Getty
The United States has warned companies helping Russia to complete the
Nord Stream 2 and the TurkStream 2 natural gas pipelines that they
should ‘get out now’ or face consequences, as the Trump Administration
steps up efforts to stop the construction of the controversial
Russia-led pipelines in Europe.
The U.S. Department of State is
updating its sanctions guidance under the Countering America's
Adversaries Through Sanctions Act, CAATSA, to include Nord Stream 2 and
the second line of TurkStream 2, U.S. Secretary of State Mike Pompeo
said at a press briefing on Wednesday.
“This action puts investments or other activities that are related to
these Russian energy export pipelines at risk of U.S. sanctions. It’s a
clear warning to companies aiding and abetting Russia’s malign
influence projects will not be tolerated. Get out now, or risk the
consequences,” Secretary Pompeo said.
The projects are the
“Kremlin’s key tools to exploit and expand European dependence on
Russian energy supplies, tools that undermine Ukraine by cutting off gas
transiting that critical democracy, a tool that ultimately undermines
transatlantic security,” he added, reiterating the U.S. view that the
Nord Stream 2 project is further undermining Europe’s energy security by
giving Russian gas giant Gazprom another pipeline to ship its natural
gas to European markets.
The U.S. has already imposed some sanctions
on the project, which saw Western vessel and technology providers pull
out of the project in December 2019. Following the announcement of the
sanctions, Switzerland-based offshore pipelay and subsea construction
company Allseas immediately suspended Nord Stream 2 pipelay activities.
Earlier this month, a Russian vessel
capable of completing the pipelaying for Nord Stream 2 left a German
port and entered Danish waters where the last section of the
controversial pipeline has yet to be completed. This occurred several
days after the Danish Energy Agency allowed Nord
Stream 2 AG to use pipelaying vessels with anchors for the construction
of the Nord Stream 2 pipelines. With an anchored Russian vessel,
Gazprom could complete the construction of the pipeline in Danish
waters.
By Tsvetana Paraskova for Oilprice.com
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