Switzerland-based Allseas, pipe-laying firm for the Nord Stream 2 pipeline, reported suspension of pipelay actions, the corporate mentioned in a press launch on Saturday. The firm mentioned “In anticipation of the enactment of the National Defense Authorization Act (NDAA), Allseas has suspended its Nord Stream 2 pipelay actions. Allseas will proceed, according to the laws’s wind down provision and count on steering comprising of the mandatory regulatory, technical and environmental clarifications from the related US authority.”
It was reported earlier on Saturday that sanctions in opposition to the Nord Stream 2 and TurkStream gasoline pipelines, included within the army funds for the 2020 fiscal yr signed by US President Donald Trump (started on October 1), got here into power.
The Nord Stream 2 challenge includes building of two traces with a complete capability of 55 bln cubic meters of gasoline per yr from the coast of Russia via the Baltic Sea to Germany. Gazprom’s European companions within the challenge are German Uniper and Wintershall, Austrian OMV, French Engie and Anglo-Dutch Shell. The pipeline bypasses transit states – Ukraine, Belarus, Poland, and different East European and Baltic nations – via the unique financial zones and territorial waters of Russia, Finland, Sweden, Denmark, and Germany.
The entry level of the Nord Stream 2 gasoline pipeline into the Baltic Sea is the Ust-Luga space of the Leningrad Region. Then the pipeline will stretch throughout the Baltic Sea. Its exit level in Germany shall be within the Greifswald space near the exit level of Nord Stream. The route covers over 1,200 kilometers.
(Source: Allseas/Taas Agency)

The submit ALLSEAS SUSPENDS NORD STREAM 2 ACTIVITY DUE TO US SANCTIONS appeared first on Energy Global News.

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