World Oil (Bloomberg) –Nord Stream 2 AG, the Gazprom PJSC-owned pipeline project to bring more Russian natural gas to Europe, risks delays after losing a court ruling imposing changes to its organization. The Dusseldorf Higher Regional Court on Wednesday dismissed a bid to sidestep European Union rules requiring gas producers to be legally separate from entities that transport the fuel,
World Oil (Bloomberg) – Chancellor Angela Merkel reinforced her vow to push for additional sanctions against Russia if the Kremlin uses the Nord Stream 2 gas pipeline linking Russia to Germany as a “weapon.” The comments came two days after President Vladimir Putin raised the stakes in mounting tension over energy with the EU. Putin imposed conditions on any extension
Reuters U.S. Secretary of State Antony Blinken said on Tuesday that Washington was working with Germany to try to mitigate any effects of the completion of the Russian Nord Stream 2 natural gas pipeline. He also indicated that more penalties could be in order for those involved with the project, telling a U.S. Senate Appropriations Committee hearing, “We also of
Fox Business Just two months into the Biden presidency and we are witnessing a remarkable juxtaposition on the issue of energy security that could have profound and serious implications both at home and abroad. It was almost two years ago, on March 29, 2019, that then-President Trump signed an executive order granting final permission for the construction of the Keystone XL pipeline. A
Reuters WASHINGTON – The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We are trying to inform companies of the
Reuters WASHINGTON – Sanctions that could hinder one of Moscow’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill, two congressional aides said on Wednesday. The sanctions in the compromise National Defense Authorization Act between lawmakers in the House and Senate would penalize companies facilitating the construction
Reuters WARSAW/MOSCOW – Poland has fined Russia’s Gazprom GAZP.MM more than 29 billion zlotys ($7.6 billion) for building the Nord Stream 2 gas pipeline without Warsaw’s approval, its watchdog said on Wednesday, prompting the company to say it will appeal. The project has stoked concern about Moscow’s dominance of European energy supplies and attracted U.S. sanctions, although rival sales of Azeri
Reuters MOSCOW – The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. Associations belonging to the International Group of P&I Clubs, including the Shipowners’ Club and the London P&I Club, said in a circular on Monday that it would
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