ALLSEAS SUSPENDS NORD STREAM 2 ACTIVITY DUE TO US SANCTIONS

Switzerland-based Allseas, pipe-laying company for the Nord Stream 2 pipeline, reported suspension of pipelay activities, the company said in a press release on Saturday. The company said “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.”
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.
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.
The entry point of the Nord Stream 2 gas pipeline into the Baltic Sea is the Ust-Luga area of the Leningrad Region. Then the pipeline will stretch across the Baltic Sea. Its exit point in Germany will be in the Greifswald area close to the exit point of Nord Stream. The route covers over 1,200 kilometers.
(Source: Allseas/Taas Agency)