pipeline insurers News

Future of Russia’s Nord Stream 2 Pipeline Looks Increasingly Uncertain

The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new sanctions, and companies walked away from the controversial Russian gas link. The new sanctions come just days before work on …

Zurich Insurance to Stop Insuring Russia’s Nord Stream 2 Project: Sources

Zurich Insurance Group will drop out of Russia’s Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said. The U.S. …

Zurich Insurance Emphasizes Compliance Standards as U.S. Eyes Nord Stream Sanctions

Zurich Insurance Group emphasized its compliance standards on Wednesday while declining to comment specifically on the Russia-led Nord Stream 2 gas pipeline project. The U.S. State Department has warned European companies involved in Nord Stream 2 that they risk sanctions …

Russia Expedites Work on Nord Stream 2 Gas Pipeline Before U.S. Tightens Sanctions

Russia is stepping up work on the Nord Stream 2 pipeline before the U.S. tightens sanctions against the controversial project designed to feed more natural gas into Germany. Construction of the 1,230-kilometer (764-mile) pipeline reached a milestone on Monday with …

U.S. Sanctions to Target Insurers In Fight Against Russia-to-Germany Nord Stream 2

The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that’s been halted almost a year. House and Senate negotiators …