French President Emmanuel Macron said Thursday that European sanctions would target Russia’s military, economy and energy, and Germany’s decision this week to halt certification of the Nord Stream 2 pipeline built by Russia’s Gazprom shows that the vast oil and gas sector isn’t off limits.read more
The agreement was signed in the videoconference mode in presence of chief executive officers of Gazprom and Shell
MOSCOW, March 16. /TASS/. Gazprom and Shell concluded the agreement on strategic cooperation for the term of five years on March 16, the Russian gas holding says on Tuesday.
“Particular attention will be paid, for instance, to such areas as studies of energy market, implementation of projects throughout the value creation chain, and cooperation in the sphere of digital development of technologies and reduction of greenhouse gas emissions,” Gazprom says.read more
Gazprom and Royal Dutch Shell signed on March 16 an Agreement of Strategic Cooperation for a five-year period, the Russian gas giant said.
The signing ceremony was held via a video link in the presence of Gazprom CEO Alexey Miller and Shell CEO Ben van Beurden.
The newly signed document, which expands the interaction between the two companies, focuses on research of energy markets, implementation of projects along the entire value chain, cooperation in digitalization of technologies, and reduction of greenhouse gas emissions, Gazprom said.read more
Russia’s Gazprom signs strategic cooperation agreement with Shell
By Reuters Staff:
MOSCOW (Reuters) – Russian gas producer Gazprom has signed a five-year strategic cooperation agreement with Shell, it said on Tuesday.
The cooperation will include exploring energy markets, “projects along the entire value chain”, digitalisation of technologies and reduction of greenhouse gas emissions, Gazprom said.
Reporting by Polina Devitt; Editing by David Goodman
Why the World Worries About Russia’s Nord Stream Pipeline
Gazprom owns the project operator, with Royal Dutch Shell Plc and four other investors contributing half of the 9.5 billion-euro ($11.6 billion) cost.By Dina Khrennikova and Anna Shiryaevskaya | Bloomberg: Feb. 25, 2021A natural gas pipeline being built under the Baltic Sea from Russia to the German coast is shaking up geopolitics. Nord Stream 2, as it’s called, fuels worries in the U.S. and other countries that the link could give the Kremlin new leverage over Germany and other NATO allies. Pipe construction, halted in 2019, resumed in December 2020, yet U.S. sanctions still threaten to pull the brakes on the project backed by the Russia’s Gazprom PJSC.
1. What is Nord Stream 2?
It’s a 1,230-kilometer (764-mile) gas pipeline that will double the capacity of the existing undersea route from Russian fields to Europe — the original Nord Stream — which opened in 2011. Gazprom owns the project operator, with Royal Dutch Shell Plc and four other investors contributing half of the 9.5 billion-euro ($11.6 billion) cost. Initially expected to come online by the end of 2019, the link has been delayed by U.S. sanctions that forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels when all but 160 kilometers of the link was in place. When Nord Stream 2 started construction again, Russian vessels were deployed to lay 2.6 kilometers in Germany’s exclusive economic zone. In January 2021 work resumed on the Danish section.read more
Why Gazprom’s $7.6 Billion Nord Stream 2 Fine Is Just the Start
Stephanie Bodoni and Maciej Martewicz
Oct 9. 2020
(Bloomberg) — Poland’s antitrust watchdog slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline, opening a new front in the bitter political battle over the natural gas project. Wednesday’s surprise move raises a whole set of legal questions about the plan, which is teetering on the brink. What was the fine for? The antitrust authority said Gazprom and its partners, which which is teetering on the brink.read more
U.S. sanctions… forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels
Why the World Worries About Russia’s Natural Gas Pipeline
By Anna Shiryaevskaya and Dina Khrennikova | Bloomberg: Oct. 8, 2020A natural gas pipeline being built under the Baltic Sea from Russia to the German coast is shaking up geopolitics. Nord Stream 2, as it’s called, fuels worries in the U.S. and other countries that the link could give the Kremlin new leverage over Germany and other NATO allies. As the project neared completion, U.S. sanctions and calls for European restrictions, as well as a Polish move to fine Russia’s Gazprom PJSC on antitrust grounds, have left the construction in limbo and ratcheted up political tensions.
