April 2022, Vol. 249, No. 4

Projects

Projects April 2022

Nord Stream 2 Owner Considers Insolvency After Pipeline Halt, Sanctions  Nord Stream 2 during early construction. (photo: Nord Stream 2) The operator of the Russia-led gas pipeline project Nord Stream 2 said in early March it had to terminate contracts with employees because of U.S. sanctions.  The Swiss-based company is considering filing for insolvency, two sources familiar with the situation told Reuters, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.  Nord Stream 2 AG, which is registered in Switzerland and owned by Russian state-owned gas giant Gazprom, last year co

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