{"id":107874,"date":"2021-02-24T17:33:11","date_gmt":"2021-02-24T17:33:11","guid":{"rendered":"https:\/\/fin2me.com\/?p=107874"},"modified":"2021-02-24T17:33:11","modified_gmt":"2021-02-24T17:33:11","slug":"exclusive-baker-hughes-axa-group-16-others-stopped-work-on-nord-stream-2-pipeline-u-s","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/exclusive-baker-hughes-axa-group-16-others-stopped-work-on-nord-stream-2-pipeline-u-s\/","title":{"rendered":"Exclusive: Baker Hughes, AXA Group, 16 others stopped work on Nord Stream 2 pipeline – U.S."},"content":{"rendered":"
WASHINGTON (Reuters) – Baker Hughes and AXA Group and 16 other companies recently wound down work on Russia\u2019s Nord Stream 2 natural gas pipeline and would not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.<\/p> Russian energy company Gazprom and its western partners are racing to build the pipeline to take Russian gas to Germany under the Baltic Sea, and hope to finish it this year. President Joe Biden believes the pipeline is a \u201cbad deal\u201d for Europe.<\/p>\n Many U.S. lawmakers and officials say the pipeline would increase Russia\u2019s political and economic leverage over Europe because it would bypass Ukraine and other countries depriving them of lucrative transit fees.<\/p>\n The United States also would like to export liquefied natural gas to Europe as an alternative to Russian gas.<\/p>\n A few of the companies, including DNV GL, Zurich Insurance and Munich Re already said they dropped out after U.S. pressure. Here is the full list of companies according to the document:<\/p>\n AEGIS Managing Agency Ltd<\/p>\n Arch Insurance Ltd<\/p>\n Aspen Managing Agency Ltd<\/p>\n AXA Group<\/p>\n Baker Hughes<\/p>\n Beazley Furlonge Ltd<\/p>\n Bilfinger<\/p>\n Canopius Managing Agents Ltd<\/p>\n Chaucer Syndicates Ltd<\/p>\n Chubb Underwriting Agencies Ltd<\/p>\n Hiscox Syndicates Ltd<\/p>\n Markel Syndicate Management Ltd<\/p>\n MS Amlin Underwriting Ltd<\/p>\n Munich Re Syndicate Ltd<\/p>\n Tokio Marine Kiln Syndicates Ltd<\/p>\n Travelers Syndicate Management Ltd<\/p>\n Zurich Insurance Group<\/p>\nDNV GL<\/h2>\n