U.S. Sanctions Could Hit Nord Stream 2 Construction in Danish waters
BERLIN (Reuters) - Germany believes a new U.S. law imposing sanctions on companies building Russia's contested seabed Nord Stream 2 pipeline could affect ongoing construction works off the coast of Denmark, Bild newspaper said, citing a government document.
According to an Economics Ministry document cited by Bild, Germany expected President Donald Trump to sign the bill into law by Friday at the latest, meaning the Dutch-Swiss company Allseas, currently laying the pipeline off the Danish island of Bornholm, could be hit.
But the document did not rule out that the pipeline could be completed within the 30-day "cool-down" period envisaged by the bill.
The United States opposes the pipeline, which will allow Russia to bypass intermediaries Poland and Ukraine to deliver gas straight to Germany, saying it will heighten Europe's dependency on the strategic rival to its east.
Denmark was the last country to approve construction of Nord Stream 2 within its territorial waters, along the project's path from Russia to Germany. At the time of Denmark's approval in late October, Gazprom said it had already completed more than 87% of Nord Stream 2.
Related News
Related News
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Evacuation Technologies to Reduce Methane Releases During Pigging
- Editor’s Notebook: Nord Stream’s $20 Billion Question
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Russian LNG Unfazed By U.S. Sanctions
Comments