Head of Germany’ European People’s Party (EPP) Manfred Weber has urged to put to a halt the construction of Russia’s Nord Stream 2 gas pipeline if situation near the borders of Ukraine further aggravates. Thus, the European Union should send an “unequivocal message” to Moscow, the legislator told Redaktionsnetzwerk Deutschland …
Read More »U.S. Sanction Threats Force Danish Firm Out of Nord Stream 2
The prospect of severe U.S. sanctions led the consulting firm Rambøll to withdraw from Russia’s controversial natural gas project Nord Stream 2. In the last phase of the Nord Stream 2 project, the Rambøll consultancy eventually bowed to the threat of U.S. sanctions, Politiken reports. On the Nord Stream 2 …
Read More »U.S. Tells European Companies They Face Sanctions Risk on Nord Stream 2 Pipeline
The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We …
Read More »Norway Firm Refuses to Certify Russia’s Nord Stream 2 over New U.S. Sanctions
Norway’s risk management and quality assurance firm DNV GL has refused to certify Russia’s Nord Stream 2 gas pipeline when its construction is completed over new U.S. sanctions. According to the current situation, DNV GL cannot issue a certificate upon completion of the pipeline construction, the Russian news agency RBC …
Read More »Nord Stream 2 Pipelaying in German Waters Completed
In Germany’s exclusive maritime economic zone, the section of Russia’s Nord Stream 2 gas pipeline has been completed. That’s according to dpa agency’s report of December 28. The pipes were laid on a 2.6 km section at a 30-meter depth. Russian pipelayer Fortuna was involved in relevant works. Noteworthy, the …
Read More »Oil Climbs after Sharp Drop in U.S. Crude Stocks, OPEC Committee Meeting in Focus
Oil prices rose on Wednesday following a sharp drop in U.S. crude inventories, with the market waiting for next steps from a meeting later in the day on the future level of output cuts by OPEC and its allies. Brent crude LCOc1 futures were up 19 cents, or 0.4%, at …
Read More »Russia not to be Able to Complete Nord Stream 2 Construction on Its Own
The Nord Stream 2 project will connect Russia'.s Ust-Lug and Germany'.s Greifswald.
Read More »Greece. Israel. Cyprus Sign EastMed Gas Pipeline Deal
The region lacks significant oil and gas infrastructure.
Read More »Oil Rises over 1% on Hopes for Deeper OPEC Cuts. Chinese Factory Growth
OPEC'.s ministers will meet in Vienna on December 5 and the wider OPEC+ group will meet on December 6.
Read More »Brussels will Host Gas Transit Talks of Europe. Ukraine. Russia on Oct 28
Previous political trilateral talks took place on July 17. 2018. on January 21. 2019. and on September 19. 2019.
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