Contents tagged with Nord Stream 2

  • Ukraine's Naftogaz threatens to seize Nord Stream 2 assets in Europe

    Yuriy Vitrenko, Director for Business Development for Naftogaz Ukraine, has said that the company may appeal to the Swiss court to arrest shares of Nord Stream AG and Nord Stream 2 AG in connection with the recovery of debt from Gazprom. The debt recovery was mandated as part of a decision by the Stockholm Arbitration Court.

    "For example, gas. If Gazprom's gas is stored in underground storage facilities in Europe, we can seize it. Or if gas is supplied to Europe, we can seize it too. Gazprom …

  • US Department of State: Nord Stream-2 pipeline will undermine Ukraine's energy independence

    The US opposes the construction of the Nord Stream-2 gas pipeline in the Baltic Sea, which will have negative consequences for the energy sector and the economy of Ukraine, as stated by the US Deputy Secretary of State, John Sullivan, during his speech at the Diplomatic Academy of Ukraine, UNIAN reports.

    Speaking about energy policy concerning Ukraine, the diplomat said that the United States stands for Ukraine's stable, independent, self-sufficient energy future.

    "The future will not depend …

  • Polish President says he is surprised that EU wants to continue being dependent on Russia's Gazprom

    During an official visit to the Lithuanian capital, Polish President Andrzej Duda criticized Nord Stream-2, a gas pipeline between Russia and Germany that would bypass Poland, Ukraine and the Baltic states, Polskie Radio reports.Duda said, "I want to express my surprise that the EU, particularly the more Western members, wants to become dependent on Gazprom, the Russian gas monopoly.”

    He said, "We (Poland) have experience [with Russia]. We are also keeping an eye on the experience of Ukraine, …

  • Merkel: Nord Stream 2 pipeline does not threaten EU energy security

    Germany regards the Nord Stream 2 gas pipeline as an economic project that does not threaten the European Union, said German Chancellor Angela Merkel.

    "We are also for energy diversification. We also want Ukraine to continue to have transit gas traffic, but we believe Nord Stream poses no danger to diversification," Merkel said at a joint news conference after meeting with Polish Prime Minister Mateusz Morawiecki.

    The Polish Prime Minister objected to Merkel, stating " I do not agree…that …

  • Germany issues permit for the construction of Nord Stream 2 gas pipeline

    The Stralsund mining office issued a permit for the construction of a 55-kilometer section of the Nord Stream 2 gas pipeline in German territorial waters in the Baltic Sea, as reported by the press service of Nord Stream 2 AG.

    "Today, Nord Stream 2 AG received permission to build and operate on the offshore section of the Nord Stream-2 gas pipeline in the territorial waters of Germany and in the land area in the vicinity of Lubmin near Greifswald. The Stralsund mining office issued an official …

  • Nord Stream 2 shareholders have invested about $3 billion in the project

    Paul Corcoran, CFO of the project company Nord Stream 2 AG, has stated that as of the end of 2017, shareholders in Nord Stream 2, including the Russian company Gazprom, have provided approximately $3 billion toward construction of the gas pipeline project along the bottom of the Baltic Sea. This was reported by Interfax.

    Gazprom's partner companies in the construction of Nord Stream 2 include Royal Dutch Shell, Engie, OMV, Uniper and Wintershall. They are committed to financing 50% of the …

  • Poland asks US to impose sanctions against Nord Stream 2

    In an interview with Gazeta Prawna following Polish Prime Minister Mateusz Morawiecki’s meeting with US Secretary of State Rex Tillerson, the Prime Minister said he raised the issue of the Nord Stream 2 gas pipeline, which is currently under construction. "We want this project to fall under the sanctions. And this is a very important point in our negotiations with the United States," said the head of the Polish government, referring to Nord Stream 2 as a threat not only to Poland's energy …

  • Naftogaz Chief: Nord Stream 2 is partially a military project

    The CEO of Naftogaz of Ukraine, Andriy Kobolyev, said during a broadcast on Channel 5 that the company's task for 2018 is to halt the Nord Stream 2 project by reforming the Ukrainian gas transportation system (GTS).

    "Indeed, this pipeline is a big risk, and its construction will fundamentally undermine the economy of the whole country. We believe that its construction is partly a military project, [and] that Putin's goal is to eliminate the transport of Russian gas from the territory of …

  • Poland called Nord Stream gas pipeline fatal for Ukraine

    The construction of the Nord Stream 2 gas pipeline could lead to tragic consequences for Ukraine, Polish Prime Minister Mateusz Morawiecki believes, as reported by Dziennik."We believe that Nord Stream 2 is a very harmful project that threatens the security of Central Europe. This is a project that can be fatal for Ukraine, for our closest neighbor," Morawiecki said.

    According to him, since Ukraine is excluded from the Russian plan to transport gas to Europe, nothing else will prevent Moscow …

  • President of Poland: Nord Stream 2 carries threats to Europe's energy security

    Poland, like Ukraine, opposes the construction of the Nord Stream-2 gas pipeline, stated Polish President Andrzej Duda.

    "Poland's position on the Nord Stream-2 issue is unchanged. We are absolutely against this investment. We believe that it violates European norms, that it is against the interests of the European Union, and here our positions (with Ukraine - IF) are unequivocal from the very beginning, identical, and unchanged," Duda stated at a joint briefing with Ukrainian President Petro …