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Norway's DNV GL Halts Nord Stream 2 Completion After US Sanctions

RUSSIA

NORD STREAM 2 DEVELOPMENTS

  • Norway Risk management firm DNV GL refuses to certify Russia's Nord Stream 2 after new US sanctions
  • making the launch of the pipeline impossible - Unian.Info.
  • US sanctions can be imposed on any entity involved in construction, underwriting, insurance to pipe-laying vessels of facilitates ship retrofitting & upgrading
  • also testing, inspecting and certification services.
  • WH retains flexibility to waive sanctions of national security grounds while exempting EU govt entities from sanctions and requiring consultations before sanctions are applied
  • German officials underscore importance of Nord Stream 2 as a means to guarantee Berlin's energy security amid a coal phase-out.
  • "Refusing Nord-stream 2 is political suicide" - German MP Herdt - Sputnik News
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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