06 Jan 2021
Norwegian firm DNV GL said Monday it was halting work to certify the Nord Stream 2 gas pipeline between Russia and Germany because of the threat of US sanctions.
Technical and safety specifications must be certified for the 10-billion-euro ($12-billion) pipeline under the Baltic Sea to enter into service.
“DNV GL will cease all verification activities for the Nord Stream 2 pipeline system in line with sanctions and while sanctions are in place,” the firm said in a statement.
Nord Stream 2 is set to double Russian natural-gas shipments to Germany, Europe’s largest economy.
It has long been in the crosshairs of the United States, particularly under President Donald Trump, whose government has openly criticised European countries for their reliance on energy from Russia.
Work resumed on the nearly completed pipeline in December after an almost year-long suspension caused by US threats of asset freezes and visa restrictions for companies involved.
Work on a section of the pipeline in Danish waters was set to begin in mid-January.
“We are implementing a plan to wind down our verification support to the project,” said DNV GL, a leading firm that certifies equipment installations for the maritime and energy industries.
Read more by Agence France-Presse via Barron’s
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