Oil and gas flows aren’t likely to be significantly impacted from the tensions building in Ukraine, according to Goldman Sachs Group Inc. The bank’s base case is “no disruption,” Jeff Currie, Goldman’s global head of commodities research, said in a Bloomberg TV interview with Shery Ahn and Paul Allen. Sanctions …
Read More »Germany Threatens to Take Measures against Russian Pipeline in Case of Escalation in Ukraine
If there is a further escalation from Russia in Ukraine, Berlin together with its partners “will take joint suitable measures” against the Nord Stream II gas pipeline, Germany’s foreign minister warned on Monday. Speaking at a news conference in the capital Kyiv after meeting with her Ukrainian counterpart Dmytro Kuleba, …
Read More »Ukraine may have to Siphon off Russian Gas from Transit Pipelines
Under the pessimistic scenario Ukraine may face gas import problems during this heating season and will have to siphon off Russian gas from the transit pipeline, the former head of the Naftogaz company, Andrey Kobolev, has said. “Ukraine is unable to do without considerable amounts imported gas in the first …
Read More »Germany Warns Nord Stream won’t Operate if Russia-Ukraine Tensions Escalate
Germany has said the Nord Stream 2 gas pipeline from Russia will not be allowed to operate in the event of any new “escalation” in Ukraine, under an agreement between Berlin and Washington. “In the event of further escalation this gas pipeline could not come into service,” Germany’s new Foreign …
Read More »US Eyes NordStream Pipeline as Russian Pressure Point over Ukraine
In the showdown over Russia’s implicit threat to invade Ukraine, the United States and European allies are eyeing what they see is a major vulnerability for Moscow — the just-completed Nord Stream 2 pipeline to carry natural gas to Europe. US officials made clear Tuesday after President Joe Biden’s two-hour …
Read More »Germany’s Future Vice-Chancellor Slams Nord Stream 2 as Project to Pressure Ukraine
Germany’s new government will have to “take another look” at the controversial Nord Stream 2 gas pipeline because it’s a “strategic project” aimed at putting Ukraine under pressure, the incoming German vice-chancellor has claimed. Speaking to Munich-based daily Süddeutsche Zeitung, Robert Habeck explained his belief that the pipeline was “never …
Read More »Merkel in Warsaw Reaffirmed Support for Ukraine’s Role as Gas Transit Country
German Chancellor Angela Merkel tried to soothe fears over the Nord Stream 2 gas pipeline and reaffirmed support for Ukraine’s role as a gas transit country. In particular, this was discussed during a joint press conference between Merkel and Polish Prime Minister Mateusz Morawiecki, Reuters reports. “I made clear that …
Read More »Nord Stream 2 Construction Completed, but Ukraine Pledges to Continue Fight
Ukraine has said it will continue to fight against the Nord Stream 2 after Russia announced the gas pipeline was completed. The Kremlin said the pipeline, which runs from Russia to Germany, should be put into operation “as soon as possible”. The controversial project, which began in April 2018, has …
Read More »Putin Says Russia Intends to Maintain Gas Transit via Ukraine after 2024
Russian President Vladimir Putin said Moscow is ready to maintain gas supplies to Europe through Ukraine after the current gas transit contract ends in 2024. The remarks came during German Chancellor Angela Merkel’s trip to Moscow, which is likely to be the last in her capacity as chancellor as she …
Read More »Merkel Says Russia-Ukraine Transit Accord Must Be Extended
Chancellor Angela Merkel reinforced her pledge to ensure Russian gas flows through Ukraine, an economic lifeline for the former Soviet republic threatened by the Nord Stream 2 gas pipeline linking Russia to Germany. A gas-transit accord between Russia and Ukraine must be extended “as quickly as possible,” Merkel said at …
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