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Montevideo, November 22nd 2024 - 00:07 UTC

Stories for March 2nd 2022

  • Wednesday, March 2nd 2022 - 07:07 UTC

    Nord Stream 2 pipeline builder files for insolvency and leaves staff redundant

    The pipeline, which runs under the Baltic Sea, was built to transport natural gas directly from Russia into Europe, according to the Nord Stream 2 website

    The Swiss company that built the Nord Stream 2 pipeline, supposed to double the Russian gas supply to Germany, has filed for insolvency and left redundant all its staff, according to Swiss radio SRF. The US$ 11bn pipeline, which runs between Russia and Germany, was completed last September and waiting for final approval from German authorities, but was put on hold following the Russian invasion of Ukraine.

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