Contents tagged with Nord Stream

  • European gas prices soar as Germany refuses to certify Nord Stream 2

    The European gas market is facing a threat of a new price shock after Germany refused to certify the Nord Stream-2 pipeline and demanded that the operator re-start the 4-month process and relocate assets and personnel related to the German section of the pipeline to Germany.

    Germany's Federal Network Agency (Bundesnetzagentur) announced it was suspending certification of the Nord Stream 2 gas pipeline.

    The regulator of the German gas market said it believes that the operator of the pipeline, …

  • Der Spiegel: Germany ignored Poland's position on Nord Stream 2

    The German Federal Ministry for Economic Affairs and Energy did not take into account Poland's position in its assessment for the certification of the Russian Nord Stream-2 gas pipeline, Der Spiegel reports.

    At the end of October, the Ministry sent to the German Federal Network Agency (the regulatory office for energy sector) an analysis of the reliability of gas supplies. It said that the issuance of the certificate "does not jeopardize the security of gas supplies to Germany and the European …

  • Ukraine submits application to take part in Nord Stream 2 certification

    The Ukrainian national gas pipelines operator Transmission System Operator of Ukraine (Gas TSO of Ukraine) filed an application for participation in the certification of Nord stream – 2, said the company’s general director Sergiy Makogon, stressing that the Russian gas pipeline threatens Ukraine’s national security.

    The company said in a press release that Nord Stream 2 is not aimed at diversifying gas transportation routes. Moreover, the new pipe threatens the security of the gas supply to …

  • Russia puts forth conditions for increasing gas supplies to EU

    Russian authorities are pushing for new long-term contracts with Gazprom to boost gas supplies and cool the European market, where prices have soared above $1900 per thousand cubic meters and storage reserves are at historic lows.

    Russia already supplies the maximum possible volumes as part of the existing contracts, said Russian presidential spokesman Dmitry Peskov.

    Contractual obligations are fulfilled "impeccably" and "at the top level", he stressed, adding that the supply of additional …

  • Putin: European leadership is responsible for soaring gas prices

    Responsibility for the situation in the European gas market, where prices have soared by 600% since the beginning of the year, and on Wednesday approached $ 2,000 per thousand cubic meters, lies on officials of the European Commission, said Russian President Vladimir Putin.

    "The practice of our European partners once again showed that, in fact, they made mistakes. We spoke with the European Commission of the previous composition. All its activities were aimed at curtailing the so-called long- …

  • European Parliament: Nord Stream 2 must not be certified

    Members of the European Parliament responsible for the development of the current EU gas legislation sent a letter to the German gas market regulator urging it not to certify the Nord Stream-2 gas pipeline.

    According to Bloomberg, MEPs are confident that the project does not meet the key requirement of the third energy package, namely, prohibiting one company to be both the owner of the pipeline and the gas supplier.

    Nord Stream 2 AG, the construction operator and owner of the pipeline laid …

  • Poland to take part in Nord Stream 2 certification

    The Polish oil and gas company PGNiG received the right to participate in the certification of the Nord Stream 2 gas pipeline, the company said in a statement.

    "The German Federal Network Agency (Bundesnetzagentur, BNetzA) has granted Polskie Górnictwo Naftowe i Gazownictwo SA and its German subsidiary - PGNiG Supply & Trading GmbH participation in the certification proceedings for Nord Stream 2," the statement reads.

    The Polish side argues that Nord Stream 2 does not meet the formal …

  • European gas prices soar after Russia’s Gazprom reduces deliveries through Poland

    The European gas market after a short respite has soared again. On Monday, gas futures linked to spot prices at the Dutch TTF hub jumped by 13% and exceeded $ 900 per thousand cubic meters after the Russian gas giant Gazprom decided to drastically reduce gas deliveries through Poland and refused to book additional transit capacity through Ukraine.

    At the last gas transit auction of the European GSA Platform, Gazprom booked only 31.4 million cubic meters per day through the Polish branch of the …

  • Russia’s Gazprom claims Nord Stream 2 construction has been completed

    According to the press service of Gazprom, by the chairman of the company's board Alexei Miller announced at the morning operational meeting that the construction of the Nord Stream 2 gas pipeline has been fully completed.

    According to Miller, the construction that lasted three years was completed on Friday, September 10, at 8.45 Moscow time.

    According to Bloomberg, Gazprom plans to start supplying gas through the first line of the pipeline from October 1, and through both lines - from …

  • Russian Foreign Minister: Nord Stream 2 will be completed in a few days

    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 …