"Nord Stream 2" News

BASF Ready to Push Through Wintershall Dea IPO Against LetterOne's Opposition

Feb 25, 2022

BASF, co-owner of Nord Stream 2 backer Wintershall Dea, said it was prepared to push through an initial public offering of the oil and gas business next year if its joint venture partner LetterOne upholds its opposition to the transaction.'Given…

Nord Stream 2 AG CEO Steps Down from Soccer Club Schalke 04's Board

Feb 24, 2022

Matthias Warnig, the chief executive of Nord Stream 2 AG who has been targeted by U.S. sanctions, is stepping down from the supervisory board of German soccer club FC Schalke 04, the club said on Twitter.It said Warnig had informed the club that he was resigning with immediate effect…

Wintershall Dea: Political Suspension of Nord Stream 2 Pipeline Would Enable Compensation Claims

Feb 24, 2022

Wintershall Dea, one of the co-founders of Gazprom's Nord Stream 2 gas pipeline, on Thursday said canceling the project on political grounds would enable its operator to lodge compensation claims.The group's remarks come as Moscow launched an…

U.S. Sanctions Nord Stream 2 AG and its CEO

Feb 24, 2022

The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO…

Germany's Chancellor Scholz Halts Nord Stream 2 as Ukraine Crisis Deepens

Feb 22, 2022

German Chancellor Olaf Scholz halted the Nord Stream 2 gas pipeline project designed to bring more Russian gas to Germany on Tuesday after Russia formally recognized two breakaway regions in eastern Ukraine.Europe's most divisive energy project…

Wintershall Dea CEO to Join Talks Between German Firms and Putin in March

Feb 21, 2022

The boss of oil and gas firm Wintershall Dea plans to join talks scheduled for early March between Russian President Vladimir Putin and German top-level executives, he said, adding open lines of dialogue were crucial in the current situation…

Putin: Nord Stream 2 Pipeline Would Strengthen Europe's Energy Security

Feb 15, 2022

Russian President Vladimir Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a 'purely commercial' project which will strengthen Europe's energy security…

Austria Resists Including Nord Stream 2 in EU Package of Russia Sanctions

Feb 11, 2022

Austria is sticking with its opposition to including the Nord Stream 2 gas pipeline in a package of sanctions against Moscow that the European Union is preparing in the event Russia invades Ukraine, Foreign Minister Alexander Schallenberg said on Friday…

Biden: Nord Stream 2 Will Be Halted if Russia Invades Ukraine

Feb 08, 2022

U.S. President Joe Biden said on Monday that the Nord Stream 2 gas pipeline would be halted if Russia invades Ukraine and stressed unity with German Chancellor Olaf Scholz as the West rallies to avert a war in Europe.At a White House press conference with the new German leader…

BASF Presses for Wintershall Dea IPO in Dispute with Co-owner

Jan 31, 2022

BASF remains committed to a sale of its stake in oil and gas business Wintershall Dea AG on the stock market, it said on Monday, despite co-owner LetterOne opposing an initial public offering (IPO) in the short term.The disagreement between…

State Dept: Nord Stream 2 Will Not Move Forward if Russia Invades Ukraine

Jan 27, 2022

U.S. State Department spokesperson Ned Price said on Wednesday the Nord Stream 2 pipeline between Russia and Germany will not move forward if Russia invades Ukraine.'I want to be very clear: if Russia invades Ukraine one way or another, Nord Stream 2 will not move forward…

Nord Stream 2 Registers German Subsidiary, Certification Still Suspended

Jan 27, 2022

The operator of the Russian Nord Stream 2 gas pipeline has registered a subsidiary for the German part of the pipeline to meet German regulatory requirements, it said on Wednesday, though certification for the project still remains suspended by Berlin…

Nord Stream 2 - Russian Gas Pipeline's Long Wait for Approval

Jan 25, 2022

German Chancellor Olaf Scholz said last week that Germany may consider halting the Nord Stream 2 pipeline if Russia attacks Ukraine, reflecting growing political pressure on the Gazprom-led project.Russia has massed troops on the Ukrainian border but denies it is planning an attack…

In Ukraine Crisis, Germany Faces Tough Decisions Over Nord Stream 2 Pipeline

Jan 21, 2022

Germany could find itself in a no-win situation if Russia invades Ukraine, pitting Berlin's main gas supplier against its most important security allies.Chancellor Olaf Scholz would face pressure from the United States and other Western allies…

Kremlin: Idle Nord Stream 2 Pipeline Bad for Consumers, Economy

Jan 19, 2022

Kremlin spokesman Dmitry Peskov said on Wednesday that the fact no gas was being shipped through the Nord Stream 2 pipeline to Germany, which is awaiting regulatory clearance, was bad for gas consumers and economic development during the COVID-19 pandemic…

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