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Russian Ship’s Move Shows Option to Finish Sanctioned Pipeline

  • OMV CEO says Gazprom is likely to finish Nord Stream 2 link
  • OMV is a financial backer of the pipeline sanctioned by U.S.

A Russian pipe-laying vessel is on the move in the Far East, feeding speculation that Gazprom PJSC will work out a way to circumvent U.S. sanctions and complete a controversial natural gas link.

The ship, Akademik Cherskiy, on Sunday left the port where it had been stationed in Nakhodka on Russia’s Pacific coast. At the end of last year, Energy Minister Alexander Novak mentioned that vessel as an option to complete the Nord Stream 2 pipeline in Denmark’s waters.