Uniper, the German energy company, has started laying pipes in the Baltic Sea for Gazprom’s Nord Stream 2 gas pipeline

Uniper, the German energy company, has started laying pipes in the Baltic Sea for Gazprom’s Nord Stream 2 gas pipeline, Russia’s RBC reports. The 1,200 km, €9.5 billion pipeline could be ready in 18 months, RBC writes. Separately, Paul Corcoran, chief financial officer for Nord Stream 2, brushes off the threat of US sanctions. “The project will definitely be financed,” he tells Petroleum Economist, a London-based news site. “It is important for Gazprom, and Russia currently has a high liquidity in euros.”