Contents tagged with Nord Stream

  • U.S. expands sanctions against Nord Stream 2

    The U.S. Department of State has expanded sanctions against the Nord Stream 2 pipeline, which is intended to transport Russian gas to Germany.

    Sanctions imposed late last year halted construction of the $10.5 billion pipeline. The sanctions affected the pipe-laying vessels for Nord Stream-2. To date, about 160 kilometers of pipeline on the bottom of the Baltic Sea remain to be laid to complete the project.

    The updated Protecting Europe’s Energy Security Act (PEESA) expands these restrictive …

  • Gazprom accuses the U.S. of trying to oust Russia from EU gas market

    Threats of sanctions from Washington against the Nord Stream 2 project are nothing more than attempts to oust Russia out of the European gas market usig non-market instruments, stated the head of Gazprom Export (Gazprom's subsidiary) Elena Burmistrova, speaking at the Flame online conference.

    "Unfortunately, there is an additional threat that is increasingly affecting our cooperation - a political confrontation in general and, in particular, the threat of U.S. sanctions against Nord Stream 2," …

  • Poland fines Gazprom $7.6 billion for Nord Stream 2

    Poland's Office of Competition and Consumer Protection (UOKiK) imposed maximum fines of $7.6 billion and $61 million respectively on Gazprom and five other companies for the construction of the Nord Stream 2 gas pipeline without its consent, reported the Polish antitrust regulator on Twitter.

    The regulator also ordered the termination of contracts for financing the construction.

    "Gazprom can appeal this decision in two instances of the administrative courts of Poland, then in the Supreme …

  • U.S. assembles coalition against Nord Stream 2

    The United States intends to form a coalition to prevent the completion of the Nord Stream 2 gas pipeline, said the U.S. Secretary of State Michael Pompeo in an interview with Bild.

    "The United States believes that the Nord Stream 2 gas pipeline poses a risk to Europe, as it makes it dependent on gas coming from Russia, as well as threatens Ukraine. We hope that the Nord Stream 2 gas pipeline will not be completed, we are working to create a coalition to prevent this from happening," said the …

  • European Commission President: hope for completing Nord Stream 2 is fading

    The EU's relations with Russia in connection with the construction of the Nord Stream-2 gas pipeline are unlikely to improve in the future. Therefore, the approach to this project should be changed, said the head of the European Commission (EC) Ursula von der Leyen, reports the newspaper Les Echos.

    "Russia's behavior has not improved and even tends to worsen. Our hope for further progress with this pipeline is fading," she explained.

    Therefore, the attitude towards Nord Stream 2, which used …

  • Germany offers U.S. a deal in exchange for lifting sanctions against Nord Stream 2

    The German government offered the United States a billion-dollar deal in exchange for lifting sanctions against the Nord Stream 2 project. Berlin has expressed readiness to invest up to 1 billion euros in the construction of two terminals for American liquefied natural gas, reported Die Zeit, citing sources. "In exchange, the United States will allow the smooth completion and operation of Nord Stream 2," said a letter from German Vice Chancellor and Finance Minister Olaf Scholz sent on August 7 …

  • Denmark calls for new discussion on Nord Stream 2

    Danish Prime Minister Mette Frederiksen has proposed a new discussion on the Nord Stream-2 gas pipeline after the poisoning of Russian opposition leader Alexei Navalny, reported the Danish TV and Radio Corporation DR.

    "I've been against North Stream 2 all along. I believe that we should not become dependent on Russian gas. It would be nice if we could start a new discussion on this issue," Frederiksen said.

    She welcomed the fact that German Chancellor Angela Merkel is now more critical of …

  • Germany considers imposing sanctions against Nord Stream 2 in response to Navalny's poisoning

    German authorities are considering the suspension of the construction of Nord Stream-2 gas pipeline in response to the poisoning of Russian opposition leader Alexei Navalny. The final decision depends on Russia's actions, said the German Foreign Minister Heiko Maas on air of the TV channel ZDF.

    "We will put all options on the agenda and make a decision at the right time," Maas said.

    According to Maas, if Russia takes part in the investigation of the incident, Germany can refrain from such …

  • Poland calls on Germany to stop construction of Nord Stream 2

    On Wednesday, Polish Prime Minister Mateusz Morawiecki called on Germany to halt the construction of the Nord Stream 2 gas pipeline, as Warsaw sees it as a threat to the stability of the region.

    The Nord Stream 2 underwater pipeline, which is expected to deliver gas from Russia to Germany, has been 90 percent completed. It is scheduled to be commissioned next year, but German politicians have said they may withdraw support for the project after the alleged poisoning of the leading Kremlin …

  • Merkel decides to no longer defend Nord Stream 2

    The poisoning of Alexei Navalny, who, according to Germany, was poisoned by a Soviet-era nerve agent Novichok, seems to put an end to the North Stream-2 gas pipeline, which cost 10 billion euros and was stopped by U.S. sanctions.

    German Chancellor Angela Merkel, who for years defended the pipeline from attacks by the United States and Eastern European countries, abandoned her unequivocal position.

    Berlin will not decide on its own the fate of the project, which was half paid for by European …