Switzerland-based energy consortium Nord Stream has launched a €400 million lawsuit against insurers including Lloyds of London and Arch Insurance. The contractual disputes relate to the ruptured pipelines Nord Stream 1 and 2, which were designed to transport Russian gas to western Europe. After an underwater explosion in 2022, most of the infrastructure was damaged, causing energy prices to rocket in Europe. Sweden closes probe into Nord Stream pipelines explosionExplosive traces found on yacht in Nord Stream sabotage probeNord Stream is now suing its insurers, claiming that they failed to pa…