Nord Stream 2 pipeline halted
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Germany has ordered an immediate halt to the Nord Stream 2 gas pipeline in response to the incursion of Russian tanks into eastern Ukraine.
German Chancellor Olaf Scholz has announced that the approval process for the Nord Stream 2 pipeline has been halted, in response to Russia's incursion into Ukraine.
Describing Russia’s actions as a “grave breach of international law”, Mr Scholz said his government had blocked the approval process and the pipeline would not be allowed to go into operation.
Today's decision ends weeks of ambiguity over whether Mr Scholz was prepared to block the €9.5 billion (£8 billion) pipeline in the event of Russian aggression. The USA has repeatedly warned that the pipeline would be stopped if Russia invades, a position publicly backed by the German foreign minister, Annalena Baerbock.
Completed last year, Nord Stream 2 was not yet operational but was awaiting approval from German regulators. That approval process has now been suspended indefinitely, and is unlikely to start again while Russian forces remain in Ukraine.
Read the article online at: https://www.worldpipelines.com/business-news/22022022/nord-stream-2-pipeline-halted/
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