Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

France's Engie 'closely following' the situation after Nord Stream 2 halted

Published 23/02/2022, 16:35
© Reuters. FILE PHOTO: The logo of French gas and power group Engie is seen in Nantes, France, September 28, 2020. REUTERS/Stephane Mahe

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.