18 EUROPEAN COMPANIES BACK OUT OF NORD STREAM 2

At least 18 European companies terminated their further participation in the Nord Stream-2 project due to the threat of the US sanctions. Such information is contained in the US State Department report, prepared for the Congress

The day before, the State Department assessed the sanctions measures against Nord Stream 2 for effectiveness, and the new US administration concluded that they were effective.

The Nord Stream 2 project is a gas pipeline that runs along the bottom of the Baltic Sea from Russia to Germany. At the moment, the work on it is almost completed, but the influence of the United States makes it difficult to finish it. The construction process was planned to be completed in 2019, but this did not happen due to sanctions.

Despite all the difficulties, Russia intends to complete the construction, but has not named any dates yet.

Gazprom company explains it by the influence of the various factors, including weather. It is worth noting that the total cost of Nord Stream 2 construction is estimated at $ 11 billion.

According to many experts, the American side is opposing the construction of the Russian gas pipeline due to competition with the liquefied natural gas available in the United States - its supplies are planned to be established on the European market as well.