Nord Stream 2 cost $11 billion to build. Now, the Russia-Europe gas pipeline is unused and abandoned

Posted April 3rd, 2022 by Brahm Canzer & filed under Company Analysis, Economic Analysis, Financial analysis, Financial Planning, Governments & Regulators, Growth & Valuation, Industry Analysis, Market Analysis, Personal Finance.

Description: One of the early casualties of Russia’s invasion of Ukraine — and its continuing geopolitical and economic fallout — has been the Nord Stream 2 gas pipeline, a massive energy project that took several years to build and cost $11 billion.

Source: CNBC.com – video report

Date: Mar 31, 2022

Link: https://www.cnbc.com/2022/03/31/the-nord-stream-2-pipeline-lies-abandoned-after-russia-invaded-ukraine.html

Questions for discussion:

What does the report say about the current status and future prospects for Nord Stream 2?
What do you think of these points?
What should investors take away from this report that can help guide their investment thinking?