Nasdaq BERLIN, Feb 23 – Germany’s decision to halt the certification of Nord Stream 2 has raised questions about the future of the $11 billion, 1,230-km gas pipeline under the Baltic Sea and the prospect of compensation lawsuits by its Russian owner Gazprom GAZP.MM. Here is what to expect next regarding Europe’s most divisive energy project: IS NORD STREAM 2
CNBC Russia will lose tens of billions of dollars if a pipeline project to transport gas to Germany is abandoned — and that threat is something that Europe can use to pressure Moscow, according to a former German ambassador to the U.S. “I think the pipeline represents a major item of leverage for us, if we handle it smartly,” said
Nasdaq Swiss-based Nord Stream 2 said it has appealed a court decision that confirmed the pipeline will not be exempt from European Union rules that require the owners of pipelines to be different from the suppliers of the gas that flows in them. The decision was made by the Duesseldorf Higher Regional Court in August, and a spokesperson for the
Reuters The launch of Russia’s Nord Stream 2 gas pipeline will mean Europe will be solely dependent on Moscow-run pipelines as the Ukrainian route for gas delivery to Europe disappears, the head of Ukraine’s gas transit operator said. Russia’s Gazprom has almost completed the construction of Nord Stream 2, which can divert transit gas flows still going through Ukraine to
Reuters BERLIN/KYIV – German Chancellor Angela Merkel on Thursday defended a deal with the United States that allows the Nord Stream 2 gas pipeline to proceed as a pragmatic compromise, but Ukraine said it was too weak to ensure Russia behaves the way Kyiv and the West want. Ukraine has long opposed the nearly completed $11 billion project which will
Reuters BERLIN – The conservative and Greens candidates to succeed German Chancellor Angela Merkel after September’s federal election clashed on Thursday on the Nord Stream 2 gas pipeline from Russia, and on whether Germany should host U.S nuclear weapons. In their first debate, focused on foreign and security policy, Armin Laschet, from Merkel’s conservative alliance, welcomed a decision by the
Reuters BRUSSELS – U.S. Secretary of State Antony Blinken said on Wednesday he had told his German counterpart that sanctions against the Nord Stream 2 natural gas pipeline were a real possibility and there was “no ambiguity” in American opposition to its construction. Berlin has so far been betting the new U.S. administration of President Joe Biden will take a
Reuters BERLIN – Germany’s Greens have enshrined in their election programme plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe’s biggest economy, creating a hurdle to a potential alliance with the conservatives. Chancellor Angela Merkel’s conservatives, who have backed the Nord Stream 2 pipeline opposed by the United States, are leading in polls ahead
Reuters WASHINGTON – Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated on Friday was a “bad deal” for Europe. Senators Jim Risch, a Republican, and Jeanne Shaheen, a Democrat, urged the State Department not to
Reuters MOSCOW – The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on Monday, indicating that the 2.6-km stretch of the project in German waters may have been completed. Fortuna was now heading for the north German port of Wismar, the data showed. The Fortuna earlier
Reuters WASHINGTON/FRANKFURT/MOSCOW – Two U.S. senators are considering drafting further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays. U.S. sanctions legislation originally sponsored by Senators Ted Cruz, a Republican, and Jeanne Shaheen, a Democrat, in December halted work by Swiss-Dutch
Reuters ISTANBUL – The presidents of Turkey and Russia on Wednesday formally launched the TurkStream pipeline which will carry Russian natural gas to southern Europe through Turkey, part of Moscow’s efforts to reduce shipments via Ukraine. The pipeline project, stretching 930 km (580 miles) across the Black Sea, reinforces strong energy ties between Moscow and Ankara, which have also increased
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