OMVJF - Russia resumes Nord Stream 2 pipeline work in German waters

Russia has resumed construction of the Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus caused by U.S. sanctions, the pipeline operator says.Gazprom's (OGZPY) western partners in the project, which is estimated to cost €9.5B ($11.5B), are Royal Dutch Shell ([[RDS.A]], [[RDS.B]]), BASF (BASFY), Uniper (UNPPY), OMV (OMVJF) and Engie (ENGIY)."The pipelay vessel Fortuna will lay a 2.6 km section of the pipeline in the German Exclusive Economic Zone in water depths of less than 30 meters (100 ft.)," Nord Stream 2 says.The Fortuna, which was used to lay pipe in the Russian section of the 55B cm/year pipeline, is a vessel that uses anchors, unlike Russia's Akademik Cherskiy pipelayer, which has dynamic positioning capabilities.However, the threat of U.S. sanctions against any company involved could still present an obstacle to pipelaying in Danish waters, S&P Global Platts reports.Meanwhile, German lawmakers are looking at creating a legal mechanism that

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Russia resumes Nord Stream 2 pipeline work in German waters