August 22, 2019, 5:35


Swiss Court Cancels Arrest of Gazprom-Owned Nord Stream Shares – Gas Giant

Swiss Court Cancels Arrest of Gazprom-Owned Nord Stream Shares – Gas Giant

MOSCOW (Sputnik) – A Swiss court ruled on Wednesday to cancel its previous ruling to arrest Russian energy giant Gazprom’s shares in Nord Stream and Nord Stream 2 operators, Gazprom said in a statement.

“On January 16, a court of the canton of Zug (Switzerland) decided to completely cancel its decision of May 29, 2018, on imposing interim measures in Switzerland against shares of Gazprom in Nord Stream AG and Nord Stream 2 AG and Gazprom’s rights of claim against these companies,” Gazprom said on Thursday.

The arrest on the shares was imposed as part of Ukrainian gas company Naftogaz’s litigation against Gazprom.

READ MORE: Russian and US Envoys Clash Over Nord Stream 2 in Dutch Media

Nord Stream 2 is a joint venture of Russia’s Gazprom and five European companies: French Engie, Austrian OMV AG, UK-Dutch Royal Dutch Shell, German Uniper, and Wintershall.

READ MORE: US Envoy Defends His Threats to Nord Stream 2 Firms Amid German Backlash

The project is due to be wrapped up before the end of 2019 and envisages the construction of two gas pipelines that will run from Russia, through the Baltic Sea and to a hub in Germany, bypassing Ukraine entirely.

The United States has consistently spoken out against the project, claiming that it will increase Europe’s dependence on Russian gas. President Putin, in turn, said that his American counterpart Donald Trump was pursuing the interests of US companies to sell more expensive LNG to Europe.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Weather

Moscow

Today08/21/2019
19℃

Thu
08/22/2019
light rain

  • light rain
  • HI/LO: 22/13
  • Clouds: 37%
  • Wind: 6.68 m/s
  • Wind Direction: NW
  • Pressure: 1020hPa
  • Humidity: 80%

Fri
08/23/2019
scattered clouds

  • scattered clouds
  • HI/LO: 22/11
  • Clouds: 39%
  • Wind: 2.35 m/s
  • Wind Direction: WNW
  • Pressure: 1027hPa
  • Humidity: 51%

Sat
08/24/2019
sky is clear

  • sky is clear
  • HI/LO: 22/11
  • Clouds: 5%
  • Wind: 3.52 m/s
  • Wind Direction: WSW
  • Pressure: 1026hPa
  • Humidity: 52%

Sun
08/25/2019
overcast clouds

  • overcast clouds
  • HI/LO: 20/12
  • Clouds: 100%
  • Wind: 3.41 m/s
  • Wind Direction: NW
  • Pressure: 1022hPa
  • Humidity: 63%

Mon
08/26/2019
few clouds

  • few clouds
  • HI/LO: 19/9
  • Clouds: 17%
  • Wind: 2.11 m/s
  • Wind Direction: NE
  • Pressure: 1030hPa
  • Humidity: 50%

Tue
08/27/2019
sky is clear

  • sky is clear
  • HI/LO: 21/10
  • Clouds: 0%
  • Wind: 4.17 m/s
  • Wind Direction: WSW
  • Pressure: 1026hPa
  • Humidity: 53%

NEWS

    Сторонняя реклама



    Статьи
    Статьи В
    Создание Сайта Кемерово, Создание Дизайна, продвижение Кемерово, Умный дом Кемерово, Спутниковые телефоны Кемерово - Партнёры
    Яндекс.Метрика