Germany’s Uniper warns of possible Nord Stream 2 loan write-off

FINANCIAL TIMES đź”’| The German energy company Uniper said it may have to write off a loan it provided to the controversial Nord Stream 2 gas pipeline, citing a growing risk the project could be delayed or even collapse under the pressure of US sanctions.

In July, the Trump administration ramped up efforts to derail the Baltic Sea pipeline project, which is being built by Kremlin-controlled Gazprom. It threatened not only sanctions against companies involved in building the pipeline, but those facilitating it.

Half the funding for the pipeline has been provided by five European energy groups: Shell, Uniper, OMV, Wintershall and Engie.

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