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German Bilfinger SE Company leaves Nord Stream 2 amid US sanctions threat

Source : 112 Ukraine

Bilfinger informed Nord Stream 2 AG about its intention to withdraw from the project
13:13, 20 January 2021

Nord Stream 2 gas pipeline
Reuters

German Bilfinger SE Company refused participation in the Nord Stream 2 construction due to the concerns to be sanctioned by the U.S., as DW reported.

It is noted that the company has already reported to Washington about the intention to follow the norms of American PEESCA (Protecting Europe's Energy Security Clarification Act). Besides, the company informed Nord Stream 2 AG about its intention to withdraw from the project. However, the Russians did not respond and Bilfinger is afraid of the lawsuit from Nord Stream 2 AG.

Related: Germany regrets U.S. new sanctions against Nord Stream 2

Earlier, the U.S. Department of the Treasury applied sanctions against Fortuna barge and its owner KVT-Rus. The vessel is involved in the gas pipeline construction.

Bilfinger SE replenished the list of firms that stopped their participation in the project due to the U.S. sanctions. Earlier, Swiss Zurich Insurance Group AG, Det Norske Veritas Holding AG certification agency, and Danish consultant withdrew from the project.

Previously, due to the threat of U.S. sanctions, the construction of Nord Stream 2 was significantly delayed.

Related: Ecologists achieve temporary stop of Nord Stream 2 construction in German waters

The new permission is necessary as Swiss-Dutch Allseas Company revoked its special pipe-laying vessels at the end of 2019 under the pressure of the U.S. Russia made a decision to count on its own capacities. Akademik Cherskiy vessel was involved in the works. Besides, Fortuna barge is involved.

However, at the beginning of October, the Danish Energy Agency granted a permit to operate a section of the Nord Stream-2 gas pipeline, subject to a number of conditions ensuring the safe operation of the pipelines.

Earlier, Nord Stream 2 AG Company finished the works on the construction of the part of the Nord Stream 2 gas pipeline in the exclusive economic zone of Germany.

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