Repairs to two of the three mooring points of the Caspian Pipeline Consortium (CPC) pipeline damaged by a storm in Russia’s section of the Black Sea “will take, tentatively speaking, at least three to four weeks,” its operator said on Monday. The CPC is one of the world’s key crude …
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One of the world’s key crude routes, the Caspian Pipeline Consortium (CPC), suspended oil loading at its Black Sea marine terminal near Novorossiysk on Wednesday due to “critical” storm-caused damage to the equipment. Crude pumping has been reduced, with operations potentially fully halting in a day. “To date, loading at …
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The Caspian Pipeline Consortium (CPC) – one of the world’s key pipelines – was forced to suspend the operation of one of the remote mooring devices at its Marine Terminal near Novorossiysk due to “critical” storm-caused damage to the equipment. As a result of the incident, the oil deficit on …
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The US will impose sanctions on the operator of the Nord Stream 2 pipeline, and target its top executives with personal restrictions, President Joe Biden said in a statement on Wednesday. “I have directed my administration to impose sanctions on Nord Stream 2 AG and its corporate officers. These steps …
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US President Joe Biden threatened on Monday to shut down Nord Stream 2, a crucial Germany-Russia pipeline, if Russian troops cross the border into Ukraine. Biden made the threat as he was speaking alongside German Chancellor Olaf Sholz at the joint press conference in the White House on Monday. “We …
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The Nord Stream 2 pipeline, built to deliver gas to Germany from Siberia, could be hit with harsh sanctions from Berlin if Russia decides to attack Ukraine, Foreign Minister Annalena Baerbock said. Speaking at a session of the Bundestag, the German parliament, on Wednesday, Baerbock confirmed that the underwater energy …
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A major pipeline rupture in Louisiana spilled more than 300,000 gallons of diesel into nearby ponds, killing thousands of fish and other animals before it could be recovered, according to records obtained by the Associated Press. The spill took place in St. Bernard Parish, located southeast of New Orleans, at …
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Despite consistently criticizing the Nord Stream 2 project, for many years, American Democrats are reportedly planning to derail next week’s vote on US sanctions against the Russian-backed natural gas pipeline. The party is making the U-turn because it doesn’t want to weaken President Joe Biden’s position in ongoing security discussions …
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The certification of the pipeline, which should have been completed in January 2022, was suspended in mid-November after the Bonn-based regulator insisted that Nord Stream 2 AG create a German subsidiary. The German Energy Ministry described the suspension as a regulatory issue and an interim step. After certification, the documents …
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The mega-project, completed in September after numerous roadblocks, is still far from supplying European customers, due to approval hurdles in the EU. What is Nord Stream 2? The 1,230-kilometer-long route is a new export gas pipeline running from Russia across the Baltic Sea to Germany. It runs parallel to the …
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