Natural Gas Daily Europe Companies & Finance
Nord Stream 2 flounders as partners withdraw16 August 2016
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 consortium members last December.
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