European Companies Stick to Nord Stream 2 Even Amid U.S. Furor
- OMV says leaving the pipeline project isn’t up for discussion
- CEO Seele expects the German-Russian gas link to be finished
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European Union energy giants financing Nord Stream 2 are sticking with the natural gas pipeline that links Russia to the continent’s industrial heartland -- even under the threat of U.S. sanction.
Rainer Seele, the chief executive officer of Austria’s OMV AG, one of the principle financiers behind the project, said the EU needs to pursue its own energy interests. There’s no foreseeable risk that could stop the project, according to the CEO of central Europe’s biggest energy major.