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Nord Stream 2 management company to launch bankruptcy proceedings

... confidentiality of negotiations on potential insolvency. It is reported that Nord Stream 2 AG is currently cooperating with a financial advisor on a number of its obligations and may initiate a bankruptcy case in a Swiss court as early as this week. Nord Stream 2 AG was created by Gazprom to implement a project to double the capacity for pumping gas from Russia to Germany. The cost of the project, which is currently almost completed, amounted to $11 billion. The pipeline with a length of over 1,000 kilometers has been completed and, in order to start operation, it needed to complete the certification procedure ...

German insurance company stops insuring Nord Stream 2 pipeline

... Agency. The head of the ministry, Robert Habek, noted that this decision was of technical importance and did not mean the liquidation of the project. And although the head of the department expressed regret at the very fact that the construction of Nord Stream 2 had already begun, certification of the gas pipeline could still be continued. At the same time, a number of politicians call the current decision of the executive branch of Germany ‘problematic’. In particular, Klaus Ernst, the head of the profile committee of the German parliament, gave such an assessment. In his opinion, the suspension of the launch of the pipeline will have a negative impact on the supply of fuel to more ...

GERMAN ACTIVISTS FILED A LAWSUIT AGAINST CONSTRUCTION OF NORD STREAM 2

... pipeline, but the environmental damage can be extremely serious. The representatives of DUH noted that the construction permit ignored the problems of the impact on the climate, porpoises and seabirds. We should recall that during the realization of Nord Stream 2 project, two pipelines are to be laid through which about 55 billion cubic meters of gas can be annually supplied from Russia to Germany via the Baltic Sea. The project is resonant and affects the interests of the United States, since the country intends to promote its own gas to Europe. Nord Stream 2 has come under the US sanctions, but the pipeline continues to be laid.

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