US sanctions company behind €9.5bn Nord Stream 2 pipeline
The US government has imposed sanctions on Nord Stream 2 AG company, which is in charge of Russia's Nord Stream 2 gas pipeline project
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The US government has imposed sanctions on Nord Stream 2 AG company, which is in charge of Russia's Nord Stream 2 gas pipeline project
The subsea pipeline has been in the works for months, though it has been pitted with delays amidst concern over energy reliance on Russia.
Facing the prospect of Russia turning off the gas taps, the EU focuses on finding LNG from “more reliable partners”.
The Russian invasion on Thursday this week has sent energy markets spinning, and concerns over tightening supplies rising.
The planned gas processing plant at Halfaya field in Iraq has been completed by 51% and is scheduled for completion in mid-2023.