Norway apos;s DNV GL Suspends Nord Stream 2 Work Over U.S. Sanctions Fear
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It was not immediately clear what impact DNV GL's move would have on the project.<br><br>MOSCOW, Nov 26 (Reuters) - Norway's risk management and quality assurance firm DNV GL has suspended work on the Nord Stream 2 gas pipeline project led by Russia's Gazprom for fear of being sanctioned by the United States, it said on Thursday.<br><br>Most experts say we'll have many more ready to distribute by early 2021. 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"Under these new guidelines, we find DNV GL's verification activities linked to vessels with equipment serving the Nord Stream 2 [https://www.foxnews.com/search-results/search?q=project project] to be sanctionable.<br><br>While the $11 billion project is led by Russia's Gazprom, half of the funding comes from five European partners: Germany's Uniper and BASF's Wintershall unit, Anglo-Dutch oil company Shell, Austria's OMV and France's Engie. |