UK markets close in 3 hours 35 minutes
  • FTSE 100

    5,787.75
    -4.26 (-0.07%)
     
  • FTSE 250

    17,753.60
    -99.70 (-0.56%)
     
  • AIM

    975.71
    -0.67 (-0.07%)
     
  • GBP/EUR

    1.1011
    -0.0009 (-0.08%)
     
  • GBP/USD

    1.3025
    +0.0004 (+0.03%)
     
  • BTC-GBP

    10,283.95
    +211.57 (+2.10%)
     
  • CMC Crypto 200

    266.66
    +3.25 (+1.23%)
     
  • S&P 500

    3,400.97
    -64.42 (-1.86%)
     
  • DOW

    27,685.38
    -650.19 (-2.29%)
     
  • CRUDE OIL

    38.71
    +0.15 (+0.39%)
     
  • GOLD FUTURES

    1,905.00
    -0.70 (-0.04%)
     
  • NIKKEI 225

    23,485.80
    -8.54 (-0.04%)
     
  • HANG SENG

    24,787.19
    -131.59 (-0.53%)
     
  • DAX

    12,145.04
    -32.14 (-0.26%)
     
  • CAC 40

    4,777.17
    -38.95 (-0.81%)
     

Gazprom plans to complete Nord Stream 2 'as soon as reasonably possible'

·1-min read
FILE PHOTO: The Russian pipe-laying vessel Akademik Cherskiy lies in the port of Mukran
FILE PHOTO: The Russian pipe-laying vessel Akademik Cherskiy lies in the port of Mukran

MOSCOW (Reuters) - Russian gas giant Gazprom <GAZP.MM> plans to complete the Nord Stream 2 gas pipeline "as soon as reasonably possible", it said in a presentation on Tuesday.

Construction of the 1,230 km pipeline is nearly finished but a final stretch of roughly 120 km in Danish waters still needs to be laid after work was halted in December when Swiss-Dutch pipe-laying company Allseas suspended operations after U.S. sanctions targeted businesses providing vessels to lay the pipes.

Gazprom also said that the company raised a 400 million euro (362.6 million pounds) loan from an international bank last month.

(Reporting by Vladimir Soldatkin and Oksana Kobzeva; Editing by David Goodman)