20:54, 21.01.21 Economy 232
Complaints against the pipeline to transport gas from Russia to Germany and other European states now have to be backed by convincing arguments.
REUTERS
Germany s federal maritime regulator BSH says the construction work on the Nord Stream 2 gas pipeline could be stopped for an indefinite period in German waters but opponents still need to give detailed reasons to justify the halt.
Two environmental groups this week filed complaints with BSH against a move to expand the period during which construction work could theoretically take place, effectively preventing further work on the pipeline for the time being, Reuters wrote on January 21.
The developer of the Nord Stream 2 gas pipeline from Russia to Germany has said it remained committed to completing the controversial link, despite growing reports of auxiliary service companies suspending participation in the project due to the threat of US sanctions. In one of his last actions before the Biden administration takes office, US .
by Bloomberg
|Wednesday, January 20, 2021
The future of Nord Stream 2 looks increasingly uncertain.
(Bloomberg) The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link.
The new sanctions come just days before work on the pipeline is scheduled to start in Danish waters. Questions now remain whether the link, owned by a unit of Gazprom PJSC, will see further delays as the U.S. tries to limit Russian influence in Europe.
For its part, the Kremlin committed Tuesday to finishing the project while Gazprom warned of the political risks involved. In Germany, lawmakers have sought a legal workaround that they believe can protect a key port from sanctions.
Nord Stream 2âs future looks increasingly uncertain By Jeremy Hodges and Vanessa Dezem on 1/20/2021
Nord Stream 2 pipeline route
(Bloomberg) The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link.
The new sanctions come just days before work on the pipeline is scheduled to start in Danish waters. Questions now remain whether the link, owned by a unit of Gazprom PJSC, will see further delays as the U.S. tries to limit Russian influence in Europe.
For its part, the Kremlin committed Tuesday to finishing the project while Gazprom warned of the political risks involved. In Germany, lawmakers have sought a legal workaround that they believe can protect a key port from sanctions.
Russia's gas giant Gazprom has acknowledged its Nord Stream 2 gas pipeline project may be suspended or discontinued over "risks associated with changes in political conditions." Yet, the project could be completed "as soon as it becomes reasonably possible."