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Gas Transit News

02 Mar 2022

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

The President of Russia Vladimir Putin held talks with Chancellor of the Federal Republic of Germany Olaf Scholz in the Kremlin. ©Kremlin.ru

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.The $11-billion pipeline, which has faced stiff opposition from the United States and some European states, was built last September across the Baltic Sea from Russia to Germany, but has been idle pending German and EU regulatory clearance."This is one of Europe's largest infrastructure projects…

29 Nov 2021

Germany Working with U.S. on Nord Stream 2 Pipeline Deal

Credit: NS2

Germany said on Sunday it was continuing to work closely with the United States on implementing a deal on the Nord Stream 2 pipeline, which runs under the Baltic Sea and carries gas from Russia to Germany.Germany's foreign ministry said it continued to coordinate closely with the U.S. administration on implementing a joint declaration on the $11 billion pipeline.The Biden administration has waived sanctions on the pipeline operator and made a deal with Germany in July, although…

08 Nov 2021

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

On September 10, 2021, the sections of the second Nord Stream 2 pipeline laid from the German shore and Danish waters was connected in a so-called above water tie-in. The opposing pipe strings were lifted from the seabed by the lay barge Fortuna and the pipe ends were cut and fitted together. The welding to connect the two lines took place on a platform located above the water on the side of the vessel. Then the connected pipeline was lowered to the seabed as one continuous string.©NordStream2

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."Clearly it (Nord Stream 2) would help but the situation is more complex," CFO Tiina Tuomela said in an earnings call with analysts on Friday, adding weather factors and the level of arrivals of liquefied natural gas (LNG) in Europe were also important.Certification of the pipeline…

27 Oct 2021

Nord Stream 2 is Not a Threat to Gas Supply to EU - German ministry

On September 10, 2021, the sections of the second Nord Stream 2 pipeline laid from the German shore and Danish waters was connected in a so-called above water tie-in. The opposing pipe strings were lifted from the seabed by the lay barge Fortuna and the pipe ends were cut and fitted together. The welding to connect the two lines took place on a platform located above the water on the side of the vessel. Then the connected pipeline was lowered to the seabed as one continuous string.©NordStream2

Allowing Nord Stream 2 to pump Russian gas to Germany will not threaten supplies to the European Union, the German Economy Ministry said on Tuesday, clearing a major hurdle for the disputed pipeline.While the pipeline is ready to start operations, it still needs to be certified by Germany's Federal Network Agency and the ministry's supply analysis is a key requirement for the regulator to continue that process."In its analysis, the Federal Economy Ministry concludes that granting certification is not threatening security of gas supply to the Federal Republic of Germany and the European Union…

10 Sep 2021

Nord Stream 2 Pipeline Completed, Gazprom Says

Credit; Nord Stream 2

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-politicized pipeline will double Russia's gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine as a major route for its lucrative gas exports to Europe."The head of the management board…

23 Aug 2021

U.S. Imposes Sanctions on Nord Stream 2. Measures Expected to Have No Effect on Project

The sanctions were imposed on ship Ostap Sheremeta, shipowner JSC Nobility and construction company Konstanta -  Image Credit: Peter aus Holtenau

The Biden administration on Friday slapped sanctions on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, but opponents of the nearly-completed project said the measures would not stop it.The sanctions were imposed on ship Ostap Sheremeta, shipowner JSC Nobility and construction company Konstanta, the State Department said in a report to congressional committees. A copy of the report was seen by Reuters.U.S. President Joe Biden separately issued an executive…

23 Aug 2021

Only 15km Left to Finish Nord Stream 2 Pipeline, Putin Says

© Nord Stream 2 / Axel Schmidt (File Photo)

There are only 15 km (9 miles) left to finish the Nord Stream 2 gas pipeline from Russia to Germany that bypasses Ukraine, Russian President Vladimir Putin said on Friday.The $11 billion project doubling the capacity of the first Nord Stream pipeline to 110 billion cubic meters a year has been a focal point of tensions between Moscow and the West.Despite U.S. sanctions, Nord Stream 2 is almost complete and the key question is how Russia will ship its gas to Europe once a current…

22 Jul 2021

U.S. and Germany Strike Nord Stream 2 Pipeline Deal

Russian pipe-laying vessel Akademik Cherskiy used for the construction of the Nord Stream 2 - Credit: Elena Krivorotova/AdobeStock

The United States and Germany on Wednesday unveiled an agreement on the Nord Stream 2 gas pipeline under which Berlin pledged to respond to any attempt by Russia to use energy as a weapon against Ukraine and other Central and Eastern European countries.The pact aims to mitigate what critics see as the strategic dangers of the $11 billion pipeline, now 98% complete, being built under the Baltic Sea to carry gas from Russia’s Arctic region to Germany.U.S. officials have opposed the pipeline…

04 Jun 2021

First Line of Nord Stream 2 Pipeline Completed, Putin Says

St Petersburg International Economic Forum plenary session. - Credit: Kremlin

Russia's Nord Stream 2 gas pipeline is set to be completed as the United States wants good ties with Europe, President Vladimir Putin said, as the ill-fated project is nearly complete and ready to start pumping gas to Germany.Russia's Gazprom was left without a western pipe-laying company in late 2019 following U.S. sanctions, and has since continued alone.The United States last month waived some sanctions on the Nord Stream 2 - a move U.S. President Joe Biden explained by pointing out that the project was nearly complete…

03 Jun 2021

Nord Stream 2 Pipeline Construction Nears Completion

© Nord Stream 2 / Axel Schmidt (file photo)

The Nord Stream 2 gas pipeline under the Baltic Sea is almost complete with just 100 kilometers (62 miles) left to build, TASS news agency quoted Russian deputy prime minister Alexander Novak as saying on Thursday."We hope that construction works on Nord Stream 2 will be completed by the end of this year," Novak told reporters of progress on the pipeline, which will allow Russia to ship more gas to Western Europe while bypassing Ukraine.The United States last month waived sanctions on the company behind the pipeline to Germany, a move opposed by critics of the project in the U.S.

