Nord Stream 2 participants strive to complete project as soon as possible

Business & Economy December 21, 2019, 12:34

Allseas has suspended pipelay activities until legal, technical, and environmental clarifications are received

MOSCOW, December 21. /TASS/. Companies participating in the construction of the Nord Stream-2 gas pipeline will work to complete the project as soon as possible, Nord Stream 2 AG told TASS.

"Allseas has suspended pipelay activities until legal, technical, and environmental clarifications are received," the company noted.

"Completion of the project is important for the security of energy supplies to Europe. We, together with the companies participating in the project, will work to complete it as soon as possible," the company added.

Switzerland-based Allseas, pipe-laying company for the Nord Stream 2 pipeline, reported earlier suspension of pipelay activities. "In anticipation of the enactment of the National Defense Authorization Act (NDAA), Allseas has suspended its Nord Stream 2 pipelay activities. Allseas will proceed, consistent with the legislation’s wind down provision and expect guidance comprising of the necessary regulatory, technical and environmental clarifications from the relevant US authority," the company said.

It was reported earlier on Saturday that sanctions against the Nord Stream 2 and TurkStream gas pipelines, included in the military budget for the 2020 fiscal year signed by US President Donald Trump (began on October 1), came into force.

Russian presidential spokesman Dmitry Peskov said on Wednesday that US sanctions against Nord Stream 2 violate international law and present a perfect example of unfair competition.

The United States Senate approved the National Defense Authorization Act (NDAA) specifying the annual budget and expenditures of the US Department of Defense for 2020 fiscal year (started on October 1), which obliges the administration to impose sanctions on the Russian Nord Stream 2 and TurkStream pipelines. Earlier, on December 11, the House of Representatives voted for the document.

The Nord Stream 2 project involves construction of two lines with a total capacity of 55 bln cubic meters of gas per year from the coast of Russia through the Baltic Sea to Germany. Gazprom’s European partners in the project are German Uniper and Wintershall, Austrian OMV, French Engie and Anglo-Dutch Shell. The pipeline bypasses transit states - Ukraine, Belarus, Poland, and other East European and Baltic countries - through the exclusive economic zones and territorial waters of Russia, Finland, Sweden, Denmark, and Germany.

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