Nord Stream 2 flounders as partners withdraw

The Nord Stream 2 pipeline was dealt another blow last week when Gazprom’s prospective European partners withdrew their application to form a joint venture
By Annemarie Botzki 16 August 2016
Pipe supply contracts for Nord Stream 2 have already been awarded to Europipe, OMK and ChelPipe. (Gazprom)

The Nord Stream 2 pipeline was dealt another blow on Friday when Gazprom’s prospective European project partners withdrew their applications to form a joint venture.

While some say Gazprom will continue to push the project forward while its European partners look at legal alternatives, others have suggested the withdrawal could prove fatal.

Partners Engie, OMV, Shell, Uniper and Wintershall decided to abandon their plans after the project failed to gain clearance from Poland’s competition regulator. The application to set up the JV was filed by the six...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up