German utility Uniper – one of five Western European companies partially funding the Russia-led Nord Stream 2 gas pipeline project – warned on Tuesday that it might have to write down the value of a loan to the project if U.S. sanctions succeed in stifling it. During a call with analysts to discuss Uniper’s first-half performance, the company’s chief executive Andreas Schierenbeck said that sanctions pressure on the pipeline project designed to carry Russian gas to Germany had intensified. “The worst case would be, of course, if (Nord Stream 2) would never be finished and then, of course, the question is can we get our money back or not,” Schierenbeck said on the call, as carried by Reuters. Still, Uniper’s top executive expects the controversial gas pipeline project to go ahead as planned. Uniper, together with Shell, ENGIE, OMV, and Wintershall DEA, is partially financing the project. Each of […]