Nord Stream 2 partners retain confidence in project

The group backing the pipeline expects the project to reach completion. "Adding new Sanctions against a gas pipeline is not something that will improve transatlantic relations," says Rainer Seele, CEO of project partner OMV.

Photo: Wintershall/Bernd Schoelzchen

Nord Stream 2's backers remain confident that the project will commission. Even though US sanctions have only piled up and become more extensive during this last year and construction has stalled, the pipeline partners are still convinced that the gas will flow at some point.

"I am confident Nord Stream 2 will be built," Chief Executive Mario Mehren from German partner company Wintershall Dea told reporters in connection with the release of the group's third-quarter interim report on Monday.

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