EnergyWatch

Gazprom eyes risk for Nord Stream 2

Reuters reports that the Russian gas company is concerned its gas pipeline might be suspended due to new US sanctions.

Photo: Maxim Shemetov/REUTERS / X90156

Gazprom, the leading company backing contentious gas pipeline project Nord Stream 2, has in a document acknowledged the risk of its development being suspended or canceled because of political pressure, reports Reuters, which has seen the memo.

The US managed to halt the project from December of 2019 and one year forward. The country claims the Russian-German connection will make Europe too reliant on its eastern neighbor's resources. At the same time, the US has major interests in exporting its LNG to the continental market.

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