16 Mar 2021

Reuters: Germany Bets U.S. Will Make the Best of 'Bad deal' Nord Stream Pipeline

© Nord Stream 2 / Axel Schmidt

Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition, officials and diplomats said.To try to block the $11 billion project, led by Russia’s Gazprom, successive U.S. administrations have imposed sanctions on some entities and warned other companies involved in the project about the sanctions risk.President Joe Biden thinks the pipeline under the Baltic Sea to Germany is “a bad idea for Europe…

15 Dec 2020

Timeline: Nord Stream 2 Gas Pipeline's Difficult Birth

(File Photo: Nord Stream 2 - © Axel Schmidt)

Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.An alleged nerve agent attack on Kremlin critic Alexei Navalny in August was the latest political controversy to hit the nearly-completed Nord Stream 2 gas pipeline, as Germany debates whether to halt the project as part of potential sanctions against Russia.Led by Russia's Gazprom with Western partners…

26 Dec 2019

Russia Says Nord Stream 2 Will Be Ready in Months

(Photo: Gazprom)

Russian Prime Minister Dmitry Medvedev said on Monday that the Nord Stream 2 gas pipeline would be completed in a matter of months and U.S. sanctions imposed on the project last week would not be "catastrophic".Russia's new gas transit deal with Ukraine would also mollify the impact on Russian gas supplies of U.S. sanctions introduced on the pipeline project, he said.Last week a major contractor suspended work on the Nord Stream 2 project, which is led by Russia's Gazprom, due to U.S. sanctions introduced by U.S.

17 Dec 2018

Russia's First FSRU to Arrive at Kaliningrad to Start Up LNG Imports

Russia's first liquefied natural gas (LNG) floating storage and regasification unit (FSRU) is expected to dock at the port of Kaliningrad on Dec. 18, a source familiar with the matter told Reuters.The FSRU, called Marshal Vasilevskiy, is being installed at Kaliningrad - a city separated from Russia and bordering with Lithuania and Poland - by Russian energy major Gazprom in a move to bypass pipeline gas deliveries via Lithuania in case there are any disruptions in gas transit.The FSRU will be the first LNG import facility in Russia, the world’s second largest gas producer.The vessel is currently anchored outside the port of Kaliningrad…

16 Jun 2014

Gazprom files lawsuit in Stockholm arbitration for $ 4.5 bln

Gazprom filed a lawsuit in Stockholm International Arbitration Court seeking to recover USD 4.5 billion in debt from Naftogaz of Ukraine due to the company's non-compliance with obligations under Contract No. ?? dated January 19, 2009 for natural gas purchase and sale between 2009 and 2019 (Contract), as well as its considerable outstanding debt for natural gas supplied under the Contract and non-payment of current supplies. Starting from 10:00 am (Moscow time) on June 16, 2014, Gazprom will supply Naftogaz of Ukraine with natural gas only in prepaid volumes according to contractual terms. In this respect, Naftogaz of Ukraine is obliged to secure natural gas transit to third countries in full compliance with terms of the effective Contract No. ????

08 Jun 2014

Russia, Ukraine, EU to resume gas talks on Monday

Moscow , Kiev and Brussels will restart Talks on Russian Gas Supplies on Monday to TRY to resolve a Dispute over price, a Russian Energy Ministry Official Said on Sunday. "The next (Round) of Trilateral Negotiations Tomorrow Evening will Take place in Brussels , "a spokeswoman for the Energy Ministry Said. Russia 's Energy minister Alexander Novak, his Ukrainian counterpart Yuri Prodan and the European Union 's Energy Commissioner Guenther Oettinger will Take Part in the Talks. Russia 's Gazprom and Ukraine State Energy Company Naftogaz met for Two days in Berlin Last week to TRY to Settle Dispute which could threaten the Gas flows to Europe . Ukraine and Russia Differ on How much Naftogaz has to Pay for the Gas.

08 Apr 2014

Russia's Gazprom: Ukraine did not pay for gas on time

Gazprom and Ukraine locked in gas price dispute; Russian gas transit to Europe via Ukraine stable. Russian natural gas producer Gazprom said on Tuesday Ukraine had failed to pay for its March gas supplies on time but did not say whether the company would take any action against Kiev. "They haven't paid for March," a spokesman said, confirming that Ukraine's total debt of $2.2 billion had not been reduced by the deadline of midnight on Monday. Gazprom has often in the past not taken any action when Kiev failed to pay its bills on time. But it cut off gas supplies to Ukraine during price disputes in the winters of 2008/2009 and 2005/2006, disrupting supplies of Russian gas to Europe that are carried via Ukraine.

03 Mar 2014

Russian Markets Hit as Putin tightens Grip on Crimea

Moscow stocks fall 10 pct, rouble down 2.5 pct over war jitters. Ukraine border guards say build-up of Russian armoured vehicles near Crimea. EU ministers meet but no immediate sanctions expected. Russia took a financial hit over its military intervention in neighbouring Ukraine, with its markets and currency plunging on Monday as President Vladimir Putin's forces tightened their grip on the Russian-speaking Crimea region. The Moscow stock market fell by 10 percent and the central bank spent $10 billion of its reserves to prop up the rouble as investors took fright at escalating tensions with the West over the former Soviet republic.