Mexico



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Nord Stream 2 not afected by U.S. sanctions -German ministry

 

 

 

 

By Reuters

BERLIN
Petroleumworld 07 02 2018

Germany has been assured by the United States that any sanctions imposed on Russia will not affect the building of a gas pipeline to bring Russian gas to Europe, a spokeswoman for the German economy ministry said on Friday.

The spokeswoman said that guidelines provided by the United States suggested that construction of Nord Stream 2 would be unaffected.

“We have received assurances that gas pipeline projects will be excluded from the sanctions,” the spokeswoman said during a regular government news conference.

She was not immediately able to say when these new guidelines had been provided.

A spokesman for the U.S. embassy in Berlin said there had been no change in policy.

“We have been clear that firms working in the Russian energy pipeline sector are engaged in a business that carries sanctions risk,” the spokesman said.

The Nord Stream 2 consortium, an initiative of five European companies and Russian energy giant Gazprom, started starting preparatory work in the Greifswald bay off Germany's Baltic coast on a new twin pipeline last month. The new pipeline will double Russia's export capacity of 55 billion cubic metres to Germany.

Eastern European and Baltic states fear it will increase Europe's reliance on Russian gas and undermine Ukraine's lucrative gas transit route. The United States also opposes it, contending that it could undermine Europe's energy security.

Chancellor Angela Merkel had long argued the project was purely commercial but last month she acknowledged there were political considerations. She recently said that Ukraine must be able to continue to earn revenue from gas transit.

Wintershall, an oil and gas subsidiary of Germany's BASF on Wednesday defended its partnership with Russia in Nord Stream 2, saying this was a more stable option than liquefied natural gas (LNG).

_________________________

Twitter: @petroleumworld1

Petroleumworld.com


Hit your target - Advertise with Us


Reporting by Thomas Escritt; editing by Jason Neely from Reuters.

reuters.com 06 28 2018

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Twitter: @petroleumworld1


November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.