Ger­many ex­pects gas pipe­line de­lay be­fore com­ple­tion in 2020

Muscat Daily - - BUSINESS -

The Nord Stream 2 gas pipe­line should be com­pleted in the se­cond half of next year, de­spite the US sanc­tions that prompted one of the com­pa­nies in­volved to halt oper­a­tions, al­though costs will rise, a se­nior Ger­man of­fi­cial said on Mon­day.

Switzer­land’s AllSeas Group SA re­moved ves­sels that were lay­ing the last sec­tion of the pipe­line con­nect­ing Rus­sia with Ger­many, which was just weeks away from com­ple­tion, af­ter US Pres­i­dent Don­ald Trump ap­proved sanc­tions tar­get­ing the project.

The AllSeas de­ci­sion will de­lay the pipe­line and push up costs but it should be com­pleted in the se­cond half of 2020, Peter Beyer, the Ger­man gov­ern­ment’s co­or­di­na­tor for trans-At­lantic is­sues, said.

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