said the stake, originally valued at 508 million euros ($535.43 million), is now worth zero as it does "not foresee a resumption of gas deliveries via Nord Stream for the foreseeable future."

It said it was in talks with other shareholders over the stabilisation of pipelines to prevent further environmental damage and to ensure safety.

($1 = 0.9488 euros)

Reporting by Toby Sterling, Editing by Louise Heavens

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