Allseas suspends Nord Stream 2 pipelay activities

Allseas suspends Nord Stream 2 pipelay activities

The move throws into doubt the completion date of the $11 billion project that Moscow had said would be ready in months, jeopardizing plans to quickly expand sales of natural gas to Europe via pipeline, Reuters reports.

“In anticipation of the enactment of the National Defense Authorization Act (NDAA), Allseas has suspended its Nord Stream 2 pipelay activities,” the company said in a statement dated Dec. 21.

“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,” the company noted.

(C)UKRINFORM 2019

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