OMVJF - Nord Stream 2 construction work to be finished next month CEO says

Axel Schmidt/Getty Images News Construction of the Nord Stream 2 gas pipeline from Russia to Germany should be completed by the end of August and the link operational this year, with 98% of the pipeline now finished, CEO Matthias Warnig says.One 27.5B cm/year string has been completed with the remaining 2% of work to be carried out on the second 27.5B cm/year string, with another 2-3 months needed for pressure tests and certification, Warnig tells Handelsblatt."The U.S. sanction threats have made our work much more difficult in every respect, and this also applies to certification," but in the end, "we will have a pipeline that meets all certification requirements and international industry standards," Warnig says.The Gazprom-led (OGZPY) project includes Western partners Royal Dutch Shell ([[RDS.A]], [[RDS.B]]), BASF's (BASFY) Wintershall, Uniper (UNPPY), OMV (OMVJF) and Engie (ENGIY).The Biden administration decided not to impose sanctions against the Switzerland-based Nord Stream 2 company and its

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Nord Stream 2 construction work to be finished next month, CEO says