Nord Stream 2 News

 

Nord Stream: Gazprom Declares Force Majeure on Some Gas Supplies to Europe

Jul 18, 2022

Russia's Gazprom has declared force majeure on gas supplies to Europe to at least one major customer, according to a letter from Gazprom that will add to European fears of fuel shortages.Dated July 14 and seen by Reuters on Monday, the legal…

Gerhard Schroeder Steps Down from Rosneft Board after EU Sanctions Threat

May 23, 2022

Russia's state-owned oil company Rosneft said on Friday that former German chancellor Gerhard Schroeder and German businessman Matthias Warnig were stepping down from its board of directors.The European Parliament had urged on Thursday that Schroeder…

Gas Prices Help OMV Cushion Nord Stream 2 Impairments

Apr 29, 2022

Austrian oil and gas group OMV reported better-than-expected first-quarter results on Friday as higher market prices and gains across all units more than offset a hit from impairments related to the discontinued Nord Stream 2 project.OMV said its adjusted operating income grew to 2…

Nord Stream 2 Owner Mulls Insolvency in Wake of Pipeline Halt, Sanctions, Say Sources

Mar 01, 2022

The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it…

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…

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…

Uniper CFO: Nord Stream 2 Completion Not Cure-all for Gas Market Woes

Nov 08, 2021

The completion of the controversial Nord Stream 2 gas pipeline to bring more Russian gas into Germany under the Baltic Sea would go some way to relieving the tight gas market this winter, but there were other factors at play, the chief finance officer of utility Uniper said…

Polish PGNiG Says Nord Stream 2 Pipeline Would Increase Risks for EU Gas Supplies

Oct 21, 2021

The Nord Stream 2 pipeline will increase threats to the security of gas supplies to the European Union, Polish gas giant PGNiG said in a submission as part of the certification procedure for the pipeline's operator.Poland, which has taken steps to reduce its reliance on Russian gas supplies…

Gazprom's Nord Stream 2 Can Challenge EU Rules, Court Adviser Says

Oct 06, 2021

Gazprom's Swiss unit can challenge an EU gas rule that requires gas producers to be separate companies from those that control the pipeline, an adviser to the EU's top court said on Wednesday.Russia's Gazprom owns operator Nord Stream 2 and…

Rosneft Could Export Gas via Gazprom's Nord Stream 2 Pipeline

Sep 15, 2021

Russia's Energy Ministry is due to prepare a report in the coming days about the possibility of Rosneft exporting natural gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday…

Nord Stream 2 Pipeline Completed, Gazprom Says

Sep 10, 2021

Gazprom said on Friday it had finished construction of the Nord Stream 2 subsea pipeline to Germany, completing Moscow's project to increase its gas export capability and bypass Ukraine, but flows have yet to be cleared by regulators.The much…

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…

Nord Stream 2: Russian Vessel Moves into German Waters for Pipelaying Work

Jul 19, 2021

Russian pipe-laying vessel Akademik Cherskiy will move to German waters to build a 2.6 km (1.6 miles) stretch of the Nord Stream 2 pipeline, the pipeline operator said on Monday.The vessel had previously been in Danish waters.(Reporting by Oksana Kobzeva and Anton Kolodyazhnyy…

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