Putin Says That First Line Of Nord Stream 2 Is Now Complete | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Putin Says That First Line Of Nord Stream 2 Is Now Complete

Via OilPrice.com,

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been "successfully completed."

Addressing an economic forum in St. Petersburg on June 4, Putin also said that "work on the second line is continuing."

While the underwater section still needs to be linked to the section on German territory, Russian energy giant Gazprom "is ready to start filing Nord Stream 2 with gas," he added.

Gazprom shares went up 0.6 percent after Putin's comments, reaching 273.80 rubles ($3.74) -- their highest level since mid-2008.

The United States, which has strongly opposed construction of the new Russian pipeline, last month announced new sanctions against Russian companies and ships involved in the project.

But the administration of President Joe Biden decided to waive sanctions against the company overseeing the project and its CEO.

In Washington, the move was met with criticism from Republicans and some Democrats, while the Kremlin hailed it as a "positive signal" ahead of a June 16 summit between Biden and Putin.

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