Allseas suspends Nord Stream 2 activities due to threat of US sanctions

Allseas suspends Nord Stream 2 activities due to threat of US sanctions
  • Clock-gray 13:50
  • calendar-gray 21 December 2019

Switzerland-based Allseas, pipe-laying company for the Nord Stream 2 pipeline, reported suspension of pipelay activities, the company said in a press release on Saturday, APA reports citing TASS.

"In anticipation of the enactment of the National Defense Authorization Act (NDAA), Allseas has suspended its Nord Stream 2 pipelay activities. 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 said.

It was reported earlier on Saturday that sanctions against the Nord Stream 2 and TurkStream gas pipelines, included in the military budget for the 2020 fiscal year signed by US President Donald Trump (began on October 1), came into force.

apa-logo-mini

Other news