Nord Stream 2 Pipe-Laying Vessel Nears Project Hub
MOSCOW (Reuters) — Russian pipelaying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, is heading towards the German project hub of Mukran, Refinitiv Eikon data showed on Monday.
According to the ship tracking data, the vessel is due to arrive at Mukran port - where pipes for the Nord Stream 2 are stored - on Tuesday Oct. 27, having been near the Russian port of Kaliningrad since early October.
The $11 billion Nord Stream 2 gas pipeline, which Moscow wants to build on the bed of the Baltic Sea to Germany to double the existing Nord Stream pipeline's capacity, has become a focal point of Russian tensions with the West.
Critics of the pipeline say it will increase Europe's reliance on Russian gas. The Kremlin last week said that U.S. sanctions targeting the project were unfriendly and destructive.
Construction of the 764-mile (1,230-km) pipeline is nearly finished but a final stretch of about 75 miles (120 km) in Danish waters still needs to be laid.
Work was halted in December when pipelaying company Swiss-Dutch Allseas suspended operations after U.S. sanctions targeted companies providing vessels to lay the pipes.
Nord Stream 2 is led by Russian gas giant Gazprom, with half of the funding provided by Germany's Uniper and BASF's Wintershall unit, Anglo-Dutch oil major Shell, Austria's OMV and Engie.
Related News
Related News
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments