German power giant warns of possible Nord Stream 2 collapse

The probability of gas pipeline project Nord Stream 2 not reaching completion has increased following US pressure, and Germany's Uniper warns of possible consequential impairments.

Uniper CEO Andreas Schierenbeck. | Photo: Thilo Schmuelgen/Reuters/Ritzau Scanpix

Last month, Russian pipeline-laying ship Fortuna raised anchor from Germany's Port of Mukran on the island of Rügen and began to sail toward Danish waters, where the country's authorities had just issued a permit to continue work on the contentious gas pipeline, Nord Stream 2, between Russia and Germany.

However, whereas the Baltic is reportedly tranquil amid the late summer heat wave, a storm is brewing across the Atlantic, where fierce political opposition paired with economic sanctions put the project at risk of capsizing.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs