Via RT Business

Maritime construction firm Allseas has no plans to resume work on the Nord Stream 2 gas pipeline. The Swiss-Dutch company bailed on the Russian energy project in fear of facing possible US sanctions.

The company suspended work on the underwater pipeline on December 21, shortly after US President Donald Trump signed the National Defense Authorization Act for the 2020 fiscal year. The law envisions sanctions against companies involved in the construction of two major Russian gas pipelines, Nord Stream 2 and TurkStream. Firms are given 30 days to quit the projects or face US penalties.

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Despite having time before the January 20 deadline, Allseas ordered an immediate stop to the work on Nord Stream 2, the firm said on Monday. Allseas’ Pioneering Spirit pipelayer was anchored in the Norwegian waters around noon on Monday, while another vessel Solitaire was still in the Baltic Sea, but far from the construction area, according to ship tracking website Marine Traffic.

“Allseas constructor fleet has left the Baltic Sea and has been mobilized for preparations for other work,” the company said as cited by Russian media.

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Putin & Merkel agree to keep supporting Nord Stream 2 project amid sanctions pressure from Washington

Moscow has pledged to finish the construction of the pipeline, which is 93 percent complete. Russian Energy Minister Alexander Novak said that the country has the necessary capacities. One of the options is using Gazprom’s Akademik Cherskiy pipelaying vessel, currently stationed in the Far East. It has all the technical characteristics to finish the pipeline, but replacing the vessels will take time and the launch of the project is set to be delayed until the end of 2020.

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