Contents tagged with Nord Stream

  • Russia announces Nord Stream 2 launch time

    Russian Deputy Prime Minister Dmitry Kozak said that the Nord Stream 2 gas pipeline will become operational "in the middle of the next year [2020]," without specifying the exact month, reports TASS.

    Earlier, Russian Energy Minister Alexander Novak reported that gas supplies through the Nord Stream 2 pipeline could begin before the end of 2019. "Depending on the schedule of this project, we will decide when the construction of the pipeline can be continued," said Novak.

    On November 13, the …

  • Russia’s Gazprom sues EU for loss of Nord Stream 2 capacity

    Nord Stream 2 AG, the Swiss subsidiary of the Russian company Gazprom, has taken the EU government to court regarding the gas legislation amendments that prohibit the Russian company from using more than 50% of the capacity of the Nord Stream 2 gas pipeline.

    As reported by Interfax, Gazprom informed potential investors about the start of the litigation through a memorandum on the placement of Swiss franc-denominated eurobonds that is scheduled to take place in mid November.

    Gazprom believes …

  • Ukraine finds a way to block Nord Stream 2

    Kyiv has threatened to dispute the amendments made by members of Germany’s ruling coalition to the EU’s new gas directive which, once adopted, will allow the Nord Stream 2 gas pipeline to bypass the restrictions. Ukraine’s trade representative, Deputy Minister of Economic Development, Trade and Agriculture Taras Kachka, warned about this yesterday.

    According to him, such an initiative will lead to lengthy legal procedures, which will block the operation of the Russian pipeline, Interfax …

  • Ukraine offers Estonia to join forces in opposing Nord Stream 2 pipeline

    Ukrainian Prime Minister Oleksiy Honcharuk offered the Estonian Foreign Minister Urmas Reinsalu to intensify opposition to the development of the Nord Stream 2 gas pipeline in a coordinated manner, reports the press service of the Ukrainian Cabinet of Ministers.

    Honcharuk said that "it is critical that the EU member states would explain to their citizens the negative effects of the Nord Stream 2 construction project on European energy security." In response, Reinsalu noted the importance of …

  • Russia offers to share Nord Stream 2 gas transit profit with Europe

    At the recent trilateral talks on gas transit through Ukraine, the Russian delegation brought up the topic of authorization for the completion of the Nord Stream 2 gas pipeline, Naftogaz CEO Andriy Kobolyev wrote in a Facebook post.

    “This issue was brought up in a bilateral format, where the Ukrainian party was not present. However, as sources from the European Commission told me, there was one interesting point among Gazprom’s arguments: Our project is not only purely commercial, it is …

  • US Senate committee backs sanctions on Nord Stream 2

    The US Senate Committee on Foreign Relations has approved a bill to impose sanctions on companies involved in the construction of Nord Stream 2, announced Hanna Hopko, head of the Foreign Affairs Committee of Ukraine’s Verkhovna Rada.

    “The Senate committee has supported the sanctions against Nord Stream 2 with a score of 20:2 in our favor. I will remind you that these same sanctions will stop the Turkish Stream in the part of it that harms our transit, if it is built,” she wrote on Facebook. …

  • Poroshenko: Kyiv offered German companies to manage Ukrainian gas transportation system

    Ukraine continues its struggle to halt the construction of the Nord Stream 2 pipeline said President of Ukraine, Petro Poroshenko, at a briefing with Angela Merkel, reports Interfax-Ukraine.

    The President of Ukraine noted that the Nord Stream 2 is not a new topic in discussions between the European Union, Germany and Ukraine.

    “We firmly declare that we continue our fight to halt the construction of Nord Stream 2 inviting German companies to participate in the management of the Ukrainian gas …

  • Ukrainian President: Nord Stream is Kremlin’s Trojan horse to European energy security

    President Petro Poroshenko believes that the Russian gas pipeline Nord Stream 2 is Kremlin’s Trojan horse to the European energy and geopolitical security.

    “The refusal to implement the project within the Third Energy Package of the EU and Gazprom’s and intentional failure to carry out decisions of the Stockholm Arbitration Court on Ukraine’s cases are clear and unambiguous signals of the true meaning of the pipeline and its potentially catastrophic consequences for the European Union,” …

  • Gazprom announces record-breaking deliveries through Nord Stream

    For three consecutive days, Gazprom has been reaching new records in volumes of gas transported through the Nord Stream pipeline, at a level of 165.5 million cubic meters per day, according to a statement from the company, reports.

    "Under the conditions of an increased demand for gas in Europe, Gazprom, for three consecutive days – January 4, 5 and 6, has been reaching new record volumes of gas sent through the Nord Stream pipeline, at 165.2 million cubic meters per day," the …