Contents tagged with Nord Stream - 2

  • Gazprom’s European partners under threat of US sanctions because of Nord Stream 2 pipeline

    European partners of Gazprom are frightened of coming under US sanctions for helping to construct the Nord Stream 2 gas pipeline, said a member of the board of the German energy company Uniper, RBC new agency reported.

    Reiner Hartmann heads the Russian branch of Uniper, a company that belongs to the Nord Stream 2 consortium of investors. He said the likelihood that the United States will indeed impose sanctions ,that it is threatening with, is "extremely threatening" for all of Gazprom's …

  • Poroshenko: Ukraine to create EU group to stop Nord Stream 2

    The Ukrainian authorities are creating a group in the European Union to halt construction of a second line of Nord Stream 2, the Russian gas pipeline intended to bypass Ukraine. The group will also negotiate with Germany on the creation of an international consortium for the management of the Ukrainian gas transportation system, Interfax-Ukraine reports, citing the Ukrainian President, Petro Poroshenko

     “Nord Stream 2 is an absolutely political project against Ukraine, which has no economic …

  • Ukraine: Nord Stream-2 gas pipeline is Russia's weapon

    The Deputy Speaker of Ukraine’s Verkhovna Rada, Oksana Syroyid, stated that the Nord Stream-2 gas pipeline is a “Russian weapon,” 112 Ukraine TV reports.

    “Russia will keep winning and we do not know when they will stop,” Syroyid said. “The Nord Stream-2 is a weapon, which Russia has already delivered to Berlin, and the only question is: when will they use it?”

    On June 13, George Tuka, the Deputy Minister for the temporarily-occupied territories, called the Nord Stream-2 a “threat to European …

  • Ukrainian President: there will be no Nord Stream-2 pipeline

    Ukrainian President Petro Poroshenko said that he believes the Russian gas pipeline Nord Stream 2 will not be built.

    “I believe that Nord Stream 2 will not affect the Ukrainian economy much, because it will not exist. I am sure that we can stop it with joint efforts,” he stated at a meeting with Taras Shevchenko National University students of the Faculty of Law in Kyiv, during a Q&A session.

    “The very best lawyers who represent Ukraine have now seized the assets of [Gazprom] in Britain, the …

  • Media: at Ukraine’s request shares of Nord Stream and Nord Stream-2 may be seized in European jurisdictions

    Naftogaz of Ukraine has begun the process of recovery in the courts of the $2.6 billion debt of Russia’s gas conglomerate Gazprom in compliance with the decision of the Arbitration Institute of the Stockholm Chamber of Commerce, Interfax-Ukraine reports with reference to a source in the government.

    It is noted that the legal process has been initiated in Switzerland, the Netherlands and the United Kingdom under article 5 of the New York Convention on the Recognition and Enforcement of Foreign …

  • Ukrainian President: Nord Stream 2 must be stopped

    Ukrainian President Petro Poroshenko has stressed the necessity of stopping the Nord Stream 2 gas pipeline project from being realized.

    “Nord Stream 2 is not an economic project, it will harm European unity and must be stopped,” the president tweeted.

    As Ukrinform reports, at a joint press conference with Estonian President Kersti Kaljulaid, Poroshenko said that Ukraine is prepared to give every guarantee concerning the reliability and effectiveness of gas transit through Ukraine.

    “Ukraine …

  • The US might impose sanctions against Nord Stream 2

    The United States is attempting to prevent the implementation of the Nord Stream 2 project. They have not ruled out the possibility of sanctions against the company, which is engaged in the construction of the gas pipeline, the representative of the US State Department, Sandra Oudkirk said in Berlin, according to Spiegel Online.

    According to Oudkirk, the US expects that the problem can be solved diplomatically. "We will be happy if the project is never implemented," the representative of the …

  • Germany: Ukraine should not be afraid of Nord Stream 2

    Berlin is ready to mediate in the talks between Moscow and Kyiv on the construction of the Nord Stream-2 gas pipeline, Michael Harms, executive director of the German Committee on Eastern European Economic Relations, told the press agency DPA.

    Harms stressed that the main issue is the volume of gas that will be supplied through Ukraine after the implementation of the project.

    He argues that Kyiv should not be afraid of a complete cessation of supplies, since the North Stream-2 will not …

  • Poland files case against Russia's Gazprom for financing Nord Stream 2 pipeline

    The Polish Office of Competition and Consumer Protection (UOKiK) has opened proceedings against Gazprom and five other international companies responsible for financing the Nord Stream 2 gas pipeline, reported Polskie Radio.

    Polskie Radio noted that more than two years ago, the five companies wanted to create a consortium to finance the construction of the Russian gas pipeline. Marek Niechciał, President of UOKIK, stated that “the company that was to deal with the construction of the Nord …

  • Russia's Gazprom claims it is ready to build Nord Stream 3 pipeline

    Gazprom is ready to construct Nord Stream 3 if the European Union confirms the need for Russian gas, as stated by Deputy Chairman of the Management Committee of Gazprom Alexander Medvedev on channel Russia-24.

    “We have proven reserves, we have transportation, we are building new transport routes. If Europe expresses its needs and is ready to sign the necessary contracts, I won’t rule out the need for more new gas transportation projects such as Nord Stream 3,” RIA Novosti cites Medvedev. …