Russia plays down US sanctions impact on Nord Stream-2 gas pipeline
ST PETERSBURG, Russia (Reuters) — The US financial sanctions will not delay the construction of Russia’s Nord Stream-2 undersea gas pipeline to Germany, the project’s technical director told reporters on Friday.
|Nord Stream 2
Sergei Serdyukov also said that Russia has an alternative route for the pipeline under the Baltic Sea bed if Denmark blocks the construction in its territorial waters.
The US sanctions over Moscow’s alleged interference with the 2016 presidential elections as well over its role in the Ukraine’s crisis limits western fundraising for the Russian companies.
Reporting by Oksana Kobzeva; writing by Vladimir Soldatkin; editing by Katya Golubkova
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.
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