Economics
Germany Expects Gas Pipeline Delay Before Completion in 2020
- Top official expects project to be completed in second half
- Costs to rise after AllSeas halts work on Nord Stream 2
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The Nord Stream 2 gas pipeline will be delayed and more costly due to U.S. sanctions but should be completed in the second half of next year, a senior German official said.
Switzerland’s AllSeas Group SA removed vessels that were laying the last section of the pipeline connecting Russia with Germany, which was just weeks away from completion, after U.S. President Donald Trump approved sanctions targeting the project.