Nasdaq BERLIN, Feb 23 – Germany’s decision to halt the certification of Nord Stream 2 has raised questions about the future of the $11 billion, 1,230-km gas pipeline under the Baltic Sea and the prospect of compensation lawsuits by its Russian owner Gazprom GAZP.MM. Here is what to expect next regarding Europe’s most divisive energy project: IS NORD STREAM 2
Reuters WASHINGTON -The U.S. Supreme Court on Tuesday rejected a bid led by Dakota Access oil pipeline operator Energy Transfer (NYSE:) LP to avoid additional environmental review of a section that runs under an artificial lake and is opposed by nearby Native American tribes, leaving the pipeline vulnerable to being shut down. The justices left in place a lower
Yahoo Finance BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Europe’s most divisive energy project, worth $11 billion, was finished in September, but has stood idle pending certification by Germany and the
World Oil (Bloomberg) –A major U.S. natural gas pipeline project that’s crucial for shale drillers in the Appalachians is now in doubt after a court rejected its permit to cross a national forest in the Virginias. The U.S. Court of Appeals for the Fourth Circuit on Tuesday tossed the federal government’s approval for Equitrans Midstream Corp.’s $6.2 billion Mountain Valley
US News WASHINGTON – The United States is in talks with major energy-producing countries and companies around the world over a diversion of supplies to Europe if needed in the event of a Russian invasion of Ukraine, senior Biden administration officials said on Tuesday. Speaking to reporters on a call, the officials did not name the specific countries or companies
Reuters The Senate on Thursday failed to pass a bill sanctioning the Nord Stream 2 pipeline, after the Biden administration aggressively lobbied Democrats to defeat Sen. Ted Cruz’s effort to target the Putin-backed project. Why it matters: The 55-44 vote is the culmination of Cruz’s months-long push to force Democrats into an uncomfortable vote on Nord Stream 2, which the Ukrainian
World Oil (Bloomberg) –Enterprise Products Partners LP agreed to buy Navitas Midstream Partners LLC from Warburg Pincus LLC for $3.25 billion in cash to add natural gas pipeline and processing assets in the Permian Basin, the world’s most prolific shale basin. The acquisition, Enterprise’s largest since 2014, will expand the company’s reach into the Midland Basin, part of the Permian,
CNBC Russia will lose tens of billions of dollars if a pipeline project to transport gas to Germany is abandoned — and that threat is something that Europe can use to pressure Moscow, according to a former German ambassador to the U.S. “I think the pipeline represents a major item of leverage for us, if we handle it smartly,” said
Reuters The volume of Russian gas transported via Ukraine to Europe fell 25% last year, reducing a key revenue stream for Ukraine’s struggling economy at a time of heightened tensions with Russia. The state operator of Ukraine’s gas transmission system said on Tuesday that 41.6 billion cubic metres (bcm) of Russian gas was transported through Ukraine to Europe in 2021, equivalent to a daily average of 114 million cubic metres
World Oil MOSCOW (Bloomberg) –Gazprom PJSC has finished preparing the controversial Nord Stream 2 pipeline for natural gas exports to Europe, yet actual deliveries depend on how quickly regulators grant the project approval amid souring relations between Russia and Western nations. “Nord Stream 2 is ready for operations,” Russian President Vladimir Putin said Wednesday at a meeting with energy officials
World Oil CALGARY (Bloomberg) –Enbridge Inc. is evaluating two tolling options for its vast Mainline oil pipeline network after a proposal to offer long-term contracts to keep the conduits full was rejected by Canada’s energy regulator. North America’s largest pipeline company will either pursue a modified, incentive-based version of its current arrangement, which allows producers to decide the volumes they
Reuters LONDON – A simmering threat of sanctions against the operator of the $11 billion Nord Stream 2 pipeline risks shutting off cover from European insurers for the politically-sensitive project to bring Russian gas directly to Germany. Kremlin-backed energy giant Gazprom leads the consortium which, despite stiff opposition from the U.S. and some European nations, has built the pipeline under
