Nord Stream 2
PJSC Gazprom is the largest supplier of natural gas in the world accounting for approximately 15 percent of world gas. Nord Stream 2 AG is a project company established for planning construction and subsequent operation of the Nord Stream 2 Pipeline.
The company is based in Zug Switzerland and owned by Gazprom international projects LLC a PJSC Gazprom subsidiary.
. Progress of the 11 billion project stalled at the end of 2019 when then US. Gazprom started construction of the 1200-km long Nord Stream 2 pipeline from Russia to Germany five years ago. Senate on Thursday failed to pass a bill to slap sanctions on Russias Nord Stream 2 natural gas pipeline sponsored by Republican Senator.
The German energy regulator said it would not continue its approval process until the Nord Stream 2 company which is registered in Switzerland transfers its main assets and. Nord Stream 2s critics say it isnt so much about creating additional capacity as it is about supplanting the main existing path for Russian gas to Europe which runs through Ukraine. Russia has completed construction of the Nord Stream 2 pipeline to Germany which will allow Moscow to circumvent Ukraine as a route for gas exports to Europe.
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