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Bloomberg: Pompeo Warns Energy Majors Over New Russian Gas Pipelines

Jul 17th, 2020
by John Donovan.
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Pompeo Warns Energy Majors Over New Russian Gas Pipelines

“Get out now or risk the consequences,” Secretary of State Michael Pompeo said at the State Department on Wednesday.

Maarten Wetselaar, Klaus Schaefer, Mario Mehren, Alexey Miller, Gerhard Schroeder, Isabelle Kocher, Gerard Mestrallet, Rainer Seele, and Matthias Warnig after signing of financing agreements for Nord Stream 2 gas pipeline project on April 24, 2017

By Nick Wadhams Lars Paulsson Jul 15 2020, 8:16 PM Jul 16 2020, 10:19 PM

(Bloomberg)— The U.S. is moving toward sanctions against energy companies involved in Russian pipelines to Europe and Turkey, escalating a threat to punish allies for pursuing projects that the U.S. argues will only benefit Russia.

As Europe’s domestic gas supplies decline, the region is becoming more dependent on imported fuel. The almost 10 billion-euro ($11 billion) Nord Stream 2 project from Russia to Germany is being financed by companies including Royal Dutch Shell Plc, Germany’s Uniper SE and Wintershall AG and France’s Engie SA. Allseas Group SA is helping to expand the Turk Stream link. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Shell at risk of U.S. sanctions over participation in Nord Stream 2

Jul 15th, 2020
by John Donovan.
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By Timothy Gardner and Humeyra Pamuk

WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin’s economic leverage over Europe and Turkey.

Pompeo told a news conference that European investors in the Nordstream 2 and a branch of the Turkstream pipelines could be “put at risk” of U.S. sanctions under the Countering America’s Adversaries Through Sanctions Act of 2017. The pipelines will carry gas from Russia to Europe and Turkey. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

US Sanctions threat to Shell over Nord Stream 2 

Jul 11th, 2020
by John Donovan.
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Implications Seen for U.S. LNG as Nord Stream 2 Nears Finish Line

BY RON NISSIMOV July 10, 2020

Russia will likely complete by next year the undersea Nord Stream 2 (NS2) natural gas pipeline to Germany despite ongoing U.S. efforts to scuttle the $11 billion project, analysts said.

The start-up of the 5.3 Bcf/d NS2 could curb a potential recovery of U.S. LNG exports even if the Covid-19 pandemic recedes next year, said BTU Analytics LLC energy analyst Connor McLean.

“If Nord Stream 2 comes online as expected, the influx of supply into Europe could place further pressure on a U.S. LNG recovery in 2021,” McLean said in a recent post on the firm’s website.

To combat the Russian plan, Sens. Ted Cruz (R-TX), Jeanne Shaheen (D-NH), John Barrasso (R-WY), Tom Cotton (R-AR) and Ron Johnson (R-WI) introduced a bill to sanction any entity that aids in completion of the line. That could include companies that have extensive operations in the U.S., such as Royal Dutch Shell plc, Total SA, Engie and OMV, which have stakes in parts of NS2, and Norwegian maritime classification society DNV. read more

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Shell Russia head: We will not be put away by uncertainty

Jun 30th, 2020
by John Donovan.
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Shell Russia head: We will not be put away by uncertainty

Shell Russia’s Chairman Cederic Cremers has spoken to TASS about oil prices, Nord Stream 2 and new projects

– Oil producers have faced an unprecedented drop in demand this year. Do you think, Mr. Cremers, this can accelerate energy transition and decarbonization process and make an oil peak consumption closer?

– I think that the crisis and the pandemic of COVID-19 clearly put a lot of pressure on our industry – energy demand has dropped, and the impact on the economies around the globe is very real. I do think this volatile market will be with us for a while. We do not expect that there will be a recovery in oil prices or the demand of the products in the medium term. However, we do expect that it will recover in a longer period. read more

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Shell says open to new LNG projects in Russia including with Novatek – TASS

Jun 29th, 2020
by John Donovan.
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Shell says open to new LNG projects in Russia including with Novatek – TASS

MOSCOW, June 29 (Reuters) – Royal Dutch Shell is open to taking part in new liquefied natural gas projects in Russia including with private gas firm Novatek, the TASS news agency cited Shell Russia’s chairman Cederic Cremers as saying on Monday.

