Russia's Nord Stream 2 Set to Resume Pipe-laying Work

Share:

November 30, 2020
© Nord Stream 2 / Axel Schmidt (File Photo)

© Nord Stream 2 / Axel Schmidt (File Photo)

Russia's Nord Stream 2 said on Saturday it planned to resume pipe-laying work on a 2.6 kilometer (1.62 mile) stretch of the stalled Moscow-backed gas pipeline to Europe in Germany's Exclusive Economic Zone.

The 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 pipe-laying 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. 

(Reporting by Vladimir Soldatkin; Writing by Tom Balmforth; Editing by Christina Fincher)

No comments

More Popular Posts

About Crude Oil Facilitators

Crude Oil Facilitators are dedicated global brokers and facilitators of crude oil buying and selling. We work directly with crude oil buyers and crude oil sellers worldwide. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the brokering of crude oil and other petroleum products buying and selling.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact Crude Oil Facilitators, click here ». To learn more about Crude Oil Facilitators, click here


Crude Oil Facilitators