Tag Archives: Sputnik

Earlier this week, the price of gas futures in Europe broke a new record, exceeding $1,900 per 1,000 cubic metres, before falling by $740 and temporarily stabilising at about $1,198. The already strained European gas markets may become more volatile next week, when bad weather is expected to increase demand …

Europe’s energy ministers have joined forces to establish a plan that will reduce their dependence on foreign gas and purchase supplies as a bloc as part of a larger effort to combat Russia’s stake in the highly-coveted resource. The plan is to purchase strategic gas reserves as a bloc with …

The Nord Stream 2 gas pipeline project will likely be completed this month, Rainer Seele, the head of the Austrian oil giant OMV, told the Russian Vedomosti newspaper. Asked when construction will be finished, Seele said “next week,” adding that gas could start flowing before the end of 2021. Kremlin …

Pakistan’s Foreign Minister Shah Mahmood Qureshi reiterated on Thursday his country’s commitment to cooperation with Turkmenistan, including on the construction of a major regional pipeline and enhancing security in Afghanistan. “Pleased to call on President [of Turkmenistan] #GurbangulyBerdimukhammedov today in Ashgabat. I reiterated Pakistan’s commitment to enhance our economic connect …

Norway has long been one of the world’s leaders in exports of energy resources. While over the decades, the oil and gas revenues have been the foundation for the so-called Oil Fund, the world’s largest sovereign wealth fund, demands for a complete halt in oil and gas exploration have of …

Germany and the United States have advanced in negotiations on the Nord Stream 2 gas pipeline project, German Foreign Minister Heiko Maas said on Wednesday. “In recent weeks, a lot of preliminary work has been done, and I believe that our positions have become closer on many points”, Maas said, …

The return of Iranian oil to the world market needs to be taken into account, but first, there has to be an understanding of the exact schedule and volume limits, Russian Deputy Prime Minister Alexander Novak told Sputnik. “Of course, this must be taken into account. Because it affects the …

Russian gas supplies through Ukraine will continue as long as relevant contracts are in force, as Moscow does not pursue the goal of suspending the supplies after commissioning the Nord Stream 2 pipeline, Russian Foreign Ministry’s Department of Economic Cooperation Director Dmitry Birichevsky said in an interview with Sputnik. “The …

Previously, a lawsuit filed by the German environmental charity Nabu against the construction of the gas pipeline halted the issuance of the work permit by the Federal Maritime and Hydrographic Agency, but it later said the work could continue in May. Despite pressure from the US, Russia’s Fortuna vessel has …

On Wednesday, US State Department Principal Deputy Spokesperson Jalina Porter signalled the Biden administration’s readiness to use all available tools to try and prevent the completion of Russia’s Nord Stream 2 gas-exporting pipeline. A German lawmaker has urged Berlin to initiate countermeasures against the US over the Nord Stream 2 …