Contents tagged with Gazprom
Russian Foreign Minister Sergey Lavrov said that the Nord Stream 2 gas pipeline will start working in a few days.
"It will be completed in a few days and will start working," Interfax quoted Lavrov as saying.
Lavrov said that the United States is obsessed with the idea of blocking the project but will not be able to stop it.
"The Biden administration has not changed its position. They are still against this project, but they understand that it cannot be stopped. But if you understand that …
Gazprom must sell the Nord Stream 2 gas pipeline to comply with European competition standards. This view is shared by the European Commission, reports Frankfurter Allgemeine Zeitung, citing officials in Brussels.
The EU Third Energy Package prohibits the same company from being both a gas supplier and the owner of the pipeline. In the case of Nord Stream 2, Russian gas giant Gazprom may not be able to use more than half of the gas pipeline's capacity.
Having lost the court appeal to exclude …
The European gas prices, which have soared by 200% since the beginning of the year, have tumbled.
Gas futures on the ICE exchange fell by almost 10% after the Russian gas giant Gazprom announced the launch of Nord Stream-2 this year.
September contracts pegged to spot quotes of the EU's largest gas hub TTF in the Netherlands are trading at around $504.8 per thousand cubic meters, although at the beginning of the week they were at more than $ 570.
At the moment, the quotes fell below of $500, …
Gas price in Europe continues to reach new highs and is rapidly approaching $600 per thousand cubic meters.
On Monday, October gas futures on the ICE exchange jumped by 8% and reached $588 per thousand cubic meters.
Contracts pegged to the quotes of the EU's largest gas hub, TTF, are trading at around $584.5 per thousand cubic meters, up 6.7% for the day, 12% since the beginning of August and 195% since the beginning of the year.
Amid the new rally, Ukraine put up for action additional …
Gas prices in Europe, after a month of respite, are soaring again. On Thursday, the cost of gas futures on the London ICE exchange exceeded $ 500 per thousand cubic meters amid growing demand, a shortage of LNG supplies and Gazprom's refusal to increase transit through Ukraine.
Contracts for August, pegged to the price of gas at the EU's largest hub TTF, reached $501 per thousand cubic meters (€40.87 per thousand kWh), showing an increase of 3% per day and 10% since the beginning of the week. …
Russian gas giant Gazprom has received a new blow in the European gas market, which left the Russian company without a third of the capacity of its key pipeline to the EU.
The European Court of Justice rejected Germany's appeal and supported Poland's position to limit Gazprom’s allowed capacity of the OPAL gas pipeline, which connects Nord Stream 1 with the gas transmission system of Central and Western Europe by 50%.
"In accordance with the EU treaties, EU energy policy is designed - in the …
The first phase of the Nord Stream-2 pipeline has been completed, announced Russian President Vladimir Putin during a speech at St. Petersburg International Economic Forum.
"I am pleased to report that today, two and a half hours ago, the laying of the pipes of the first line of the Nord Stream-2 gas pipeline was successfully completed . Work on the second line continues. The construction in its entirety, including the maritime section, is finished," Putin said.
Earlier, the Russian Energy …
Russian President Vladimir Putin's spokesman Dmitry Peskov said that Russia does not intend to stop gas transit to Europe through Ukraine.
"Russia and Ukraine have concluded a gas transit agreement to Europe, this agreement will remain in force for its entire term. But even after the expiration of this agreement, Russia does not intend to abandon Ukrainian transit," Peskov said.
Peskov noted that Putin assumes that in the future the volume of gas supplies to Europe will grow, and Ukrainian …
The permit for the construction of Nord Stream 2 in Germany economic zone in the Baltic Sea has been suspended, reports Interfax citing German Federal Maritime and Hydrographic Agency (BSH).
The permit, which was in effect until the end of May and applies to a 16-kilometer stretch of pipeline under construction, has been suspended due to a lawsuit filed by environmentalists, said a representative of BSH.
In April, Germany's Nature and Biodiversity Conservation Union (NABU) tried to challenge …
U.S. Senators Robert Menendez (New Jersey) and Jeanne Shaheen (from New Hampshire) sent a letter to Secretary of State Antony Blinken calling for accelerated imposition of new sanctions against the Nord Stream 2 pipeline.
"This pipeline must be stopped, and your leadership is required towards that end. We urge that the effort to build strong Nord Stream 2 sanctions packages be accelerated to meet the urgency of the moment," the Senators said in a letter.
On March 18, the U.S. State Department …