German utility Uniper on Tuesday warned it may have to impair a loan provided to the planned Nord Stream 2 gas pipeline if the project collapses in the face of U.S. sanctions.
“With the U.S. intensifying their efforts on targeted sanctions against the Nord Stream 2 project the probability of a delay or even non-completion of the pipeline is increasing,” the group said in its first-half report.The company is one of the financial backers of the 9.5 billion euro project led by Russia’s Gazprom, along with Austria’s OMV, Wintershall DEA [WINT.UL], Shell and France’s Engie.
The companies have committed to each fund up to 950 million euros of the project costs, with Gazprom paying for the rest. Uniper’s remarks come as U.S. opposition to the pipeline is mounting. U.S. President Donald Trump has already signed a sanctions bill that delayed construction of the project but lawmakers are contemplating further action.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Here’s What To Do If Congress Doesn’t Extend Student Loan ReliefCongress is at an impasse, and millions of student loan borrowers may pay the price.
Weiterlesen »
Zoe Kravitz Calls Out Hulu for Not Having Enough Shows Starring Women of ColorZoe Kravitz has called out streaming service Hulu for not having enough diversity in its programming slate.
Weiterlesen »
Uniper's first-half profit more than doubles on gas, capacity marketGerman utility Uniper on Tuesday said its adjusted operating profit more than doubled to 691 million euros ($811.93 million) in the first half, mainly driven by its gas business and capacity market payments in Britain.
Weiterlesen »
Here's how Trump's weekend executive actions will impact student loansA new executive action will extend some student loan relief, but approximately 9 million Americans who have private loans are excluded.
Weiterlesen »
LAPD officer hospitalized after being struck by possibly impaired driver in South L.A.An LAPD officer was hospitalized Monday night with non-life-threatening injuries after being struck by a possibly impaired motorist in South L.A., authorities said.
Weiterlesen »
Universal Music Group & Tencent Music Launch New Label in ChinaUMG has reached a licensing extension with Chinese streaming company Tencent Music and a new licensing deal with Chinese streaming platform NetEase Cloud Music.
Weiterlesen »