December 23, 2019

Germany Expects Gas Pipeline Delay Before Completion in 2020
(Bloomberg) -- The Nord Stream 2 gas pipeline will be delayed and more costly due to U.S. sanctions but should be completed in the second half of next year, a senior German official said.Switzerland’s AllSeas Group SA removed vessels that were laying the last section of the pipeline connecting Russia with Germany, which was just weeks away from completion, after U.S. President Donald Trump approved sanctions targeting the project.Despite delays and higher costs, the pipeline should be completed in the second half of 2020, Peter Beyer, the German government’s coordinator for trans-Atlantic issues, said Monday in an interview with Deutschlandfunk radio. Less than 160 kilometers of the total 2,460 kilometers remain to be laid, according to Nord Stream 2 AG, the project operator.Trump’s decision was not a surprise but the sanctions are “completely incomprehensible” given the agreement between Russia and Ukraine on gas transit and “not a way to treat friends,” Beyer said.Germany “would have expected a great deal more understanding from the American friends,” added the lawmaker, a member of Chancellor Angela Merkel’s Christian Democratic Union party.Nord Stream 2 is set to ship as much as 55 billion cubic meters of Russian gas annually directly to Germany, doubling the capacity of the existing link. As many as 350 European companies are helping to build the pipeline, the German DIHK industry group estimates.Trump has criticized Germany for not doing more to diversify imports away from Russia, while Merkel’s government argues that the $11 billion link is crucial to ensure energy security.The firms involved will continue to work to complete the pipeline as soon as possible “in the interest of energy security, affordable gas prices for European consumers and EU economic competitiveness as well as climate protection commitments,” according to Monday’s Nord Stream 2 AG statement.Kremlin spokesman Dmitry Peskov said Monday Russia will retaliate against the U.S. sanctions, which he called “unacceptable.” Russia doesn’t expect them to impede the completion of construction, but it’s too early to say when the pipeline will be ready, Peskov told reporters.‘Incredible Provocation’The consortium may resort to using Russian-owned ships to complete the Baltic Sea project, German lawmaker Timon Gremmels said at the weekend.“There’s likely to be a Plan B but it’s hardly ideal to change your horse just before the finishing line,” said Gremmels, who is a spokesman on energy policy for Merkel’s junior coalition partner, the Social Democrats. “The sanctions are an incredible provocation but won’t halt the project.”The pipeline’s completion would bring fresh supplies of gas to Europe’s already glutted market and make it more difficult for the U.S. to gain a bigger foothold in shipping cargoes of liquefied natural gas by tanker into Europe.Beyer said the U.S. is trying to push its LNG on the continent and that the more expensive gas could push up prices for German consumers.(Updates with Nord Stream comment in third and eighth paragraphs)\--With assistance from Brian Parkin, Ilya Arkhipov and Olga Tanas.To contact the reporter on this story: Iain Rogers in Berlin at irogers11@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net, Raymond ColittFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
'Pose' Star MJ Rodriguez on the Life-Changing Legacy of the FX Show
May 04, 2021
WB_g_LFmDXI
Comcast Exceeds Expectations in Q1, Assisted by Surge in Peacock Subscriptions
April 29, 2021
HrKJC5dcq8Y
Justin Theroux Describes Filming 'The Mosquito Coast' and Meeting Harrison Ford
