Contents tagged with Nord Stream

  • Nord Stream 2 pipeline: almost 350 German companies may face US sanctions

    Almost 350 German companies which are taking part in the Nord Stream-2 project may be affected by the US sanctions, said the Chief Executive of Foreign Trade at the Association of German Chambers of Industry and Commerce (DIHT), Volker Treier in a commentary for the news network Redaktions Netzwerk Deutschland.

    According to him, there is growing concern in German business due to Washington's intention to impose sanctions against companies involved in the construction of the Russian gas …

  • Kyiv: all of Europe is interested in stopping Nord Stream 2

    Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Dmytro Kuleba said that the US sanctions against the Nord Stream 2 pipeline should be applied as soon as possible, reports Ukrinform news agency. According to him, not only Ukraine but also all of Europe is interested in stopping the construction of the pipeline.

    According to Kuleba, Nord Stream 2 pipeline is a political, not an economic project. He explained that the pipeline will create a security imbalance in Europe …

  • US Congress initiates sanctions against Nord Stream 2

    US Congress has found a way to help Russian President Vladimir Putin to reach an agreement with Ukraine on gas transit to Europe.

    A few hours after the Normandy Format summit in Paris, where Putin and Ukrainian President Volodymyr Zelensky were unable to agree to withdraw all gas disputes or to sign a new transit contract, the US gave the green light to sanctions against Russia’s Turkish Stream and Nord Stream 2 projects.

    The amendment on sanctions against the two gas pipelines, which Russia …

  • Russia unable to complete Nord Stream 2 in expected time frame

    The operator company of the Nord Stream 2 gas pipeline announced that there have been delays in the construction of the pipeline. On Monday, December 9, the company admitted that it will not be able to finish building the energy facility in the previously announced shorter time frame, DW reports.

    “We had planned to complete the project in the next few months in accordance with all legal and technical standards,” the company said.

    However, due to weather conditions, the company could not name …

  • Putin promises German businessmen to continue gas transit through Ukraine

    During the meeting with top German managers in Sochi on December 6, Russian President Vladimir Putin said that the launch of a new gas pipeline does not mean that Russia will stop gas transit through Ukraine.

    Representatives of the German business insisted on maintaining the transit of Russian gas through Ukraine. "Time is running out. It is important to maintain gas transit through Ukraine because this will ensure long-term and reliable supplies of Russian gas to Europe. Considering the …

  • US to impose sanctions on Nord Stream 2 before Christmas

    The US is preparing a “sanctions trick” against the Russian Nord Stream 2 gas pipeline, the German newspaper Bild reported on Saturday, citing sources and a speech given by James Risch, Chairman of the US Senate Committee on Foreign Relations, at a security conference in Halifax.

    The opponents of the pipeline’s construction plan to get sanctions imposed “in a roundabout way” on the European companies involved in the realization of the project.

    Essentially, the sanctions against Gazprom’s …

  • US defense budget to include sanctions against Nord Stream 2

    The US defense budget for 2020 will include a provision on sanctions against companies involved in the construction of the Nord Stream 2 pipeline, Republican Senator James Risch, Chairman of the US Senate Foreign Relations Committee, told Defense News on October 23.

    The text of the sanctions has not yet been publicized, but the senator said that it is similar to the “Protecting Europe’s Energy Security Act”, which was sponsored by Senator Ted Cruz.

    The bill will impose sanctions on the …

  • Ukraine wants to challenge Denmark's permit for Nord Stream 2 construction

    Ukrainian Energy Minister Oleksiy Orzhel said that the Ukrainian authorities might appeal against Denmark's permit for the construction of the Nord Stream 2 gas pipeline.

    "We are now considering possibility of appeal from the environmental point of view," said Orzhel in an interview for Channel 24.

    At the same time, the Ukrainian Minister recognized that considering Russia's expenses, Nord Stream 2 project will be implemented anyway.

    "But I don't think that Nord Stream 2 will be fully …

  • Russia announces Nord Stream 2 launch time

    Russian Deputy Prime Minister Dmitry Kozak said that the Nord Stream 2 gas pipeline will become operational "in the middle of the next year [2020]," without specifying the exact month, reports TASS.

    Earlier, Russian Energy Minister Alexander Novak reported that gas supplies through the Nord Stream 2 pipeline could begin before the end of 2019. "Depending on the schedule of this project, we will decide when the construction of the pipeline can be continued," said Novak.

    On November 13, the …

  • Russia’s Gazprom sues EU for loss of Nord Stream 2 capacity

    Nord Stream 2 AG, the Swiss subsidiary of the Russian company Gazprom, has taken the EU government to court regarding the gas legislation amendments that prohibit the Russian company from using more than 50% of the capacity of the Nord Stream 2 gas pipeline.

    As reported by Interfax, Gazprom informed potential investors about the start of the litigation through a memorandum on the placement of Swiss franc-denominated eurobonds that is scheduled to take place in mid November.

    Gazprom believes …