1. What is Nord Stream 2?
It’s a 1,230-kilometer (764-mile) gas pipeline that will double the capacity of the existing undersea route from Russian fields to Europe — the original Nord Stream — which opened in 2011. Gazprom owns the joint Russian-European venture, with Royal Dutch Shell Plc and four other investors contributing half of the 9.5 billion-euro ($11.2 billion) cost. Initially expected to come online by the end of 2019, the link has been delayed by U.S. sanctions that forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels. The pipeline operator is looking for solutions to lay the remaining 6% of the pipe, which includes construction work in Denmark’s waters.read more
Merkel Scrapping Nord Stream Would Unravel German Gas Strategy
Brian Parkin, Andrew Noël and Richard Weiss: Bloomberg:
(Bloomberg) — As Angela Merkel weighs up the arguments for scrapping a Russian pipeline project, a cornerstone of the German chancellor’s carefully crafted energy strategy is at stake.
Merkel is coming under increasing pressure to ditch the Nord Stream 2 pipeline after the poisoning of Russian opposition politician Alexey Navalny. Members of her own party have questioned the project and Polish Prime Minister Mateusz Morawiecki said the decision should be a “no brainer.”read more
Why the World Worries About Russia’s Natural Gas Pipeline
By Anna Shiryaevskaya and Dina Khrennikova | Bloomberg
September 4, 2020 at 3:26 p.m. GMT+1
A natural gas pipeline being built under the Baltic Sea from Russia to the German coast is shaking up geopolitics. Nord Stream 2, as it’s called, fuels worries in the U.S. and other countries that the link could give the Kremlin new leverage over Germany and other NATO allies. As the project neared completion, U.S. sanctions and calls for European restrictions have left the construction in limbo as political tensions with Moscow mounted.
1. What is Nord Stream 2?
It’s a 1,230-kilometer (764-mile) gas pipeline that will double the capacity of the existing undersea route from Russian fields to Europe — the original Nord Stream — which opened in 2011. Russia’s Gazprom PJSC owns the joint Russian-European venture, with Royal Dutch Shell Plc and four other investors contributing half of the 9.5 billion-euro ($11.2 billion) cost. Initially expected to come online by the end of 2019, the link has been delayed by U.S. sanctions that forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels. The pipeline operator is looking for solutions to lay the remaining 6% of the pipe, which includes construction work in Denmark’s waters.read more
BRUSSELS — Chancellor Angela Merkel of Germany has long defended her decision to go ahead with an $11 billion Russian gas pipeline, sticking to her position that politics and business should remain separate.
But that approach came under intense pressure Thursday, with a Russian dissident in a German hospital, poisoned with a military-grade nerve agent that is held closely by the Russian military. Even some members of her own party insisted that the chancellor should respond by canceling the Nord Stream 2 pipeline project.
The 764-mile pair of pipelines under the Baltic Sea is being built by a consortium led by the Russian energy giant Gazprom, which owns it, and would double the capacity for natural gas to flow directly from Russia to Germany. It has been criticized by many in Europe and the United States for increasing Russian leverage on Germany and helping to line the pockets of the Russian state.
But the pipeline is 94 percent completed, and Ms. Merkel defended the need to finish it as recently as last Friday. At that point, Aleksei A. Navalny, the Russian opposition leader, was already in Berlin for treatment of a poisoning in Russia, although the use of the nerve agent, Novichok, had not yet been publicly confirmed.
But with the identification of Novichok as the poison, the debate on the pipeline has now been reopened.
For a long time, Ms. Merkel has advocated trade and diplomatic engagement with both Russia and China despite their internal repressions and external aggressiveness. Her argument has been that Russia is too close to Europe, and China too economically powerful, to isolate either of them, and that trade provides leverage on them that sanctions do not.
And so Nord Stream 2, originally promoted by her coalition partners, the Social Democrats, is becoming harder to defend, given that its owner, Gazprom, is controlled by the Kremlin of President Vladimir V. Putin. More Germans are asking how she — and many other European leaders — can portray Russia as a rogue nation in one breath and a legitimate commercial partner in the next?
On Thursday, Norbert Röttgen, a senior member of the chancellor’s conservative party and the head of the foreign affairs committee in Parliament, who has long been critical of Nord Stream 2, called for Germany to respond to the poisoning with tough measures that could include the pipeline and Russia’s sales of natural gas.read more
Angela Merkel is under growing domestic pressure to end her support for the joint German-Russian Nord Stream 2 pipeline project over the confirmed poisoning of the Russian opposition leader Alexei Navalny.
