None of the explanations makes a lot of sense to me. Either there was a very weird and unlucky combination of things that created an accident or accidents or someone took an action that doesn't make a lot of sense IMO, or someone stepped up and managed to pull something off that would seem beyond their capabilities.
Ships and aircraft of various countries were near the area at times before the explosion but that's pretty meaningless. The Baltic has a lot of civilian and military traffic it isn't some obscure patch of distant Ocean that no one really cares about.
Theories -
1 . Russia did it -
They certainly had the capability. Wouldn't even need to put a ship or sub or aircraft anywhere near where the explosion happened, they could transport explosives through the pipeline. They could of course just turn it off (and in fact had done so for Nord Stream 1 (2 was shutdown on the Germany side). They were not getting any revenue from the pipelines anyway. OTOH that was partially their choice (they shut down #1) and while there prospect fro revenue in the future was dim, it wasn't zero so you would think they would hold up some hope. A 10 percent chance of many billions is worth a lot of money. Why would they do it? Well they might avoid liability for not meeting contractual obligations. Could be a "burn your ships" or "burn your bridges" type of action showing contempt for the west and internally making an internal political signal that there can be no backing down. Could be a threat that other important pipelines and at sea infrastructure are vulnerable. Could be an attempt to make people think the US did it to try to sew division within NATO. Could be an attempt to block the Germans fro musing the part of the pipeline in German waters for an offshore LNG terminal.
2 - Anti-war Russian saboteurs did it -
From a perspective of motivation this perhaps makes the most sense. Perhaps an anarchist anti-war and anti-government group, trying to harm Russia. But they are the least likely to have the capability. I doubt they could pull off getting to the site of the damage with a large explosive. Maybe they had people working in Gazprom and sent explosives through the pipeline? That's possible but it seems unlikely they would have that access.
3 - Germany did it -
All the theories seem unlikely to me (although it did off course happen, so something unlikely happened) but this perhaps the least likely. Like Russia they could destroy it through the pipeline without needing to get close to the area of the explosion. But Germany while they decertified Nord Stream 2, actually wanted to continue to get gas from Nord Stream 1 for a time. Also they might use the parts of Nord Stream 2 in German for an offshore terminal (not sure if the plan was to use 1 or 2, but eventually both could have been used). Why would they do it? The government could have thought that they may face pressure to open up Nord Stream 2 this winter, and didn't want to go back on their decision to close it so they closed off that possibility. But than why also blow up Nord Stream 1. Some faction in the intel services or some saboteurs who worked for Nord Stream AG? Not impossible but it also seems one of the least likely answers.
4 - US did it -
Why would they do it? Well there could have been a thought that Germany would cave on allowing Nord Stream 2 operations and this closes that option. Maybe 1 was hit as well because the Russians could always decide to send gas that way and the Americans didn't want the Germans buying Russian gas? Also the US supplies LNG, while currently the exports are at capacity since the Freeport terminal explosion, there may be the thought that NG prices generally and specifically LNG would go up with an exploded major pipeline, and/or that Germany would be more locked in to buying US LNG in the long run. But it would require an extraordinary amount of willingness to take serious diplomatic risks, for a pretty modest gain.
5 - Ukraine did it -
It would lock out the possibility of Russia receiving funds from selling gas through the pipelines. Also maybe they could hope Russia would be blamed. Still this seems one of the least likely possibilities. Russia wasn't getting any revenue through those pipelines at the moment and it seems unlikely they would ever get revenue through #2. Ukraine would seem to have less ability to pull it off than the other countries listed, they aren't near the pipeline, and their countries resources are going in to the war effort. And the risk would be enormous. There is a good chance it eventually would get out and some chance it would get out quickly, which could devastate support for Ukraine within Germany and harm support elsewhere, and that support is very important to them. The gains would be very small compared to the potential harm.
6 - Estonia, Latvia, Lithuania or Poland did it -
They have easy access to the area and a strong dislike for Russia. But while their downside isn't as large as Ukraine's it still seems too reckless. I can see them taking the risk for an action that would at one stroke mean Russia's defeat (if any such action existed) but not for such modest potential Russian down side. It doesn't really impact Russia's war.
7 - China did it -
Maybe they wanted to make things even crazier for Europe and hoped the US would be blamed? This is another one of the least likely possibilities IMO.
8 - Some other country did it - Who? Why? Can't think of any scenarios that seem to make much sense.
9 - It was an explosion caused by underwater live munitions from previous wars. Apparently there were such munitions near the Nord Stream 2 breach. But what would cause them to shift to where the pipeline is and blow up now? Also it seems a Nord Stream 1 breach was not near any known location of underwater munitions.
10 - Methane Hydrate plugs - See https://thelawdogfiles.com/2022/09/nordstream.html
Such plugs are apparently more likely to form when the gas is sitting in place, like it was in Nord Stream. And they could cause pipeline ruptures. But both pipelines at pretty much the same time? Also unless there was more than the normally very low level of oxygen in the pipelines (which is monitored to avoid corrosion and at higher levels combustion risk) that would allow for combustion I don't see how you would get explosions as large as those that were detected.
11 - Other - Different causes for each pipeline (different countries sabotaged each one, or one was an accident and one was sabotage), eco-terrorism (would they have the ability and would they want to release that much methane), aliens, etc. No real reason to seriously consider any of these without some specific evidence. They are all a bunch of wacky theories, that I'm not taking seriously. Something I haven't even considered? Well of course that's possible but what?
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Notes -
First of all people are in the mindset that the US did it forgot that there are rational reasons for the Russians to blow up the pipelines. If Putin senses that his grip on power is getting tenuous he makes sure that those who replace him the new powers that be in Russia doesn't benefit at all nor does Europe. But it is an assumption that we don't have evidence for, but there is sufficient basis for such speculation IMO.
Yes, three of the explosions were near the powertransfer cable between Sweden and Poland. I haven't heard anything of damage or if it is intact since the initial reports that it was close to the explosions. But it is vulnerable infrastructure.
Russia also has history of doing this before. They cut the fiber optic cable between Svalbard and Norway "for the lulz" (iow, to send a message / test their capabilities).
Is there any good evidence for Russian involvement in that? From my (admittedly cursory) search it seems it's just speculation.
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