US Investor Seeks to Acquire Nord Stream 2 Pipeline

Stephen Lynch, a Trump supporter, has applied for US government approval to bid on the controversial pipeline if it is auctioned in Switzerland.

Stephen Lynch, a US financier with ties to Donald Trump, is seeking permission from the US Treasury to bid on the Nord Stream 2 pipeline in the event of a Swiss auction.
The pipeline, majority-owned by Russia's Gazprom, has been inactive since its completion in 2021 due to geopolitical tensions and sanctions following Russia's invasion of Ukraine.
Lynch argues that US ownership of the pipeline could strengthen leverage in peace negotiations with Russia and align with American and European energy interests.
The potential sale hinges on the insolvency and liquidation of a Gazprom subsidiary in Switzerland, which has until the end of the year to restructure its debts.
US regulatory approval is required for Lynch's bid, as the pipeline is subject to sanctions; his plans have been communicated to US senators and government officials.