Russia & CIS

18 Companies Quit Nord Stream 2 Pipeline Project

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.

Russia’s Gazprom Says LNG, Natural Gas Shouldn't Compete in Export Markets

Russia should ensure its natural gas and LNG supplies do not compete in international markets, Gazprom said, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom.

EU Says it Does Not Need Nord Stream 2, Only Germany Can Block it

The European Union does not need the Nord Stream 2 pipeline for its energy security but any decision to stop the project carrying Russian natural gas to Germany would have to come from Berlin, a senior European Commission official said.

Munich Re Stops Insuring Nord Stream 2 Amid Sanctions Threat

A subsidiary of Germany's Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government.

Biden Admin Designates Russian Ship as Helping to Build Nord Stream 2 Pipeline

The Biden administration 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. to Unveil Nord Stream 2 Pipeline Report, Sanctions May Take Time

The Biden administration is expected to name as early as Friday the companies it believes are helping build Russia's Nord Stream 2 pipeline, a move that could eventually prompt sanctions on the nearly completed project.

Putin Says Russia Needs to Protect Elections from Foreign Meddling

Some European countries have called for sanctions against Moscow, including halting the construction of the undersea Nord Stream 2 gas pipeline, designed to export gas from Russia to Germany by bypassing Ukraine.

Germany Looking at Green Hydrogen Co-operation with Russia

Germany is in close communication with Russia about the potential of "green" hydrogen production and transport, Economy Minister Peter Altmaier said.

Senators Prod Biden Admin on Nord Stream 2 Pipeline Sanctions

Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated was a "bad deal" for Europe.

Novak Tells Russian TV Oil Market on Recovery Path

The global oil market is on a recovery path and the oil price this year could average $45-$60 per barrel, Russian Deputy Prime Minister Alexander Novak was quoted as saying on Sunday.

Russia’s Gazprom Taps Eurobond Market Again with 1 billion Euro Deal

Gazprom returned to the bond market Wednesday with a new 1 billion euro ($1.21 billion) Eurobond issue, Gazprombank said, in a sign of investor confidence in the state-controlled Russian gas producer despite tensions with the West.

Gazprom Resumes Gas Supply to Russia's Kaliningrad

Supplies stopped at around noon GMT on Monday, without warning from Gazprom, said Amber Grid, which operates Lithuania's gas transmission system.

Gazprom Halts Gas Supply to Russia's Kaliningrad Region

The country relied solely on Gazprom for its gas supplies until 2014, when it launched its own liquefied natural gas (LNG) import facility and now imports most of its gas from Norway and elsewhere.

Nord Stream 2's Construction in Danish Waters Could Wrap Up by End-April

Construction of Nord Stream 2 undersea gas pipeline from Russia to Germany in Danish waters is scheduled for completion by the end of April, Danish Maritime Authority said on Monday.

Pipe Laying for Nord Stream 2 Restarts in Danish Waters

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.

Germany Backs Nord Stream 2, For Now - Merkel

Germany is sticking with its support for the Nord Stream 2 pipeline "for the time being", Chancellor Angela Merkel said on Friday.

Polish Gas Firm PGNiG's LNG Imports Rise 10%

Liquefied natural gas imports by Poland's dominant gas firm PGNiG rose by 10% in 2020 to 3.76 billion cubic meters, as the company continues to look to reduce its reliance on Russian gas, it said on Thursday.

U.S. Will Monitor Activity to Complete Nord Stream 2 Pipeline

The United States will monitor activity to complete or certify the Nord Stream 2 pipeline intended to transport Russian natural gas to Europe and, if such activity takes place, will make a determination on sanctions, the U.S. State Department spokesman said.

Russia Lawmaker Suggests Taxing Yamal LNG Over Challenging Gazprom

Russia's flagship liquefied natural gas project, privately-owned Yamal LNG, is challenging state gas giant Gazprom in its core European market, and should either be taxed or have a limit put on its sales there, a lawmaker said.

Russia's Litasco to Financially Help Iraq's Nassiriya Oilfield Double Output

The deal which was approved by the cabinet on Tuesday includes building a 100,000 bpd oil production facility and a 42 km oil pipeline.

Russia's Gazprom Says Natural Gas Fits with Global Climate Goals

Pipeline gas accounted for far fewer emissions than the sea-borne liquefied natural gas, said Elena Burmistrova, head of exports at Russian gas giant Gazprom.

New German CDU leader Supports Nord Stream 2

The new chairman of Germany's ruling Christian Democrats said he would not reconsider his support for the Nord Stream 2 pipeline to take Russian natural gas to Europe, despite U.S. and European opposition to its completion.

Pipe-laying Vessel Started Work in Danish Waters for Nord Stream 2

The project, designed to boost Russian gas supplies to Europe and bypass Ukraine, has met resistance from Washington, which wants to sell its own sea-borne liquefied natural gas to the European Union and cut the region's reliance on energy supplies from Moscow.

Tracking Data Shows Russian Pipe-Laying Vessels Head toward Nord Stream 2 Work Site

Russian pipe-laying and other vessels are heading to Nord Stream 2 pipeline construction sites in the Baltic Sea amid U.S. pressure to scrap the project that aims to pump more Russian gas to Europe.

EU Lawmakers Expected to Vote to Block Nord Stream 2

European Union lawmakers are expected to support a resolution to stop the completion of the Nord Stream 2 gas pipeline to take Russian natural gas to Europe, in response to the arrest of Kremlin critic Alexei Navalny.

Projects

Open Grid Europe Looks to Operate Gas Pipeline in March   Source: Zeelink Open Grid Europe is testing the recently completed $705 million (600 million euro) Zeelink gas pipeline with plans to make it operational, possibly as early as March 2021.   The 134..

Report Indicates Germany's Bilfinger Drops Out of Nord Stream 2 Project

The news comes as the U.S. Treasury Department on Tuesday slapped sanctions on a vessel helping to build the pipeline to take Russian natural gas to Europe via Germany.

Russia’s Gazprom Acknowledges Risks About Nord Stream 2 Project

It is not immediately clear how Russian gas producer Gazprom plans to complete construction. Should Nord Stream 2 be suspended or cancelled, Gazprom may face financial claims from contractors, it said in a prospectus.

Germany Responds to U.S. Decision to Sanction Russian Vessel Involved in Nord Stream 2

The United States has informed Germany that it plans to impose sanctions on a Russian pipe-laying ship involved in construction of the Russian-led Nord Stream 2 gas pipeline from Russia to Germany.

Zurich Insurance Reportedly Dropping Out of Nord Stream 2 Project

Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said.