Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Germany’

Merkel Scrapping Nord Stream Would Unravel German Gas Strategy

(Shell may have to write off Nord Stream 2 investment if project collapses)

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Why the World Worries About Russia’s Natural Gas Pipeline

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Navalny Poisoning Raises Pressure on Merkel to Cancel Russian Pipeline

Evidence that the Russian opposition leader was attacked with a military-grade nerve agent has placed new pressures on the German chancellor.

By Steven Erlanger and  

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.

It is getting harder for her to have it both ways. German foreign policy has been notably more assertive to Russia after the country seized Crimea and shot down a Malaysian airliner, and to China after its increasing boldness and repression at home and abroad under its leader, Xi Jinping.

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Calls mount for Germany to rethink Nord Stream 2 pipeline after Navalny poisoning

Shell may have to write off Nord Stream 2 investment if project collapses

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell may have to write off Nord Stream 2 investment if project collapses

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Russia Looks To Lure Shell Into New Arctic Oil Project

Russia Looks To Lure Shell Into New Arctic Oil Project

By Simon Watkins – Aug 10, 2020, 4:00 PM CDT

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Energy News 24: The United States must not intervene with the Nord Stream 2 project says the Russian Spokeswoman

2 Jan 2020

The Nord Stream 2 gas pipeline is a European affair, and the US must not intervene with this initiative, said Maria Zakharova, spokeswoman for the Russian Foreign Ministry.

Last week, US President Donald Trump signed the Fiscal Year 2020 National Defense Authorization Act, which includes penalties for Nord Stream 2. Allseas’s Swiss company stopped digging the pipes under the pressure of U.S. restrictions.

“If Nord Stream 2 had reached the territories of the U.S. somehow, I would have appreciated the debate of the possible involvement of Washington in these issues. No one has to deal with that, except the nations involved in the project because of geographical and financial aspects, “Zakharova told the Rossiya 24 channel. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Nord Stream 2 Confrontation

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Reuters: Nord Stream 2 to Press on With Europe Gas Pipe, Despite U.S. Sanctions

Nord Stream 2 contractor, Swiss-Dutch company Allseas, announced on Friday it had suspended pipe-laying activities. Nord Stream 2, which aims to double the Nord Stream route’s existing capacity of 55 billion cubic meters (bcm) of gas a year, is owned by Gazprom, which is financing half of the project worth about 9.5 billion euros ($10.5 billion). Other partners in Nord Stream 2 are Austria’s OMV, the German firms Uniper and Wintershall, Anglo-Dutch energy major Royal Dutch Shell…

By Reuters: Dec. 21, 2019

MOSCOW — The group behind Nord Stream 2 said on Saturday it aimed to complete a pipeline to boost Russian gas supplies to Europe as soon as possible, after U.S. sanctions prompted a major contractor to suspend pipe-laying activities.

U.S. President Donald Trump signed a bill on Friday that included legislation imposing sanctions on firms laying pipe for Nord Stream 2, which seeks to double gas capacity along the northern Nord Stream pipeline route to Germany.

Washington, which has been seeking to sell more of its own liquefied natural gas (LNG) to European states, has said Nord Stream 2 will make Europe too reliant on Russian supplies. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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

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

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Washington Post: Why the World Worries About Russia’s Natural Gas Pipeline

Russia’s Gazprom PJSC owns the project, with Royal Dutch Shell Plc and four other investors…

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 has prompted calls for sanctions from U.S. senators. Denmark gave approval on Oct. 30 for the pipeline to traverse its sub-sea territory, removing the final hurdle to its completion. Russian gas could be flowing through the conduit as soon as early next year.

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) in cost. As of the end of October, the link was 87% complete, according to Nord Stream. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell chief insists Brent decommissioning plans ‘right thing to do’

A boss at Shell insisted today that leaving the huge concrete legs of the Brent platforms at sea was the “right thing to do”.

Chief financial officer Jessica Uhl said she “appreciated the sensitivities” around the issue, but hoped the “strong fundamentals” of Shell’s plans would “come through”.

Earlier this month, Greenpeace activists protested against Shell’s intention not to remove the legs of three of the platforms from the North Sea.

The Anglo-Dutch company submitted its decommissioning programme in 2017, but has yet to receive formal approval from the UK Government, which has the final say on whether to grant a permit for “derogation”. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
%d bloggers like this: