MOSCOW—The Russia-led Nord Stream 2 consortium said on Jan. 14 that work to lay its subsea gas pipeline to Germany would resume in Danish waters on Jan. 15, the TASS news agency reported, despite pressure from the United States for construction to stop.
Russia said on Jan. 13 it was confident of completing the project, although two sources said the U.S. State Department had this month told European companies suspected of helping to build the pipeline that they faced possible sanctions.
Nord Stream 2 has not responded to a request for comment.
A Danish maritime regulator said last month construction work would resume in Danish waters in mid-January, with a vessel called Fortuna laying the pipes.
Nord Stream 2, designed to double capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany, has become a point of contention between Moscow and Washington, with the United States seeking to cut Europe’s reliance on Russian energy.
The United States also plans to increase sales of shipments of its LNG to Europe.
The group behind the pipeline suspended work in December 2019 due to the threat of sanctions from Washington. It resumed construction last month in shallow German waters.
The consortium, led by Russian gas giant Gazprom, still has to lay more than 100 km of the pipeline, which will have annual capacity to pump 55 Bcm of gas. More than 90% of the project has been completed.
Gazprom’s western partners in the project, which is estimated to cost 9.5 billion euros, are Germany’s Uniper, BASF’s Wintershall Dea , Anglo-Dutch oil major Shell, Austria’s OMV and French energy company Engie.
D. Martin Phillips, a managing partner of EnCap Investments, resigned from the Devon Energy board of directors on March 5, effective immediately.
The company’s predecessor, private equity-backed Riley Permian, was formed with the goal of building a premier Permian Basin pure-play.
Chevron said it had reached the buyout agreement with Noble Midstream on March 5, roughly a month after announcing a slightly smaller offer to buy out the pipeline operator.