Russia gas export pipeline in jeopardy as Trump signs sanctions bill | Malay Mail

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WASHINGTON, Dec 20 — Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid US sanctions contained in legislation signed by President Donald Trump yesterday. The move throws into doubt the completion date of the US$11...

Saturday, 21 Dec 2019 11:49 AM MYT

The move throws into doubt the completion date of the US$11 billion project that Moscow had said would be ready in months, jeopardizing plans to quickly expand Russian sales of natural gas to Europe via pipeline. “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.”

Nord Stream 2 would allow Russia to bypass Ukraine and Poland to deliver gas under the Baltic Sea to Germany.

 

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