Nord Stream 2
The Biden administration waived sanctions on the company behind Russias Nord Stream 2 gas pipeline to Germany and its chief executive Secretary of State Antony Blinken said on Wednesday a move. For more information please see our Privacy.
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. About half the cost is reportedly financed by. Running under the Baltic Sea Nord Stream 2 will double Moscows gas exports to Germany but it will also circumvent Ukraine which relies on existing pipelines for income and would be hard-hit by. By continuing to use this website you agree to the use of cookies.
That bargaining chip is Nord Stream 2the controversial natural gas pipeline project that could alleviate a fair chunk of Europes energy woes. The pipeline is owned by the Russian state-owned energy company Gazprom. Nord Stream 2 is a 750-miles pipeline connecting Russia and Germany with the potential to supply 26m German homes.
The pipeline has been completed but has not yet certified by Germanys energy. Nord Stream 2 consisting of 2 lines is expected to double the total capacity of the Nord Stream system from 55 billion cubic meters BCM to 110 BCM per year. Nord Stream 2 lies alongside the Nord Stream 1 pipeline in operation since 2011.
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