Russia apos;s Nord Stream 2 To Resume Pipe-laying Work This Year

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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.

Nord Stream 2 will name the pipe-laying vessel it plans to use at a later date, it said in a statement Saturday.
It did not say when the work would be finished or how the other remaining sections of the pipeline would be laid.

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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.

"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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The 1,230 km pipeline under the Baltic Sea, which Moscow hopes will boost the amount of gas it can pump to Europe bypassing Ukraine, is nearly finished but a final stretch of about 120 km still needs to be laid.

The court´s decision to demand a swift response from the defendant countries is "highly significant," said Global Legal Action Network director Gearóid Ó Cuinn, because "only a tiny minority of cases" merit such treatment.

Nord Stream 2 is led by Russian gas giant Gazprom, with half of the funding provided by Germany's Uniper, BASF's Wintershall, Anglo-Dutch oil major Shell , Austria's OMV and Engie. (Reporting by Vladimir Soldatkin; Writing by Tom Balmforth; Editing by Christina Fincher)

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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