Score One for Nord Stream 2 in Swiss Court
Investment solicitation permitted for Nord Stream 2 management operator
Got the Scoop? Facebook Twitter WhatsApp Email Print Copy Link Good news for the beleaguered Nord Stream 2 AG, the operator company of the Russian pipeline: They're not going under just yet! The Zurich court has given the green light to search for new investors, though the decision is still subject to appeal.
The weighed-down operators of the Russian pipeline Nord Stream 2 AG are staving off bankruptcy, thanks to a recent court ruling in the Swiss canton of Zug. The court announced approval of an inheritance contract, but cautioned that the decision can still be challenged, so no additional details were disclosed.**
Politics Russia Pulling all the Strings over Ukraine and Nord Stream? Nord Stream 2 was meant to bring Russian gas to Germany through two 1200-kilometer-long pipelines in the Baltic Sea. However, upon Russia's attack on Ukraine in February 2022, the German government scrapped the project. In September 2022, one of the two lines of Nord Stream 2, along with both lines of Nord Stream 1, sustained damage in a suspected attack.**
Lately, there have whispers in the press about potential American involvement. For instance, wealthy US businessman and Trump supporter, Stephen P. Lynch, has been mentioned. It's rumored that the operation could be part of an American-Russian deal to settle the Ukraine conflict. Russian Foreign Minister Sergei Lavrov confirmed on state television: "Nord Stream is part of talks."**
Source: ntv.de, lar/dpa
- Nord Stream
- Energy Supply
- Russia
- Switzerland
- Natural Gas
- Justice
Insider Info:
- The White House has been weighing the lifting of sanctions on Russian energy assets, possibly including Nord Stream 2, which might lower global gas prices and impact LNG exports from the U.S.[1]
- U.S. investor Stephen Lynch has showed an interest in U.S. involvement in the possible relaunch of Nord Stream 2 once the Ukraine conflict is resolved.[2]
- Improving U.S.-Russia relations and resolving the Ukraine conflict are crucial for the restarting of Nord Stream 2. However, numerous political and economic obstacles remain, including ongoing tensions and sanctions.[4]
Overall, while there are discussions about the prospect of U.S.-Russia economic collaborations, including energy projects like Nord Stream 2, these remain speculative and dependent on political progress.
- The Zurich court's approval for Nord Stream 2 AG to search for new investors offers a glimmer of hope, despite the decision being subject to appeal.
- In the midst of speculation, rumors Circle Stephen P. Lynch, a wealthy US businessman, as a potential investor in the Nord Stream 2 project, possibly as part of an American-Russian deal to resolve the Ukraine conflict.
- The energy policy sector, specifically the Nord Stream 2 pipeline, has been a topic of interest in politics, with Russian Foreign Minister Sergei Lavrov confirming Nord Stream's role in negotiations.
- The community policy implications of the Nord Stream 2 situation extend beyond Europe, impacting finance, industry, and general news, as the pipeline's future is closely tied to improving U.S.-Russia relations and resolving the Ukraine conflict.
- Employment policy considerations are also at play, as the search for new investors suggests potential job opportunities in the energy sector, particularly for those involved in the development and operation of the Nord Stream 2 pipeline.
