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Russia’s Gazprom: U.S. sanctions may delay Nord Stream 2, Turkish Stream

13 July 2017
Import-Export
energynomics

Potential new U.S. sanctions against Moscow may delay some of Gazprom’s projects, including Nord Stream 2 and Turkish Stream gas pipelines, the Russian gas monopoly said, according to Reuters.

“The risk of the United States imposing sanctions… may result in delays, or otherwise impair or prevent the completion of the projects by the group,” Gazprom said in a prospectus for an upcoming Eurobond issue.

“The group’s export pipeline projects (including Nord Stream 2 and Turkish Stream) and deepwater, Arctic offshore or shale projects that have the potential to produce oil in the Russian Federation or elsewhere in the world may face difficulties”, it added.

US sanctions imposed against Russia over its annexation of Crimea are to remain, President Donald Trump said last week, quoted by the BBC.

Mr Trump tweeted that it would be premature to consider any relaxation “until the Ukrainian and Syrian problems are solved”.

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