Latest news with #NordStream2AG
Russia Today
24-05-2025
- Business
- Russia Today
German chancellor backs Nord Stream ban
German Chancellor Frederick Merz actively supports an EU plan to ban any use of the Nord Stream gas pipelines and wants to block any moves to revive energy trade with Russia, the FT reported on Friday. The move comes amid reports that Russia and the US are exploring ways to resume shipments through the still-intact line of Nord Stream 2, as part of broader efforts to normalize ties between Moscow and Washington. According to the FT, citing sources, Merz has opened talks in Berlin and Brussels to prevent any such developments, while potentially aiming to shift the burden of decision-making to the EU level. The Nord Stream 1 and 2 gas pipelines connecting Russia and Germany under the Baltic Sea have been inactive since 2022 due to EU sanctions and sabotage, which Russia insists was orchestrated by Western intelligence agencies. Earlier this month, European Commission President Ursula von der Leyen said the natural gas pipelines were part of the planned new 18th sanctions package against Russia. According to the FT, the restrictions would target Nord Stream 2 AG, the Switzerland-based entity that owns the pipelines, and any other companies that are necessary for their restart and operation. Florian Philippot, a prominent French Euroskeptic politician, has criticized the EU's proposal, calling it 'madness.' He warned that such a move would amount to a 'death sentence' for European industry. His remarks echoed broader concerns about the economic fallout from cutting ties with Russian energy. Following the 2022 sabotage and sanctions, European gas prices quadrupled compared to the previous year, placing immense strain on industry and consumers. Before 2022, Russia met up to 60% of Germany's demand for natural gas. The loss of an affordable supply resulted in production cuts and job losses across the country's industrial sector. In recent months, a growing number of German industrial leaders and politicians have advocated for the resumption of Russian gas imports. Christian Gunther, managing director of the Leuna chemical park in eastern Germany, told Reuters that affordable Russian gas is essential for reviving sectors like chemicals. Moscow has repeatedly stressed that it remains a reliable supplier and is ready to negotiate restarting gas exports to the continent.
Russia Today
23-05-2025
- Business
- Russia Today
German chancellor backs ban on Nord Stream
German Chancellor Frederick Merz actively supports an EU plan to ban any use of the Nord Stream gas pipelines and wants to block any moves to revive energy trade with Russia, the FT reported on Friday. The move comes amid reports that Russia and the US are exploring ways to resume shipments through the still-intact line of Nord Stream 2, as part of broader efforts to normalize ties between Moscow and Washington. According to the FT, citing sources, Merz has opened talks in Berlin and Brussels to prevent any such developments, while potentially aiming to shift the burden of decision-making to the EU level. The Nord Stream 1 and 2 gas pipelines connecting Russia and Germany under the Baltic Sea have been inactive since 2022 due to EU sanctions and sabotage, which Russia insists was orchestrated by Western intelligence agencies. Earlier this month, European Commission President Ursula von der Leyen said the natural gas pipelines were part of the planned new 18th sanctions package against Russia. According to the FT, the restrictions would target Nord Stream 2 AG, the Switzerland-based entity that owns the pipelines, and any other companies that are necessary for their restart and operation. Florian Philippot, a prominent French Euroskeptic politician, has criticized the EU's proposal, calling it 'madness.' He warned that such a move would amount to a 'death sentence' for European industry. His remarks echoed broader concerns about the economic fallout from cutting ties with Russian energy. Following the 2022 sabotage and sanctions, European gas prices quadrupled compared to the previous year, placing immense strain on industry and consumers. Before 2022, Russia met up to 60% of Germany's demand for natural gas. The loss of an affordable supply resulted in production cuts and job losses across the country's industrial sector. In recent months, a growing number of German industrial leaders and politicians have advocated for the resumption of Russian gas imports. Christian Gunther, managing director of the Leuna chemical park in eastern Germany, told Reuters that affordable Russian gas is essential for reviving sectors like chemicals. Moscow has repeatedly stressed that it remains a reliable supplier and is ready to negotiate restarting gas exports to the continent.
