Contents tagged with Nord Stream

  • Russia's Gazprom loses German court appeal to use 100 percent of Nord Stream 2 capacity

    As Russian officials celebrated the opportunity to complete the Nord Stream 2 pipeline, Russia’s gas giant Gazprom was defeated in a key dispute over the future of the project.

    On Wednesday, the Dusseldorf Higher Regional Court rejected the appeal of Nord Stream AG against the decision of the Federal Network Agency of Germany, which refused to remove the gas pipeline from the regulations of the third EU energy package of the EU.

    The Swiss-based Nord Stream AG, a 100 percent subsidiary of the …

  • Merkel: Europe will completely abandon Russian gas in 25 years

    EU countries will completely abandon gas imports from Russia within 25 years, said German Chancellor Angela Merkel after meeting with Ukrainian President Volodymyr Zelensky.

    According to Merkel, moving away from gas is necessary for the implementation of the policy of climate neutrality adopted by the European Union.

    "At the latest in 25 years, gas from Russia to Europe will not be exported at all or in much smaller volumes," Merkel warned. It is necessary that not only Moscow but also Kyiv …

  • Ukrainian President: likelihood remains that Nord Stream 2 will not be launched

    Ukraine should use the time required to launch the Nord Stream 2 gas pipeline to protect its interests and energy security, said Ukrainian President Volodymyr Zelensky in an interview with the journalists from Washington Post, Liberation, Funke Media, NV and Novaya Gazeta.

    Zelensky noted that Nord Stream 2 is among the priorities on the agenda of his meeting with US President Joseph Biden in Washington.

    "It still has a long way to go, even if 1% of the work remains until the full completion …

  • Gas prices in Europe tumble as Russia’s Gazprom promises to launch Nord Stream 2 this year

    The European gas prices, which have soared by 200% since the beginning of the year, have tumbled.

    Gas futures on the ICE exchange fell by almost 10% after the Russian gas giant Gazprom announced the launch of Nord Stream-2 this year.

    September contracts pegged to spot quotes of the EU's largest gas hub TTF in the Netherlands are trading at around $504.8 per thousand cubic meters, although at the beginning of the week they were at more than $ 570.

    At the moment, the quotes fell below of $500, …

  • Poland: Nord Stream 2 will help Russia to further arm itself

    Polish Prime Minister Mateusz Morawiecki said he disagreed with the position of the United States and Germany on the issue of the Nord Stream-2 gas pipeline. 

    The head of the Polish government noted that Poland's allies, including Germany and the United States, "selfishly approached the issue of building this gas pipeline." Morawiecki stressed that earlier Poland insisted that the implementation of this project "helps to arm Russia."

    "Russia is a state that is very heavily armed, has many …

  • Kremlin: Putin praised Merkel for consistently pursuing completion of Nord Stream 2

    The Kremlin press service said that Russian President Vladimir Putin and German Chancellor Angela Merkel are satisfied with the construction of the Nord Stream-2 gas pipeline.

    In turn, Merkel’s press service said that the Chancellor spoke to Putin over the phone about  the construction of Nord stream-2 and the transit of gas through Ukraine.

    Angela Merkel told Putin that the situation around Nord Stream 2 was discussed during the talks with the U.S. President Joe Biden.

    At the same time, the …

  • Ukraine and Poland vow to jointly fight against Nord Stream 2

    Ukraine and Poland will work together with their allies and partners to counter the launch of Nord Stream 2 until solutions are developed to overcome the security crisis, support countries in their aspirations to become members of Western democratic institutions and minimize threats to peace and energy security, reads a joint statement by the Ukrainian Foreign Minister Dmytro Kuleba and Polish Foreign Minister Zbigniew Rau, published on the website of the Ukrainian Foreign Ministry.

    The …

  • Merkel and Biden talks on Nord Stream 2 produce no results

    Negotiations between the United States and Germany on a possible deal on the Nord Stream 2 project remain hanging in the air. The dialogue that started in the spring at the level of advisers reached the heads of states, but even then, the progress could not be achieved.

    Angela Merkel's recent visit to Washington for talks with U.S. President Joe Biden did not bring a breakthrough, Reuters reported.

    Merkel stated that there are disagreements on the essence and future of the project.

    "We have …

  • U.S. promises to continue imposing sanctions against Nord Stream 2

    The U.S. administration intends to continue imposing sanctions against Nord Stream 2. Such actions should demonstrate that the United States continues to oppose this project, said the U.S. Department of State spokesman, Ned Price.

    "We will continue to impose restrictive measures against individuals and companies whose activities are subject to such sanctions. In this way we will demonstrate that we oppose this gas pipeline," he said at the briefing.

    At the same time, according to Price, the U. …

  • Russia promises to complete Nord Stream 2 this year

    Russian Deputy Prime Minister Alexander Novak said that the Nord Stream 2 pipeline will be fully completed by the end of 2021, TASS reports.

    According to Novak, the construction is proceeding according to schedule, and if there are no new obstacles, the pipeline can be put into operation by the end of 2021.

    Novak's words were indirectly confirmed by the CEO of the Austrian energy company, OMV Group, Reiner Seele. Speaking at St. Petersburg International Economic Forum, he said that only 50 km …