From Reuters KIEV (Reuters) – United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future.” The Nord Stream 2 gas pipeline project has come under fire from the United States and several eastern European, Nordic and Baltic
Ukraine says Russia starting ‘gas war’ with controversial pipeline
From Reuters The Danish Energy Agency has requested an environmental assessment of a third route option for the Nord Stream 2 gas pipeline in Danish waters, a move that could delay the project to pump Russian gas to Europe. The 1,225 km (765 miles) pipeline, now under construction, has come under fire from the United States and several eastern European,
From Reuters The Russian-led Nord Stream 2 gas pipeline company expects to receive approval from Danish authorities for a 180-km stretch of the pipeline under the Baltic Sea in time to finish the pipeline by the end of 2019 as planned, a spokesman said on Monday. Nord Stream 2 spokesman Jens Mueller said there was “good reason” to believe Danish
From The Wall Street Journal Angela Merkel and her advisers, before a visit to the White House last spring, agreed on a priority: Avoid talk of Nord Stream 2. The German-Russian pipeline project had been a bone of contention between Berlin and Washington, which fears it will make Europe’s largest economy excessively reliant on Russian energy. When the German chancellor took
From Reuters The European Union reached a provisional deal on Wednesday on new rules governing import gas pipelines, casting doubt over the operating structure of Russia’s planned Nord Stream 2. The Russian pipeline already faces uncertainty after Denmark’s potential ban on its planned route through its territorial waters and sanction threats by the United States. The draft law calls for
From Bloomberg Support in German Chancellor Angela Merkel’s coalition for a major new Russian gas pipeline is slipping as frustration with the Kremlin’s brinkmanship grows and pressure from U.S. President Donald Trump starts to bite. Nord Stream 2, an $11 billion project that will double the natural gas supply under the Baltic Sea to Germany, faces growing skepticism among German
Nord Stream 2 at issue From UK Breaking News UK Foreign Secretary Boris Johnson has told MPs that the UK will “consider” imposing sanctions on Russian gas post Brexit. European Union sanctions on Russia currently exclude oil and gas, but Mr Johnson said he would consider all possibilities once the UK “takes back control of our sanctions policy”. Mr Johnson
The Nord Stream Pipeline delivered 51 billion cubic meters (Bcm) of natural gas to consumers in the European Union in 2017. This means that the pipeline system operated at 93% of its annual design capacity of 55 Bcm. This is the highest utilization since the start of operation of the Nord Stream Pipeline System, the company said in a statement.
The four individual pipes will deliver a combined capacity of 10.64 Bcf/d of gas to European markets Permits for the Nord Stream 2 project are currently being drawn up. National environmental impact assessment reports were submitted to the German, Danish, Finnish, and Swedish authorities, with construction permit applications filed for the corresponding sections of the gas pipeline in each country.
Gazprom faces obstacles to financing $11 billion project in current market – Fitch Ratings Russian gas giant Gazprom (ticker: OGZPY) may not have the financial strength to follow through on the construction of its Nord Stream 2 project, according to a report from credit ratings agency Fitch. According to the rating agency, Nord Stream 2 may hurt the company’s commercial
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