Reporting by Anton Kolodyazhnyy; writing by Tom Balmforth; editing by Katya Golubkova

SOURCE

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Seeking Alpha: Senators to push sanctions bill on Russia’s Nord Stream 2 pipeline

Jun 4th, 2020
by John Donovan.
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Senators to push sanctions bill on Russia’s Nord Stream 2 pipeline

Jun. 3, 2020 5:51 PM ET|About: Public Joint Stock Company … (OGZPY)| By: , SA News Editor

A bipartisan group of U.S. senators is set to introduce legislation that would expand sanctions against Gazprom’s (OTCPK:OGZPY) Nord Stream 2 gas pipeline between Russia and Germany by targeting insurance companies that work with Russian vessels on completion of the project.

Senator Ted Cruz, one of the sponsors of the legislation, says the pipeline poses “a critical threat to America’s national security and must not be completed.”

The bill would expand sanctions to companies that provide “underwriting services or insurance or reinsurance” for vessels working on the pipeline as well as those that provide “services or facilities for technology upgrades or installation of welding equipment for, or retrofitting or tethering” of vessels. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Reuters: UPDATE 1-U.S. senators weigh additional sanctions on Russia’s Nord Stream 2

May 29th, 2020
by John Donovan.
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UPDATE 1-U.S. senators weigh additional sanctions on Russia’s Nord Stream 2

By Timothy Gardner, Christoph Steitz and Vladimir Soldatkin: 28 MAY 2020

WASHINGTON/FRANKFURT/MOSCOW, May 28 (Reuters) – Two U.S. senators are considering drafting further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays.

U.S. sanctions legislation originally sponsored by Senators Ted Cruz, a Republican, and Jeanne Shaheen, a Democrat, in December halted work by Swiss-Dutch company Allseas on the pipeline that aims to boost Russia’s gas exports under the Baltic Sea to Germany. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: The World’s Most Controversial Gas Pipeline Is Nearing Its Endgame

May 13th, 2020
by John Donovan.
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The World’s Most Controversial Gas Pipeline Is Nearing Its Endgame

The almost 10 billion-euro ($11 billion) project is being financed by Royal Dutch Shell Plc… and…

Bloomberg News: Jonathan Tirone: May 13, 2020: 5:29 AM EDT: Last Updated May 13, 2020

(Bloomberg) — Construction of the world’s most controversial natural gas pipeline is about to enter the endgame of an energy dispute that’s pitted the U.S. against Russia and some of its closest trans-Atlantic allies, satellite images show.

The Nord Stream 2 pipeline, built to increase the flow of Russian gas into Europe’s biggest economy, was thwarted five months ago after U.S. President Donald Trump imposed sanctions that forced workers to retreat. Now, after a three-month voyage circumnavigating the globe, the Akademik Cherskiy, the Russian pipe-laying vessel that’s a prime candidate to finish the project, has anchored off the German port where the remaining pipeline sections are waiting to be installed. read more

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Reuters: Shell ditches Russian Arctic oil joint project

Apr 13th, 2020
by John Donovan.
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APRIL 13, 2020 / 9.09 PM

MOSCOW, April 13 (Reuters) – International energy major Shell has decided not to complete a deal on a Russian Arctic oil joint venture, Meretoyakha Neftegaz, it was expected to enter with Gazprom Neft, because of some “external” factors.

Total resources at fields of Meretoyakha Neftegaz were valued by Gazprom Neft at 1.1 billion tonnes (over 8 billion barrels of oil).

The decision has been taken against the background of falling global investments into energy projects over weak oil and gas demand and prices amid the global economic downturn, overproduction and the spread of the coronavirus. read more

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Is Gazprom’s LNG Megaproject Doomed To Fail?

Apr 4th, 2020
by John Donovan.
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Viktor Katona: Oilprice.com April 4, 2020

The gas giant Gazprom is no longer in the spotlight after the US Treasury sanctioned Rosneft, the Russian national oil company, most probably triggering the collapse of the OPEC+ agreement and bringing about an unexpectedly low pricing environment for March 2020 within both the oil and gas segments. Having launched Power of Siberia to China, Gazprom is now intent on bringing Nord Stream-2 online before the end of the year, moving its own pipe-laying vessel from the Russian Far East to the Baltic region to deliver on all its major promises from the 2010s. Yet there is one project that has had significant problems starting up, combining in itself all the deficiencies of modern-day Russia. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Bloomberg: U.S. Says It Has Thwarted $6 Billion Russia-Germany Gas Pipeline

Feb 16th, 2020
by John Donovan.
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Bloomberg News: Patrick Donahue and Matthew Miller: February 15, 2020

(Bloomberg) — President Donald Trump’s top energy official said he’s confident that Russia won’t be able to complete the Nord Stream 2 gas pipeline in the Baltic Sea — and signaled that the U.S. will press forward with its opposition to the project.

Asked about Russian efforts to circumvent U.S. sanctions on the pipeline by completing it on its own, U.S. Energy Secretary Dan Brouillette said “they can’t” — and dismissed claims that project owner Gazprom PJSC will face only a short delay. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.

