Tag: NordStream

Germany halts controversial Russian pipeline project

by Femke COLBORNE Germany on Tuesday put on ice the controversial Nord Stream 2 pipeline in response to Moscow’s recognition of two breakaway regions in eastern Ukraine, finally halting the 10-billion-euro project that has long irked allies. Berlin had over the years doggedly pursued the pipeline which was set to double natural gas import capacity from Russia, despite opposition from the United States and Eastern Europe which fear it would leave the continent too dependent […]

Nord Stream 2 parent founds German subsidiary

FRANKFURT, Germany (AFP) – The operating company behind the controversial Nord Stream 2 gas pipeline from Russia to Germany said Wednesday it has founded a German subsidiary as it seeks to get the pipeline up and running amid rising diplomatic tensions. “The new company is to become the owner and operator of the 54-kilometre section of the Nord Stream 2 pipeline located in the German territorial waters,” the Swiss-based Nord Stream 2 AG said in a statement. […]