Uniper Allows Freezing Construction of Nord Stream 2 due to US Sanctions
OREANDA-NEWS. Tightening US sanctions against the gas pipeline Nord Stream 2 increases the likelihood that the project will be delayed or not completed at all. This is stated in the report of the German company Uniper, one of financial partners of the Russian energy corporation Gazprom in the project.
“As the USA intensifies its efforts to target sanctions against the project Nord Stream 2, the likelihood of a delay or even a halt in pipeline construction increases,” the message says. At present, Uniper is actively monitoring the situation and taking all necessary steps to ensure compliance with applicable regulations.
Nord Stream 2 is working to mitigate the effects of the currently suspended pipe-laying work and to bring the project to completion, Uniper’s representatives note. Completion of the gas pipeline from Russia to Europe receives strong political support from governments of several countries, as well as the European Union.