Uniper ends financing of Nord Stream 2 pipeline

Germany’s Uniper acting as the financial partner of the Nord Stream 2 gas pipeline project does not plan to finance it in the future, the company’s top manager said at an online press conference on Thursday. "We can …

European companies back out of Nord Stream 2

Eighteen companies have terminated their participation or are in the process of withdrawing, following U.S. sanctions threats. The U.S. has only imposed sanctions on one company, but has threatened to "take further action." So …

Munich Re stops insuring Nord Stream 2

 A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government. The U.S. has been threatening sanctions against European companies …

Germany to discuss creation of  foundation for Nord Stream-2

The German state of Mecklenburg-Vorpommern plans to set up a foundation to facilitate the completion of the Nord Stream 2 (NS2) pipeline to bring Russian gas to Germany and to fend off the threat of increased U.S. sanctions that halted work last …

U.S. senator believes Nord Stream 2 to be stopped

U.S. Senator Ted Cruz has expressed confidence that new U.S. sanctions will prevent the completion of a controversial Russian natural gas pipeline to Europe. "This project, I believe, will never deliver gas," Cruz told an …