The German Green party called on the chancellor to use the nearly completed infrastructure project to press the Kremlin into answering allegations over what Merkel called the “silencing” of Navalny with a novichok nerve agent.read more
Calls mount for Germany to rethink Nord Stream 2 pipeline after Navalny poisoning
Madeline Chambers: SEPTEMBER 3, 2020
BERLIN (Reuters) – German Chancellor Angela Merkel faced growing pressure on Thursday to reconsider the Nord Stream 2 pipeline, which will take gas from Russia to Germany, after she said Kremlin critic Alexei Navalny was poisoned with a Soviet-style nerve agent.
Merkel said on Wednesday that Navalny, who is being treated in a Berlin hospital, was the victim of a murder attempt using the nerve agent Novichok, and demanded an explanation by Russia.
Moscow has denied involvement in the incident and the Russian foreign ministry said Germany’s assertion was not backed by evidence.
Western countries have condemned the attack on Navalny and many German politicians want a tough response.read more
Uniper may have to write down Nord Stream 2 loan if the pipeline fails
* Uniper is a financial backer of Nord Stream 2 project
* Risk of non-completion is increasing
* Uniper has committed to fund up to 950 mln eur (Adds CEO comments, details on Nord Stream 2 financing)
By Christoph Steitz and Tom Käckenhoff: AUGUST 11, 2020
FRANKFURT/DUESSELDORF, Aug 11 (Reuters) – German utility Uniper on Tuesday said it may have to impair a loan provided to the planned Nord Stream 2 gas pipeline if the project collapses in the face of U.S. sanctions.read more
Central now to Russia’s hydrocarbons-related power is its Arctic sector oil and gas reserves. These comprise over 35,700 billion cubic metres of natural gas and over 2,300 million metric tons of oil and condensate, principally located in the Yamal and Gydan peninsulas. According to recent comments from Russia’s President, Vladimir Putin, the next 10-15 years will witness a dramatic expansion in the extraction of these Arctic resources, and a build-out of the Northern Sea Route (NSR) as the main transport route to monetise these resources in the global hydrocarbons markets. To these ends, last week saw the announcement of a joint venture (JV) between Russia’s third biggest oil company by output and the oil arm of state gas giant Gazprom, Gazprom Neft, and Anglo-Dutch super-major, Royal Dutch Shell (Shell).read more
A hulking Russian pipe-laying vessel called the Akademik Cherskiy can be seen off Germany’s Baltic coast these days,marine tracking sites say, apparentlywaiting for the chance to complete the final stretches of a massive undersea pipeline that will carry natural gas directly to Germany from Russia.
The Trump administration, though, is trying to keep the pipeline, known as Nord Stream 2, on ice. Last week, the State Department moved to potentially impose economic penalties on investors and other business participants in the project, an expansion of existing sanctions.read more
Russia’s Gazprom Neft and Shell launch JV for hydrocarbon development
MOSCOW (Reuters) – Russian oil producer Gazprom Neft on Tuesday said it had signed an agreement with Shell to establish a joint venture to develop a large-scale hydrocarbon cluster on the Gydan peninsula in Siberia.
The deal is scheduled to close in 2020, Gazprom Neft said, after which both partners will have a 50% share in the venture.
Reporting by Maxim Rodionov and Anton Kolodyazhnyy; Writing by Alexander Marrow; editing by Louise Heavensread more
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I used shell broadband. It was by far the worst broadband provider ever! The internet did not work most days. I had their super fast broadband and it dropped out constantly. Watching a movie was awful with the constant buffering. Customer support was super slow. Now their going to charge me for the useless router which I have sent back.
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By far the worst broadband provider ever!
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Extremely slow broadband for 10 months, not fixed.I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it.They have tried sending about 4 or 5 engineers but have not fixed the problem.Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more
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The worst ever
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I ordered shell energy broadband on nov 2. I was promised connection the following week. They initiated the direct debit. I called the following week and was told router would arrive on 13 and service would go live on 17. No further email or communication until 20 when I was told service would start on 30th. Spent 10 minutes waiting on phone line and spoke to a polite assistant who was absolutely useless in solving my problem. Avoid this unprofessional and chaotic… Read more
Shell Energy Broadband Service is Appalling
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CNN
Gazprom, Shell ink strategic cooperation agreement
Russia’s Gazprom signs strategic cooperation agreement with Shell
U.S. sanctions… forced Swiss contractor Allseas Group SA to withdraw its pipelaying vessels
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