Contents tagged with Nord Stream

  • Construction of Nord Stream 2 pipeline delayed by half a year

    The completion of the Nord Stream-2 pipeline continues to be postponed.According to Interfax, the operator of the project, Gazprom's Swiss-registered subsidiary Nord Stream 2 AG, has postponed the completion date in Danish territorial waters by another five months. About 160 km of pipe remain to be laid there.In a new Notice to Mariners published by the Danish Maritime Authority, the company says it plans to continue work until September 2021. Two months ago, in a similar document, the deadline …

  • Largest investor leaves Nord Stream 2

    Germany's Wintershall Dea no longer plans to provide funding to the Nord Stream 2 project, the company said in a annual report.

    "The Group‘s involvement with the Nord Stream 2 project is limited to the provision of loans together with four major European energy companies (ENGIE, OMV, Shell and Uniper). The company‘s loan payments to Nord Stream 2 AG amount to €730 million and were completed prior to the revision of the ‘Countering America‘s Adversaries Through Sanctions Act ‘CAATSA‘ Section 232 …

  • Washington imposes sanctions on Russian pipe-laying ship working on Nord Stream 2

    The U.S. Treasury Department imposed sanctions on the Fortuna pipe-laying ship and its owner, which are involved in the construction of Russia's Nord Stream-2 gas pipeline, as stated on the website of the U.S. Treasury Department.

    Last December, Fortuna's specialized barge laid about 2.6 km of pipeline in German waters, after a nearly year-long hiatus in construction due to U.S. sanctions.

    Now the ship, which flies the Russian flag, has been added to the list of companies and entities that …

  • Poland: Nord Stream 2 is 'a selfish project' of Russia and Germany

    Russia's Nord Stream 2 project is damaging European energy security, said the Chief of Poland’s Presidential Chancellery, Krzysztof Szczerski, reports Polskie Radio.

    "This is a very selfish project between the two countries (Russia and Germany) that deals a blow to the entire energy security structure of Europe and the Euro-Atlantic space," Szczerski said.

    According to Szczerski, reports that Joe Biden's administration can agree to the implementation of this project are not true.

    Szczerski …

  • Russia resumes construction of Nord Stream 2 pipeline

    Russia has resumed laying pipes for the Nord Stream 2 gas pipeline, reports the Russian news agency Interfax, citing Nord Stream 2 AG.

    "On January 24, the pipelay vessel Fortuna began work on the construction of the Nord Stream 2 gas pipeline. Today, the Fortuna vessel began laying pipes in Danish waters after successfully conducting sea tests. All works are carried out in accordance with the relevant permits. We will provide more information about the construction and our future plans," Nord …

  • Germany considers shutting down Nord Stream-2 if Russia stops gas transit through Ukraine

    The German government is considering the possibility of establishing a mechanism which will allow shutting down the Nord Stream-2 gas pipeline if Russia reduces gas transit through Ukraine, reported German newspaper WirtschaftsWoche citing sources.

    According to the newspaper, Chancellor Angela Merkel and Foreign Minister Heiko Maas are not considering the full withdrawal from the gas pipeline project.

    At the same time, instead of completely stopping the construction, they are considering the …

  • U.S. gives Germany ultimatum on Nord Stream 2

    For the first time, the United States signaled its readiness to start a dialogue on lifting sanctions from Nord Stream 2, provided that Germany prepares a package of proposals, reported the newspaper Handelsblatt, citing sources in the American administration." The German side should put a package of solutions on the negotiating table," the source of the newspaper said. "Otherwise, we will not be able to solve the Nord Stream 2 problem”.

    The Americans demand establishing a mechanism that will …

  • France urges Germany to stop construction of Nord Stream 2 pipeline

    Germany should stop construction of the Nord Stream-2 gas pipeline amid violent crackdown on protesters in Russia, announced French Minister of State for European Affairs Clément Beaune on the radio station France Inter, Deutsche Welle reports.

    "We have always said that we have huge doubts about this project in this context," he said.

    When asked if this meant a call for Berlin to abandon the Nord Stream 2 pipeline, Beaune said: "This is correct, we have already talked about it."

    He also …

  • Russia resumes construction of Nord Stream 2 pipeline

    The Russian pipelay crane vessel Fortuna resumed construction of the Nord Stream 2 gas pipeline in Danish waters, reported TASS, citing the press service of Nord Stream 2 AG.

    "The Fortuna has begun work on Nord Stream 2 pipeline in Danish waters. The work is carried out in accordance with the agreements," the company said.

    The Fortuna has been in the Nord Stream 2 construction zone, south of Bornholm Island, since January 22.

    The Danish Maritime Authority reported that, along with the …

  • Main lobbyist of Nord Stream 2 in Germany is Putin’s friend

    In the investigation of Alexei Navalny about Vladimir Putin's palace near Gelendzhik, among the many names of persons close to the Russian President, there is a "German friend", a former agent of the state security service of the GDR Matthias Warnig. In the video, Navaly notes that Warnig, who became a banker in the 1990s, financially helped Putin, a former KGB officer in Dresden, and his family.

    Deutsche Welle provides details of the Warnig's biography. The newspaper points out that during …