The Nord Stream and the problems associated with its construction

In Germany began to prepare a construction site for the access to the shore of the Nord Stream-2 gas pipeline. This fact was commented by radio Sputnik expert in the field of energy security Alexei Grivach.
In the German Lubmin began to prepare a construction site for access to the shore of the Nord Stream-2 gas pipeline, RIA Novosti reported the representative of the company – operator Nord Stream 2 AG.
This process includes clearing the site, completing the construction of administrative buildings, as well as preparing for installation work in the landfall zone. According to the representative of the company, all construction work is carried out in accordance with the permits.
The Nord Stream-2 project involves the construction of two lines with a total capacity of 55 billion cubic meters of gas per year. Pipes lay from the coast of Russia through the Baltic Sea to Germany next to the current “Nord Stream”.
Berlin issued a permit to build a “Nord Stream-2” at the end of March. Finland also agreed to lay the gas pipeline. Nord Stream 2 AG in the coming months also awaits permission from Russia, Sweden and Denmark.
Deputy Director General of the National Energy Security Fund Alexei Grivach on Sputnik radio said: the EU has an understanding that Europe needs this project no less than Russia.
The only shareholder of Nord Stream 2 AG is Gazprom. Half of the investment in the project is invested by European partners – Shell, OMV, Engie, Uniper and Wintershall, for 950 million euros each. Gazprom will provide another 50% of the funds – 4.75 billion euros.
At the same time, the project participants plan to cover 70% of the investment by attracting project financing. The total cost of the project is estimated at 9.5 billion euros.

At the same time, the US threatened to sanction the construction of “Nord Stream-2” companies

Under the law on countering the enemies of America, a lot of pipelines around the world get caught, the State Department indicated. In particular, it can affect European companies involved in the construction of the Nord Stream-2

European companies working together with Russia on the construction of the Nord Stream-2 gas pipeline (Nord Stream 2) may be under US sanctions. This statement was made by Deputy Assistant Secretary of State for Energy Diplomacy Sandra Udkirk, reports Bloomberg.

Speaking to reporters in Berlin, Udkirk indicated that restrictions can be imposed in accordance with the US law “On Countering America’s Enemies through Sanctions” (CAATSA), adopted in August 2017. He provides that under the sanctions can get any of Russia’s projects in the energy sector.

She recalled that Washington opposes the construction of Nord Stream 2 for reasons of national security. According to her, Russia can place tracking devices along the whole route of the pipeline. Udkirk refused to answer the question of which tracking devices can be discussed. Along the way, she called the “false” allegations that Washington objects to the construction of the pipeline, as it views Europe as a potential market for its liquefied gas.