France's Engie 'closely following' the situation after Nord Stream 2 halted
Reuters
Published Feb 23, 2022 16:35
Updated Feb 23, 2022 16:54
PARIS (Reuters) - French gas utility Engie, one of five co-financiers of Gazprom (MCX:GAZP)'s Nord Stream 2, said in a statement on Wednesday that it is "closely following the situation" after Germany decided to indefinitely suspend the pipeline.
Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine.
"We took note of the announcement by the German chancellor of the suspension of the administrative process to approve the start up of NS2," an Engie spokesperson said.
The group is "closely following" the situation and "potential consequences in the future”, he added.
Other investors are Shell (LON:RDSa), Wintershall Dea, Uniper and OMV.
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Written By: Reuters
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