Speaking to the Virginia-based Axios news site over the weekend, the Ukrainian president said he had been blindsided by Washington’s decision to halt the bulk of sanctions aimed against the Russian-backed pipeline, which links the Siberian gas fields to consumers in Germany, the first segment of which was completed on …
Read More »First stretch of Nord Stream 2 gas pipeline completed on Friday morning Putin reveals, despite vehement US objections to scheme
Speaking at the St. Petersburg Economic Forum, Putin said “I am pleased to say that today, just two-and-a-half-hours ago, we have completed laying the pipes for the first section of Nord Stream 2, and works are advancing on the second segment.” “The gas pipeline, including the segment under the sea, …
Read More »Russia’s Nord Stream 2 gas pipeline serves Austria’s economic interests – Chancellor Kurz
According to the chancellor, who will speak at the St Petersburg Economic Forum’s plenary session via video link on Friday, the Russian gas project aligns with Vienna’s economic interests. “I am very pleased that the United States no longer threatens companies participating in the Nord Stream 2 project with sanctions. …
Read More »Going with the flow: Russia doesn’t plan to shut off gas to Ukraine after Nord Stream 2 pipeline complete, top diplomat insists
Speaking to RIA Novosti in an interview published on Monday, Dmitry Birichevsky, the director of economic co-operation at the country’s Foreign Ministry, said that fears Russia could turn off the tap on supplies to its neighbor were unfounded. “We have no plan to suspend gas supplies through Ukraine,” he said, …
Read More »Russia & Pakistan agree to build gas pipeline from Karachi to Lahore in biggest deal in decades
Russia’s Energy Minister Nikolay Shulginov and the Pakistani Ambassador, Shafqat Ali Khan, signed a revised agreement on the project in Moscow on Friday, opening the way for the start of construction in the near future. Spanning more than 1,100 kilometers, the pipeline dubbed the ‘Pakistan Stream’ is expected to have …
Read More »Biden says Nord Stream 2 sanctions waived because pipeline nearly done & fighting it now would be ‘counterproductive’ with allies
“I had been opposed to Nord Stream 2 from the beginning, but it was almost completed by the time I took office,” Joe Biden told reporters outside the White House on Tuesday. “To go ahead and impose sanctions now, I think is counterproductive in terms of our European relations.” The …
Read More »Colonial Pipeline CEO confirms paying $4.4 million ransom to hackers, says he did it for America
Giving in to the demands of the blackmailers was “a highly controversial decision,” Blount told the Wall Street Journal in his first interview since the devastating cyberattack on May 7, which saw Colonial Pipeline losing access to its computer systems. He said he authorized the payment of the ransom by …
Read More »Report says US will waive some sanctions on Nord Stream 2 pipeline – but reveals possible ‘Plan B’ to stop Russia-Germany gas link
Nord Stream 2 AG and its CEO Matthias Warnig – a former East German secret agent turned investment banker – are engaging in “sanctionable activity” but the US State Department will waive those sanctions, citing national interests, and sanction “a handful of Russian ships” instead – at least according to …
Read More »Iraq revives its monster pipeline project
Baghdad has committed to an ambitious timeline of reaching self-sufficiency by 2024-2025, with several large-scale projects being developed simultaneously. The announced gas-boosting drive will encompass Total spearheading the revived $7 billion Common Seawater Supply Project (injecting desalinated water into Basrah fields and processing the freed-up gas), Sinopec developing the 4.5 …
Read More »US capital running out of gas despite Colonial Pipeline resuming operations
The six-day shutdown of the Colonial Pipeline network, the biggest fuel-carrying infrastructure facility in the United States, which supplies almost half of the gasoline and diesel that the East Coast consumes, was prompted by a ransomware cyberattack. The attack forced the Colonial Pipeline Company, the pipeline’s operator, to halt supplies …
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