The US Congress has moved forward with legislation to impose sanctions on the Nord Stream 2 pipeline project in defiance of criticism from Washington’s allies in Europe, as the joint venture brings together Russia’s Gazprom, Germany’s Uniper and Wintershall, Austria’s OMV, France’s Engie, and Anglo-Dutch Royal Dutch Shell.
Possible US sanctions against companies involved in the construction of the Nord Stream 2 pipeline could potentially harm US oil and gas projects in the Gulf of Mexico, writes the German business newspaper Handelsblatt.
The completed project will double the capacity of the existing Nord Stream pipeline network, allowing a total of up to 110 billion cubic metres of Russian natural gas to be transported to Western Europe via pipelines at the bottom of the Baltic Sea.