Output at Europe’s giant Groningen gas field plunges in Dec, dents Dutch stocks

Jan 17th, 2020
by John Donovan.
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Natural gas output at Europe’s largest onshore gas field, the Netherlands’ Groningen, continued to fall sharply in December following the Dutch government’s tightening of the production quota, with volumes down 43% year on year.

The rapidly declining output at the field has eaten away at Dutch gas stocks, which have now fallen below Gas Year 2018 levels and are well below the European average.

A production cap has been put in place to prevent earthquakes linked to gas extraction at Groningen and the Dutch government plans to phase out gas extraction at the field completely by mid-2022. read more

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Dutch FD: Russia has a ship to finish Nord Stream 2

Dec 27th, 2019
by John Donovan.
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English translation of an article published today by the Dutch FD

Russia has a ship to finish Nord Stream 2

From our editor

Russian President Vladimir Putin said that Russia itself has a pipeline ship to complete the construction of the Nord Stream 2 gas pipeline to Germany. The newspaper Kommersant reported this on Thursday, based on anonymous sources.

Earlier this week, under pressure from US sanctions legislation, the Dutch-Swiss offshore group Allseas stopped the construction of Nord Stream 2. This pipeline runs from the Russian Oest-Luga through the Baltic Sea and the Baltic Sea to the German Greifswald. read more

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Why the World Worries About Russia/Shell/USA Nord Stream 2 Showdown

Dec 24th, 2019
by John Donovan.
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By Anna Shiryaevskaya and Dina Khrennikova | Bloomberg Dec. 24, 2019 at 7:06 a.m. GMT

A new natural gas pipeline into Europe from Russia is shaking up geopolitics. Nord Stream 2, as it’s called, worries leaders in Eastern Europe, has put German Chancellor Angela Merkel on the hot seat and most recently has become the target of U.S. sanctions. The punitive measures approved by U.S. President Donald Trump have stymied construction just as the final sections of pipe were about to be laid.

1. What is Nord Stream 2?

It’s a planned 1,230-kilometer (764-mile) undersea pipeline that will carry natural gas from Russian fields to the European network at Germany’s Baltic coast. It will double the capacity of an existing undersea route — the original Nord Stream — that opened in 2011. Russia’s Gazprom PJSC owns the project, with Royal Dutch Shell Plc and four other investors including Germany’s Uniper SE and Wintershall AG providing half of the 9.5 billion-euro ($10.7 billion) cost. Denmark removed one of the project’s last hurdles in October when it approved construction of the link through its waters. read more

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Nord Stream 2 Confrontation

Dec 24th, 2019
by John Donovan.
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English translation of two Nord Stream 2 articles published today by the Dutch FD.

Berlin convinced: sanctions cannot stop the construction of the last 160 km of Nord Stream 2

By Pieter Lalkens and Jeroen Groot: 24 Dec 2019

The Solitaire was one of the ships of the Dutch-Swiss offshore company Allseas who worked on the Nord Stream 2. Gas pipeline. Photo: Reuters

In brief

  • Allseas has stopped the construction of Nord Stream 2 under pressure from the American sanctions.
  • But the gas pipeline is simply being phased out, German politicians expect.
  • The latter does entail delays and higher costs.

Although the Dutch-Swiss offshore group Allseas has stopped the construction of Nord Stream 2 under pressure from US sanctions legislation, the gas pipeline from Russia to Germany will be phased out in the view of German politics. The sanctions will only lead to a few months delay and higher costs.

“I assume that the Nord Stream 2 gas pipeline will be delivered in the second half of 2020,” said Peter Beyer, member of the Foreign Affairs Committee of the German parliament, in a conversation with radio station Deutschlandfunk on Monday. read more

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OILPRICE.COM: Nord Stream 2 Is “Past The Point Of No Return”

Dec 14th, 2019
by John Donovan.
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French electricity and gas firm Engie SA and Royal Dutch Shell are among other major companies alongside Gazprom which are major players in the controversial project.

By Zerohedge.com

Included in Wednesday’s just passed mammoth 2020 National Defense Authorization Act (NDAA) — which increases the Pentagon budget by $22 billion (to a whopping $738 billion) — were long-threatened sanctions on Russia’s Nord Stream 2 underwater natural gas pipeline.

In the House bill, expected to be approved by the Senate sometime next week before Trump signs it into law, are measures which specifically target companies assembling the pipeline, a last ditch US effort to block the controversial 760-mile project that would allow Russia to export natural gas directly to Germany, depriving Ukraine of badly needed gas transit fees along the current route for Russian supplies. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan. There is also a Wikipedia segment.
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