Norway's DNV GL suspends Nord Stream 2 work over U.S. sanctions fear

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If you adored this post and you would certainly such as to get additional information concerning תרגילים לירכיים פנימיות kindly browse through the web-page. MOSCOW, Nov 26 (Reuters) – Norway’s risk management and quality assurance firm DNV GL has suspended work on the Nord Stream 2 gas pipeline project led by Russia’s Gazprom for fear of being sanctioned by the United States, it said on Thursday.

« Under these new guidelines, we find DNV GL’s verification activities linked to vessels with equipment serving the Nord Stream 2 project to be sanctionable. DNV GL has therefore ceased delivery of services that may fall under the scope of PEESA, » DNV GL said in emailed comments.

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GENEVA, Nov 30 (Reuters) – The head of the World Health Organization said on Monday that Mexico is in « bad shape » regarding the coronavirus as infections and deaths surge, while the Mexican government forecast the pandemic would likely continue worsening until January.

MOSCOW, Nov 26 (Reuters) – Norway’s risk management and quality assurance firm DNV GL has suspended work on the Nord Stream 2 gas pipeline project led by Russia’s Gazprom for fear of being sanctioned by the United States, it said on Thursday.

While the $11 billion project is led by Russia’s Gazprom, half of the funding comes from five European partners: Germany’s Uniper and BASF’s Wintershall unit, Anglo-Dutch oil company Shell, Austria’s OMV and France’s Engie.

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It was not immediately clear what impact DNV GL’s move would have on the project. Construction of the 1,230 km pipeline is nearly finished but a final stretch of about 120 km still needs to be laid in Danish waters.

While the $11 billion project is led by Russia’s Gazprom, half of the funding comes from five European partners: Germany’s Uniper and BASF’s Wintershall unit, Anglo-Dutch oil company Shell, Austria’s OMV and France’s Engie.

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It was not immediately clear what impact DNV GL’s move would have on the project. Construction of the 1,230 km pipeline is nearly finished but a final stretch of about 120 km still needs to be laid in Danish waters.

The South Asian nation will restrict bidders from any country it shares a land border with, under amended investment rules that cite concerns over national security, according to the report. The decision is awaiting approval from the Indian Prime Minister’s office and is set to be announced within one to two weeks.

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« Under these new guidelines, we find DNV GL’s verification activities linked to vessels with equipment serving the Nord Stream 2 project to be sanctionable. DNV GL has therefore ceased delivery of services that may fall under the scope of PEESA, » DNV GL said in emailed comments.

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Chinese telecoms Huawei and ZTE are expected to be locked out of India’s 5G rollout plans amid spiralling relations between the neighbouring countries, according to a Bloomberg report published Thursday.  

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