April 26, 2021
yQlI8Tl6-bc
Nev Schulman Says It's His Fault Ben Affleck Got 'Unmatched' on Dating App | TMZ
May 04, 2021
Sa7tBCS4tCM
Colton Underwood Shares A Sexy Thirst Trap | TMZ TV
May 04, 2021
vHREwiUOtnQ
Disneyland Guests Cry as Park Reopens After Yearlong Closure | TMZ TV
May 04, 2021
plcwTageamQ
Lori Loughlin, Mossimo Giannulli secretly stayed at luxe resort after jail | Page Six Celebrity News
May 04, 2021
UFiq3xZ1VIg
TikTok user claims Ben Affleck sent her video after matching on Raya | Page Six Celebrity News
May 04, 2021
wdvFhtEn-08
We tried Fenty Beauty Eaze Drop Blurring Skin Tint, and here’s our review | Page Six Celebrity News
May 04, 2021
J-PfF_77URI
Tayshia Adams & Her Mom Open Up About Their Unbreakable Bond | E! News
May 05, 2021
kqLWfXT0EDw
Wasn't Me, Sugar Daddy Drama & Shirts Can't Convince Mouths - "Nightly Pop" 05/04/2021 | E! News
May 04, 2021
fI7YB6zdoZU
Diddy Feels the Love, Ben on Raya & Lala's Toothbrush Revenge - "Nightly Pop" 05/04/2021 | E! News
May 04, 2021
C_wF2GOtlVc
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
19
Nov
ASIAN CHAMPIONS LEAGUE: Group H
Sydney FC - Shanghai SIPG
17
Nov
UEFA NATIONS LEAGUE A: Group Stage
Spain - Germany
14
Nov
UEFA NATIONS LEAGUE A: Group Stage
Germany - Ukraine
08
Nov
ENGLAND: Premier League
Manchester City - Liverpool
08
Nov
ENGLAND: Premier League
Arsenal - Aston Villa
08
Nov
SPAIN: La Liga
Valencia - Real Madrid
08
Nov
ITALY: Serie A
AC Milan - Verona
08
Nov
ENGLAND: Premier League
West Bromwich Albion - Tottenham Hotspur
08
Nov
ITALY: Serie A
Bologna - Napoli
08
Nov
ITALY: Serie A
Genoa - Roma
08
Nov
ITALY: Serie A
Atalanta - Inter Milan
08
Nov
ITALY: Serie A
Lazio - Juventus
08
Nov
GERMANY: Bundesliga
Bayer Leverkusen - Borussia Monchengladbach
08
Nov
ENGLAND: Premier League
Leicester City - Wolves
08
Nov
GERMANY: Bundesliga
Wolfsburg - Hoffenheim
08
Nov
SPAIN: La Liga
Real Valladolid - Athletic Bilbao
08
Nov
SPAIN: La Liga
Levante - Alaves
08
Nov
SPAIN: La Liga
Real Sociedad - Granada CF
08
Nov
ITALY: Serie A
Torino - Crotone
08
Nov
SPAIN: La Liga
Getafe - Villarreal
07
Nov
GERMANY: Bundesliga
Borussia Dortmund - Bayern Munich
07
Nov
ENGLAND: Premier League
Everton - Manchester United
07
Nov
ENGLAND: Premier League
Chelsea - Sheffield United
07
Nov
SPAIN: La Liga
Atletico Madrid - Cadiz
07
Nov
SPAIN: La Liga
Barcelona - Real Betis
07
Nov
GERMANY: Bundesliga
Augsburg - Hertha Berlin
07
Nov
GERMANY: Bundesliga
Stuttgart - Eintracht Frankfurt
07
Nov
GERMANY: Bundesliga
RB Leipzig - SC Freiburg
07
Nov
ENGLAND: Championship
Rotherham - Preston NE
07
Nov
ITALY: Serie A
Parma - Fiorentina
07
Nov
ENGLAND: Championship
Watford - Coventry
07
Nov
ENGLAND: Championship
Norwich City - Swansea City
07
Nov
ENGLAND: Championship
Blackburn - QPR
07
Nov
ENGLAND: Championship
Derby County - Barnsley
07
Nov
ENGLAND: Championship
Huddersfield - Luton
07
Nov
ENGLAND: Championship
Nottingham Forest - Wycombe Wanderers
07
Nov
ENGLAND: Premier League
West Ham United - Fulham
07
Nov
ENGLAND: Championship
Sheffield Wednesday - Millwall
07
Nov
ENGLAND: Championship
Brentford - Middlesbrough
07
Nov
ENGLAND: Championship
Birmingham - Bournemouth
07
Nov
SPAIN: La Liga
Sevilla - Osasuna
07
Nov
ITALY: Serie A
Benevento - Spezia
07
Nov
ENGLAND: Premier League
Crystal Palace - Leeds
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Ferencvaros - Juventus
04
Nov
CHAMPIONS LEAGUE: Group stage, Group G
Barcelona - Dynamo K.
03
Nov
CHAMPIONS LEAGUE: Group stage, Group A
Salzburg - Bayern Munich
03
Nov
CHAMPIONS LEAGUE: Group stage, Group D
Atalanta - Liverpool
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.