Nord Stream 2 to Resume Pipelaying This Year
MOSCOW (Reuters) - Russia's Nord Stream 2 said it plans to resume pipelaying work on a 1.62-mile (2.6-km) stretch of the stalled Moscow-backed gas pipeline to Europe in Germany's Exclusive Economic Zone.
The 765-mile (1,230 km} pipeline under the Baltic Sea, which Moscow hopes will boost the amount of gas it can pump to Europe bypassing Ukraine, is nearly finished but a final stretch of about 120 km still needs to be laid.
Work was halted last December when pipe-laying company Swiss-Dutch Allseas suspended operations after U.S. sanctions targeted companies providing vessels to lay the pipes.
The pipeline, which Washington says compromises European energy security, has become a flashpoint in relations between Russia and the West that have sunk to post-Cold War lows.
Nord Stream 2 will name the pipelaying vessel it plans to use at a later date, it said in a statement Saturday. It did not say when the work would be finished or how the other remaining sections of the pipeline would be laid.
The resumption of activity comes after outgoing U.S. President Donald Trump, whose administration has staunchly opposed the pipeline, lost to president-elect Joe Biden in the Nov. 3 election.
Nord Stream 2 is led by Russian gas giant Gazprom, with half of the funding provided by Germany's Uniper, BASF's Wintershall, Anglo-Dutch oil major Shell , Austria's OMV and Engie
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