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Russia's Novak says no one has approached government about buying Nord Stream 2

Published by Global Banking & Finance Review

Posted on June 19, 2025

1 min read

· Last updated: January 23, 2026

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Russia's Novak says no one has approached government about buying Nord Stream 2
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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

Russian Government Not Approached for Nord Stream 2 Pipeline Sale

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)

Key Takeaways

  • No approaches made to Russia for Nord Stream 2 sale.
  • Stephen P. Lynch reportedly interested in buying the pipeline.
  • Nord Stream 2 was completed in 2021 but never commissioned.
  • Pipeline was damaged by blasts in 2022.
  • Geopolitical tensions affect pipeline's future.

Frequently Asked Questions

Who is Alexander Novak?
Alexander Novak is the Russian Deputy Prime Minister who stated that no one has approached the government about buying the Nord Stream 2 gas pipeline.
What is the status of the Nord Stream 2 pipeline?
The Nord Stream 2 pipeline was completed in 2021 but was never commissioned due to deteriorating relations with the West following the conflict in Ukraine.
Who expressed interest in purchasing the Nord Stream 2 pipeline?
An American investor, Stephen P. Lynch, was reported to be seeking to buy the Nord Stream 2 pipeline, which is located under the Baltic Sea.
What was the cost of the Nord Stream 2 pipeline?
The Nord Stream 2 pipeline cost approximately $11 billion to construct.
What happened to the Nord Stream 2 pipeline in 2022?
The Nord Stream 2 pipeline was damaged by mysterious blasts in 2022, which contributed to its operational challenges.

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