{"id":32981,"date":"2021-01-03T01:16:44","date_gmt":"2021-01-02T23:16:44","guid":{"rendered":"http:\/\/norkhosq.net\/?p=32981"},"modified":"2021-01-03T01:18:55","modified_gmt":"2021-01-02T23:18:55","slug":"dnv-gl-suspends-nord-stream-2-work-dreading-u-s-sanctions","status":"publish","type":"post","link":"https:\/\/norkhosq.net\/?p=32981","title":{"rendered":"DNV GL suspends Nord Stream 2 work dreading U.S. sanctions"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.offshore-energy.biz\/topic\/business-finance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Business &amp; Finance<\/a><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">November 27, 2020, <strong>by Bojan Lepic<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><strong>Classification society DNV GL has suspended work on Gazprom\u2019s Nord Stream 2 gas pipeline project over fears of sanctions by the United States.<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">The United States want to stop the project as it fears the pipeline would strengthen Russia\u2019s economic and political influence over Europe. The United States also has aspirations to increase its gas exports to the continent.<\/p>\n\n\n<p><!--more--><\/p>\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">The U.S. issued new guidelines for Protecting Europe\u2019s Energy Security Act (PEESA), which targets the Nord Stream 2 project.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">DNV GL decided to cease delivery of services to vessels with equipment serving the Nord Stream 2 project as its verification activities could be sanctionable under the PEESA.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">DNV GL is currently reviewing documentation and observing construction activities to ensure compliance with these standards. This included monitoring the testing and preparation of equipment used by vessels to install the pipeline.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">It is worth noting that the construction of the 1,230-kilometre pipeline is nearly finished but a final stretch of about 120 kilometres still needs to be laid in Danish waters.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">Work was <a href=\"https:\/\/www.offshore-energy.biz\/allseas-stops-nord-strea-2-works-citing-u-s-sanctions\/\" target=\"_blank\" rel=\"noreferrer noopener\">halted in December<\/a> when pipe-laying company Allseas suspended operations after U.S. sanctions targeted companies providing vessels to lay the pipes.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">In a statement <a href=\"https:\/\/www.reuters.com\/article\/nordstream-norway-idUSL1N2IC14F\" target=\"_blank\" rel=\"noreferrer noopener\">given to Reuters<\/a>, Nord Stream 2 stated: \u201cIt is up to governments and the European Commission to protect European companies from illegal extraterritorial sanctions\u201d.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">The $11 billion project is led by Russia\u2019s Gazprom but half of the funding comes from five European partners \u2013 Uniper, Wintershall Dea, Shell, OMV, and Engie.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">The project is designed as two parallel 48-inch lines, roughly 1,200 kilometres long, each starting southwest of St. Petersburg and ending at German coast, Greifswald. It is designed to boost the amount of Russian gas that can be shipped to Europe without having to go through Ukraine.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\">The gas pipelines will have the capacity to transport 55 billion cubic meters (bcm) of Russian gas a year to the EU, for at least 50 years.<\/p>\n\n\n\n<p class=\"has-text-align-left wp-block-paragraph\"><a rel=\"noreferrer noopener\" href=\"https:\/\/www.offshore-energy.biz\/dnv-gl-suspends-nord-stream-2-work-dreading-u-s-sanctions\/#:~:text=Classification%20society%20DNV%20GL%20has,and%20political%20influence%20over%20Europe\" data-type=\"URL\" data-id=\"https:\/\/www.offshore-energy.biz\/dnv-gl-suspends-nord-stream-2-work-dreading-u-s-sanctions\/#:~:text=Classification%20society%20DNV%20GL%20has,and%20political%20influence%20over%20Europe\" target=\"_blank\">www.offshore-energy.biz\/dnv-gl-suspends-nord-stream-2-work<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business &amp; Finance November 27, 2020, by Bojan Lepic Classification society DNV GL has suspended work on Gazprom\u2019s Nord Stream 2 gas pipeline project over fears of sanctions by the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32983,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-32981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/norkhosq.net\/index.php?rest_route=\/wp\/v2\/posts\/32981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/norkhosq.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/norkhosq.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/norkhosq.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/norkhosq.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32981"}],"version-history":[{"count":3,"href":"https:\/\/norkhosq.net\/index.php?rest_route=\/wp\/v2\/posts\/32981\/revisions"}],"predecessor-version":[{"id":32986,"href":"https:\/\/norkhosq.net\/index.php?rest_route=\/wp\/v2\/posts\/32981\/revisions\/32986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/norkhosq.net\/index.php?rest_route=\/wp\/v2\/media\/32983"}],"wp:attachment":[{"href":"https:\/\/norkhosq.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/norkhosq.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/norkhosq.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}