Fortuna News

 

TIMELINE- Nord Stream 2: Gazprom's Legal Battle to Boost Gas Supplies to Germany

Oct 05, 2021

Russia's Gazprom said on Tuesday it has appealed a court decision that confirmed the Nord Stream 2 gas pipeline will be subject to European Union rules that require the owners of pipelines be different from the gas suppliers.Gazprom says the rules, amended in 2019, are aimed at blocking the pipeline which was completed in early September.Here are some significant events in Nord Stream 2's development…

Putin: Russia Not Using Gas as a Weapon

Oct 13, 2021

President Vladimir Putin said on Wednesday Russia was not using gas as a weapon and was ready to help ease Europe's energy crunch as the region's bloc called an emergency summit to tackle skyrocketing prices.Energy demand has surged as economies have rebounded from the pandemic…

Final Section of Nord Stream 2 Pipeline Welded into Place

Sep 07, 2021

The last section of the Nord Stream 2 gas pipeline has been welded into place, its operator said on Monday, meaning the two long stretches of the pipe can now be joined to complete the Baltic subsea link.The $11 billion pipeline, which will double Russian gas exporter Gazprom's (GAZP…

Nord Stream 2 Gas Pipeline to Be Completed Next Week

Aug 19, 2021

The Nord Stream 2 gas pipeline construction is 99% complete, the operating company said on Wednesday, after a media report the Russian-led project, which has come under criticism from the United States, is expected to be finished on Aug. 23…

Nord Stream 2 Pipeline 99% Complete

Jul 29, 2021

The much-politicized Nord Stream 2 undersea gas pipeline from Russia to Germany is 99% complete, the pipeline operator said on Wednesday, after the pipelay vessel Akademik Cherskiy finished its initially planned workload.The $11 billion Nord Stream 2…

Transformative Deal: Hibiscus to Pay $212.5M for Repsol's Offshore Blocks in Vietnam and Malaysia

Jun 04, 2021

Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…

Biden: Sanctions Against Nord Stream 2 Would Harm European Relations

May 26, 2021

U.S. President Joe Biden on Tuesday said he decided to waive sanctions against the company behind the Nord Stream 2 gas pipeline because the project was nearly complete, and doing so could have harmed ties with Europe.Biden, who is preparing…

Nord Stream 2 Project: Russian Vessel Fortuna Starts Laying Pipes

May 24, 2021

Russian vessel Fortuna has started laying pipes for the Nord Stream 2 gas pipeline in German waters, the gas project said on Sunday, citing Germany's Waterway and Shipping Authority.Nord Stream 2, which runs on the bed of the Baltic Sea from Russia to Germany…

Nord Stream 2 Warns of Security Risks to Pipeline from Warships, Low-flying Planes

Apr 02, 2021

The consortium behind the construction of the Nord Stream 2 gas pipeline warned on Thursday about security risks to the project from warships and planes, as the link is nearing completion.The pipeline, aimed at bypassing Ukraine and doubling…

USA: Senator Cruz Puts Hold On Biden's CIA Pick over Nord Stream 2 Pipeline

Mar 08, 2021

Republican Senator Ted Cruz put a hold late on Friday on President Joe Biden's pick to lead the Central Intelligence Agency to pressure the administration to put tough sanctions on Russia's Nord Stream 2 natural gas pipeline project.The Senate Intelligence Committee last week backed William Burns…

Another Vessel Joining Nord Stream 2 Pipeline Construction

Mar 05, 2021

The consortium behind the Nord Stream 2 undersea gas pipeline said on Thursday a second Russian pipe-laying vessel is undergoing sea trials ahead of joining the project, as it presses on with construction despite growing political pressure.The vessel…

Report: Baker Hughes, 17 Other Firms Quit Nord Stream 2 Pipeline Project to Avoid Sanctions

Feb 25, 2021

Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters…

U.S. Designates Already Sanctioned Russian Ship as Helping to Build Nord Stream 2 Pipeline

Feb 22, 2021

The Biden administration on Friday identified a Russian ship and a company it believes are helping to build the Nord Stream 2 pipeline, but the entities had already been sanctioned by the Trump administration and the project's opponents in Congress said the move would do little to halt work on it…

U.S. Lawmakers ask Blinken for Briefing on Nord Stream 2 Pipeline

Feb 18, 2021

Several U.S. Representatives on Wednesday raised pressure on the State Department to share plans on potential sanctions on the Nord Stream 2 natural gas pipeline Russia is racing to finish to take fuel to Europe.'If completed, Nord Stream 2…

Pipe Laying for Nord Stream 2 Restarts in Danish Waters

Feb 07, 2021

The consortium behind the Russia-led Nord Stream 2 natural gas pipeline has resumed laying pipes in the waters of Denmark, it said on Saturday, despite mounting pressure on the project from Washington.Construction of the link, which would double…

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