Posted By Global Banking and Finance Review
Posted on June 19, 2025
ST PETERSBURG (Reuters) -Russian Deputy Prime Minister Alexander Novak said on Thursday that no one has approached the Russian government about buying the Nord Stream 2 gas pipeline.
The Wall Street Journal reported in November that an American investor, Stephen P. Lynch, was seeking to buy the pipeline under the Baltic Sea, which was damaged by mysterious blasts in 2022.
The $11 billion Nord Stream 2 pipeline, set to carry Russian gas to Europe, was completed in 2021 but was never commissioned as relations with the West soured due to the onset of the conflict in Ukraine.
(Reporting by Olesya Astakhova; Writing by Lucy Papachristou; Editing by Mark Trevelyan)