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Allseas company does not plan to resume construction of Nord Stream 2

Source : 112 Ukraine

After the United States adopted sanctions against the Nord Stream 2 and Turkish Stream gas pipelines, the Swiss pipe-laying company immediately stopped work in the Baltic Sea
14:48, 31 December 2019
Nord Stream 2 pipeline
alliance/dpa
 
The Allseas Swiss company, previously working on the Nord Stream 2 project, does not plan to resume the construction of the pipeline. Pipelayer vessels left the Baltic region and are already preparing to work on another project, DW reports.
 
Note that on December 20, US President Donald Trump signed the defense budget for 2020, which provides for sanctions against the Nord Stream 2 and Turkish Stream pipelines. The bill provides for restrictions against foreign companies with operating vessels for the construction of Nord Stream 2 and Turkish Stream. In particular, fines include a ban on entry into the United States. In addition, any property owned by companies located in the United States will be frozen. This could affect the assets of Allseas in Texas, as well as the company's ships, which operate in the territorial waters of the United States.

On the night of Saturday, December 21, immediately after the entry into force of the law on American sanctions, Allseas suspended its participation in the construction of the Nord Stream 2 gas pipeline. On December 27, the State Department announced that contractors would be able to avoid sanctions if all work was curtailed before January 20. However, Allseas did not want to resume construction even before this date, although the company had to lay about 160 km of the 2460 pipeline.
 
 
Nord Stream 2 is a gas pipeline that should connect Russia with Germany along the bottom of the Baltic Sea. The length of the route is more than 1200 km, the capacity of the new pipeline will be 55 billion m³ of gas per year. The cost of the project is 9,5 billion euros, it is financed in half by Russian Gazprom and five European companies: the Anglo-Dutch Shell, German Wintershall and Uniper, the French Engie and the Austrian OMV.

The authorities of Ukraine, Poland, Hungary, Moldova, Romania, the Czech Republic, Slovakia, Latvia, Lithuania and Estonia consider Nord Stream 2 a threat to Europe’s energy security.
 
 
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