AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)
Business & Finance

Nord Stream 2 says work in Danish waters to resume on Jan. 15, TASS reports

  • A Danish maritime regulator said last month construction work would resume in Danish waters in mid-January.
  • he United States also plans to increase sales of shipments of its liquefied natural gas (LNG) to Europe.
Published January 14, 2021

MOSCOW: The Russia-led Nord Stream 2 consortium said on Thursday that work to lay its subsea gas pipeline to Germany would resume in Danish waters on Jan. 15, the TASS news agency reported, despite pressure from the United States for construction to stop.

Russia said on Wednesday it was confident of completing the project, although two sources said the US State Department had this month told European companies suspected of helping to build the pipeline that they faced possible sanctions.

Nord Stream 2 has not responded to a request for comment.

A Danish maritime regulator said last month construction work would resume in Danish waters in mid-January, with a vessel called Fortuna laying the pipes.

Nord Stream 2, designed to double capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany, has become a point of contention between Moscow and Washington, with the United States seeking to cut Europe's reliance on Russian energy.

The United States also plans to increase sales of shipments of its liquefied natural gas (LNG) to Europe.

The group behind the pipeline suspended works in December 2019 due to the threat of sanctions from Washington. It resumed construction last month in shallow German waters.

The consortium, led by Russian gas giant Gazprom, still has to lay more than 100 km (62 miles) of the pipeline, which will have annual capacity to pump 55 billion cubic metres of gas. More than 90% of the project has been completed.

Gazprom's western partners in the project, which is estimated to cost 9.5 billion euros ($11.5 billion), are Germany's Uniper, BASF's Wintershall Dea , Anglo-Dutch oil major Shell, Austria's OMV and French energy company Engie.

Comments

Comments are closed.