Contents tagged with Nord Stream - 2

  • Biden: Nord Stream 2 is bad for Europe

    The Vice-President of the USA, Joe Biden, said that Washington is convinced that the construction of the Russian gas pipeline project "Nord Stream 2" is a bad thing for Europe.

    "This will allow Russia to destabilize Ukraine,” Biden said on the 25th of August, 2016 in Stockholm, adding that Europe needs to diversify its sources of gas supply. "No country should use energy as a weapon," Biden said appealing to Russia.

    Nord Stream 2 is a gas pipeline under construction that is intended to …

  • Gazprom decided to withdraw from Nord Stream-2 joint venture

    Gazprom, Shell, Uniper and Wintershall, which are all part of a consortium for the construction of Nord Stream 2 have withdrawn their application to create a joint venture. The group had already submitted the application to the Polish antimonopoly agency, as reported in the companies’ statement.

    This decision will not affect the gas pipeline project, the report says. It also will not affect the Nord Stream 2 construction schedule.

    The project will be implemented by a Swiss-registered Nord …

  • Groysman: Ukraine insists on using its own gas transport system instead of Nord Stream 2

    Ukraine offers to use its gas transport system as an alternative to the Nord Stream-2 project, the Prime Minister, Vladimir Groysman, said in an interview with Ukrainian media.

    "The task now is diversification [of gas supplies to Europe]. And I think the capacity of Ukraine has to be utilized to its fullest. I believe it makes a lot of sense," he said. Groysman believes that the Russian gas pipeline project Nord Stream-2, which would pass to Europe while bypassing Ukraine, is a threat to the …

  • Media: Germany and Russia continue Nord Stream 2 project despite protests by Ukraine

    The gas pipeline project, Nord Stream-2, is gradually being implemented, despite protests by Ukraine, the Baltic countries and Poland, Sueddeutsche Zeitung reported.

    “The pipes that were ordered have been delivered and the tender request for the pipe laying has been made. This has all been done with the approval of the German government and despite the sanctions against Russia,” Radio Poland quoted the German newspaper as saying.

    According to the newspaper, intensive preparations for the …

  • Germany will support the Nord Stream II project under three conditions

    Germany will support the Nord Stream II gas pipeline project on three conditions, Bloomberg reports, quoting Minister of Economy and Energy of Germany Sigmar Gabriel. Gabriel made the statement in anticipation of a meeting with a member of the European Commission for Energy, Miguel Arias Cañete.

    "Germany has set three conditions for the project to happen. Nord Stream must meet the requirements of the law, does not threaten the transit of gas through Ukraine, and will not limit gas supplies to …

  • The EU wants Ukraine to remain a gas transit country

    The European Commission is ready to facilitate a new transit agreement between Russia and Ukraine

    As was stated by the EU Climate and Energy Commissioner, Miguel Arias Cañete, the European Union believes that Ukraine needs to remain a gas transit corridor, RIA Novosti reports.

    "Despite the economic and political challenges, Ukraine continues to be a reliable gas partner and a transit country. It is in the interest of all parties, including the Central and Eastern European countries, that …

  • MEP heavily criticizes Nord Stream-2

    Manfred Weber, the leader of the largest European People’s Party, heavily criticized the construction plans for the gas pipeline Nord Stream-2. The Financial Times reported on May 2nd that Weber wrote about this in his letter to the German Minister for Economic Affairs and Energy, Sigmar Gabriel, and European Commissioner for Climate Action and Energy, Miguel Arias Cañete.

    Weber claims that the construction of the gas pipeline runs counter to foreign-policy goals of the European Union as it …

  • EU Commissioner of Energy doubts the necessity of Nord Stream II

    The European Union doubts the economical necessity of Gazprom’s Nord Stream II project, as stated by the European Commissioner for Energy, Maroš Šefčovič, during the Ukrainian Energy Forum, as reported by a European Pravda correspondent.

    “It is a private project which provides for the expansion of Russian gas transit through the Baltic Sea. However, why does the European Union need the additional gas transit capacity if the current gas transportation system is only running at 50% capacity? …

  • EC wants access to Gazprom's contracts with European companies

    In an effort to enhance cooperation on the energy market, the European Commission (EC) is seeking to study the contracts between Russia and European companies with regard to gas supplies.  In the future, contracts longer than one year should be automatically disclosed to the EC if they are critical for ensuring gas supply to the European Union (EU).  

    This legislative initiative was proposed by officials in Brussels on the 16th of February.  The European Energy Commissioner, Miguel Arias …

  • Italian Construction Company Files Lawsuit against Gazprom

    A lawsuit against a subsidiary of the Russian energy giant Gazprom was filed by an Italian construction company.

    The Italian company, Saipem S.p.A., filed a lawsuit against a subsidiary of the Russian company Gazprom - South Stream Transport B.V. The claim, worth about 759 million Euros, was sent to the International Chamber of Commerce in Paris, as reported on the RBC website on Sunday.

    According to RBC, the lawsuit was filed on November 10th, 2015, and became the first major lawsuit against …