Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 04, 2020

Russian Ship That Could Finish Nord Stream 2 Link Reaches Baltic

(Bloomberg) -- A Russian pipe-laying ship that could help finish the Nord Stream 2 gas link to Europe has anchored at the Baltic Sea port of Kaliningrad after sailing for three months from the Pacific.

The Akademik Cherskiy, which has changed destinations several times on its way, recently signaled it was set to arrive in Kaliningrad on Sunday, tanker tracking data show. Late last year, Russian Energy Minister Alexander Novak mentioned that vessel as an option to complete the pipeline that will bring Russian gas to Germany via the Baltic Sea.

Why World Frets About Russia's Nord Stream 2 Pipeline: QuickTake

The pipeline, one of the key export projects for Russia's Gazprom PJSC, was just weeks away from completion when U.S. sanctions stopped work last year. There's a small section in Denmark's waters still to be completed.

Even as the U.S. imposed a ban on completion of construction, Gazprom Chief Executive Officer Alexey Miller said Russia has the means to build the remaining section on its own, without specifying how. It's not clear whether the Akademik Cherskiy is part of the solution. Novak said last year exports via the link would start by end-2020.

The line would feed as much as 55 billion cubic meters per year of natural gas from fields in Siberia directly into Germany, circumventing the current main transport corridor through Ukraine. U.S. President Donald Trump has said Europe should cut its reliance on Russian gas and instead buy liquefied fuel from America.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search