Contents tagged with Nord Stream 2

  • Sweden approves the construction of Nord Stream 2 pipleline

    The Swedish government approved the construction of the Nord Stream 2 gas pipeline in its waters, the Minister of Entrepreneurship and Innovation of Sweden, Mikael Damberg stated at a special briefing, Interfax-Ukraine reports.

    Earlier, Germany and Finland issued all the necessary permits for the construction and operation of the pipeline. Other countries along the pipeline route—Russia, Sweden and Denmark—were also expected to issue permits.

    The Nord Stream 2 gas pipeline will run through …

  • Putin expresses readiness to maintain gas transit through Ukraine after Nord Stream-2 is launched

    Russian President Vladimir Putin stated that the Russian Federation is ready to maintain the transit of exported gas through Ukraine following the completion of the Nord Stream-2 gas pipeline’s construction, RBC news agency reports. During a meeting with Bulgarian Prime Minister Boyko Borisov on Wednesday, May 30, Putin refused to estimate the gas volumes that can be simultaneously transported through the new gas pipeline and the Ukrainian gas transport system. 

    “It is a question of how much …

  • Switzerland starts seizing Gazprom assets

    Naftogaz Ukraine has begun the procedure of exacting from Gazprom a fine of $4.6 billion, which was awarded to the Ukrainian company in February 2018 by the Arbitration Institute of the Stockholm Chamber of Commerce.

    The first to be hit were the Russian company’s assets in Switzerland, where the companies Nord Stream AG and Nord Stream 2 AG are registered. The first company oversees the Nord Stream and is 51% owned by Gazprom, the second belongs to Gazprom completely, and is constructing the …

  • US Ambassador to Germany: Nord Stream-2 is not in Europe's interests

    US Ambassador to Germany Richard Grenell criticized the Nord Stream 2 project during an interview with Funke Mediengruppe.

    He stated that many in Germany are concerned about the implementation of the pipeline project. "It's about Russian influence," said the Ambassador.

    Grenell added that the US is working closely with Europeans who share the US’ concerns. According to the diplomat, the current pipeline construction strategy is "very problematic."

    Margrethe Vestager, European Commissioner …

  • 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 …