The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
A Russian pipe-laying ship that could help finish the Nord Stream 2 gas link to Europe has anchored at the Baltic Sea port of Kaliningrad after sailing for three months from the Pacific.
The Akademik Cherskiy, which has changed destinations several times on its way, recently signaled it was set to arrive in Kaliningrad, tanker tracking data show. Late last year, Russian Energy Minister Alexander Novak mentioned that vessel as an option to complete the pipeline that will bring Russian gas to Germany via the Baltic Sea.
The pipeline, one of the key export projects for Russia’s Gazprom PJSC, was just weeks away from completion when US sanctions stopped work last year. There’s a small section in Denmark’s waters still to be completed.
Even as the US imposed a ban on completion of construction, Gazprom Chief Executive Officer Alexey Miller said Russia has the means to
build the remaining section on its own, without specifying how.
It’s not clear whether the Akademik Cherskiy is part of the solution. Novak said last year exports via the link would start by end-2020.