Yahoo
28-01-2025
- Business
- Yahoo
Denmark permits Gazprom's Swiss subsidiary to preserve Nord Stream 2
The Danish Energy Agency has granted permission to Nord Stream 2 AG, Gazprom's Swiss subsidiary, to carry out preservation work on the Nord Stream 2 gas pipeline in the Baltic Sea, which was damaged by a series of explosions in 2022. Source: European Pravda with reference to the Danish Energy Agency Details: The planned work involves installing specially manufactured plugs at each of the open pipe ends to prevent further gas blowout and injection of oxygenated seawater. The licence is conditional upon ensuring the pipeline's safe maintenance. Among other obligations, the company must submit an annual plan for the pipeline facilities, enabling the Danish Energy Agency to monitor its activities continuously. Nord Stream 2 AG intends to perform the preservation work in the second or third quarter of 2025, expecting the process to take 2–3 weeks. Background: The Russian gas pipeline Nord Stream 2, in which Russia has invested billions of euros, has not been put into operation since its completion – first because of legal problems, and then because of the outbreak of Russia's full-scale war against Ukraine. In September 2022, one of the branches of NS2 and both branches of Nord Stream 1 were damaged by explosions, and the investigation is still ongoing. In 2024, Nord Stream 2 AG lost a lawsuit in the EU Court of Justice over a directive that extends the rules of the internal natural gas market to gas pipelines from third countries. On 27 January 2025, Polish President Andrzej Duda stated that gas flows from Russia to Western Europe should never be restored, even if Russia and Ukraine reach a peace agreement. Support UP or become our patron!
Yahoo
28-01-2025
- Business
- Yahoo
Denmark gives go-ahead to maintenance work on Nord Stream 2 pipeline
The operating company of the Nord Stream 2 gas pipeline is being allowed to carry out maintenance work on its pipeline in the Baltic Sea, which was damaged in 2022. The Danish Energy Agency on Tuesday granted Nord Stream 2 AG, which belongs to the Russian Gazprom group, permission to carry out such work on the pipe under certain conditions. The work involves installing special plugs at the open pipe ends to prevent further leakage of natural gas. The work, scheduled for the second or third quarter of 2025, is expected to take two to three weeks. According to the agency, the damaged pipeline A still contains a significant amount of natural gas, while pipeline B is intact and filled. Several explosions in September 2022 damaged the two pipes of the Nord Stream 1 gas pipeline and one of the two pipes of Nord Stream 2. Russian natural gas had previously flowed to Germany through Nord Stream 1. Gas was also to be delivered to Germany via the almost €10-billion ($10.46-billion), 1,200-kilometre-long Nord Stream 2 pipeline. However, it was never put into operation after completion because gas imports from Russia were suspended in response to the Russian invasion of Ukraine.
Reuters
28-01-2025
- Business
- Reuters
Denmark to allow preservation work on damaged Nord Stream 2 pipeline
HELSINKI, Jan 28 (Reuters) - Denmark's energy agency on Tuesday said it had granted Nord Stream 2 AG, a unit of Russia's Gazprom ( opens new tab, permission to conduct preservation work on the Nord Stream 2 gas pipeline in the Baltic Sea, which was damaged in a series of blasts in 2022. "The work aims to preserve the damaged pipeline by installing customised plugs at each of the open pipe ends to prevent further gas blow-out and the introduction of oxygenated seawater," the agency said in a statement. Nord Stream 2 AG completed the $11 billion pipeline project in 2021 to pump gas from Russia to Germany. But Germany halted the plan as relations with Moscow broke down ahead of Russia's war in Ukraine, while the United States imposed sanctions. In September 2022, one of the two lines of the Nord Stream 2 pipeline was damaged by mysterious blasts, along with both lines of Nord Stream 1. No one has taken responsibility for causing the damage.
