Contents tagged with Nord Stream - 2

  • US Congress releases bill on Nord Stream 2 sanctions

    The US Congress released a bill on the sanctions against individuals and legal entities involved in the construction of the Nord Stream 2 gas pipeline.

     It proposes to impose sanctions against companies that use their vessels to lay pipeline at a depth of 100 feet below sea level. Sanctions may also apply to the vessel insurers.

     According to the bill, the president of the United States may impose five or more types of sanctions against the targeted parties.

    The bill stipulates, among other …

  • US prepares to impose sanctions on Nord Stream 2 construction companies

    Washington is preparing to impose sanctions on the Nord Stream 2 gas pipeline project.

    According to the relevant bill, which was published on the US Senate website, sanctions will be imposed on a number of foreign construction companies that are involved in laying the pipeline on the bottom of the Baltic Sea.

    The “Protecting Europe’s Energy Security Act of 2019” was authored by republican senators Ted Cruz, John Barrasso, Tom Cotton and democrat senator Jeanne Shaheen.

    The senators stipulate …

  • US Energy Secretary promises sanctions on Nord Stream 2

    On Tuesday, May 21, during a visit to Ukraine, US Secretary of Energy Rick Perry assured Kyiv that US authorities intend to prevent the construction of the Nord Stream 2 gas pipeline by imposing sanctions.  

    According to Perry, the law imposing penalties on companies participating in the project will be adopted “in the near future”. The secretary noted that, in the USA, many oppose building the gas pipeline from Russia to Germany and stressed that the sanctions bill would pass in Congress and  …

  • US Ambassador to Germany warns again of Nord Stream 2 sanctions

    In an interview with the publication Focus, US Ambassador to Germany Richard Grenell alluded to the sanctions that Washington could impose on the German companies involved in the Nord Stream 2 gas pipeline project.

    “From an American perspective, the pipeline will bring more than just gas, but also an increased sanction risk,” he said. He pointed out that the pipeline will make EU countries dependent on Russia.

    The American diplomat has repeatedly said that “the companies that operate in the …

  • Media: laying of Nord Stream 2 pipes in Russian waters has begun

    The Nord Stream 2 gas pipeline construction contractors have begun pipe-laying operations in Russia’s territorial waters, RBC news agency reports with reference to a statement of Nord Stream 2 AG.

    According to the press release, the Solitaire, a ship belonging to the Swiss company Allseas, is responsible for the operations in Russian territorial waters. The ship has as many as 420 active crew members, and it will carry out pipe-laying operations 24/7. The 12 meter pipes, weighing in at 24 tons, …

  • Denmark stopped Nord Stream 2

    Nord Stream 2 AG, the operating company of the Nord Stream 2 gas pipeline project, has been forced to comply with the demands of the Danish regulator and submit an application to lay the pipe within Denmark’s exclusive economic zone in the Baltic Sea.

    This is the third such application that the company has submitted. Originally, Gazprom intended to lay the pipeline along the same route as the first Nord Stream pipe, but when it became clear that Denmark could simply prohibit the laying of this …

  • Germany's direct investments in Russia exceed 3 billion euros

    The German-Russian Chamber of Commerce is confident that companies that have knowledge of the Russian market are not afraid of "sanctions and political problems.

    On Monday, April 15, the press service of the German-Russian Chamber of Commerce, citing data from the German Federal Bank, announced that Germany’s direct investments in the Russian economy in 2018 amounted to 3.2 billion euros.

    They estimate that this is a record amount of investment since the financial crisis in 2008. Large-scale …

  • European Union adopts amendments to EU Gas Directive to control Nord Stream 2

    The European Union finalized a draft amendment to the European Union Gas Directive, which controls the use of gas pipelines in the territory of the alliance. The European Union plans to introduce all the technical procedures by the end of 2019. The head of the Directorate-General for Energy within the European Commission, Dominique Ristori, has previously stressed that the EU intends to bring the amendments into effect before the start of operation of the Russian Nord Stream-2 gas pipeline so …

  • Gazprom CEO sees no obstacles for Nord Stream-2

    The head of Gazprom, Alexey Miller, in the interview with the program Moscow. Kremlin. Putin. stated that there are no obstacles for the construction of Nord Stream-2 and promised to complete the laying of two gas lines by the end of 2019, reports RIA Novosti.

    “All those statements that have been made lately do not reflect reality. In general, there are no fatal legal obstacles that would make us think that we can not complete the construction of Nord Stream 2 before the end of 2019,” said …

  • Nord Stream 2 AG: Denmark has not refused to authorize pipeline route

    Nord Stream 2 AG, the company operating the Nord Stream 2 gas pipeline project, has refuted Naftogaz’s claims that Denmark has issued a negative decision on the pipeline route, RIA Novosti reports, citing a company spokesperson.

    “The Danish Energy Agency (DEA) has not declined even one of Nord Stream 2’s two applications to receive authorization [for the construction project]. Both of them are still valid,” the Nord Stream representative stated.

    According to the spokesperson, the DEA has …