Gazprom Faces Risks From US Sanctions on Pipeline -- Market Talk
December 18 2019 - 9:06AM
Dow Jones News
09:36 ET - Investors in Russian gas giant Gazprom, which has
ADRs are listed at the London Stock Exchange, in the US and at
European exchanges, are keeping their eyes on looming US sanctions
targeting Nord Stream 2, a 1,200-km natural gas pipeline being
built that would connect Russia and Germany via the Baltic Sea.
"The bill, if approved in its current form, could pose risks to
Russia's Gazprom, PJSC (Baa2 stable), which owns and operates the
pipeline through its wholly owned Swiss subsidiary," says Moody's
Investors Service. "The exposure of Gazprom will depend on its
ability to complete the construction if its current contractors
need to cease their participation in the project."
(dan.molinski@wsj.com)
(END) Dow Jones Newswires
December 18, 2019 09:51 ET (14:51 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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