“Undoubtedly, the early commissioning of Nord Stream 2 will significantly balance the price parameters for natural gas in Europe, including on the physical market; this is obvious,” the official said, commenting on the unprecedented rise in European gas prices over the past 24 hours. He stressed that given the current …
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The price of the October futures on the TTF hub in the Netherlands on September 14 surpassed $800 per 1,000 cubic meters, or 65.50 euro per megawatt-hour in household terms. Gaining over $70 per 1,000 cubic meters in just one day, the price of gas in Europe is now at …
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Now, the team behind the construction, having welded the final segment into place, say gas could start flowing as early as October. While some German regulatory decisions are still pending, there are no clear signs Nord Stream 2 can be blocked at this point. “We expect that millions of European …
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In a statement posted to her Telegram channel on Friday, Foreign Ministry Spokeswoman Maria Zakharova said that the timing was now being decided by regulators in Germany, where the underwater link terminates. “We expect that millions of European consumers in the near future will be able to receive Russian gas …
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In a statement issued on Friday, Alexey Miller, Chairman of the Saint Petersburg-based energy giant, said that “at 8.45am this morning Moscow time, work on the Nord Stream 2 pipeline has been completed.” Earlier this week, Russian Foreign Minister Sergey Lavrov revealed that the laying of pipes under the Baltic …
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According to Cruz, speaking at an event hosted by the pro-NATO lobby group the Atlantic Council, American sanctions would sink the project. US Deputy Assistant Secretary of State Christopher Robinson backed him up, insisting he was confident it would never be completed. That confidence must have been chipped away in …
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Lubmin is a tiny town of just over 2,000 residents, laying on Germany’s northeastern coast. It has found itself in the middle of big infrastructure projects and political games, as it houses receiving stations for Nord Stream 1 and 2 pipelines. The latter had its last section welded on Monday …
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Speaking at a meeting in St. Petersburg on Monday, the veteran diplomat announced that final preparations are being made on the underwater link, which will connect the gas fields of Siberia to consumers in Western Europe. “It will be completed in a few days and will begin working,” he said. …
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“Matthias Warnig [Nord Stream AG CEO] said that without a doubt pipe laying will be completed this week,” Seele, who resigned as OMV head just last week, told TASS. He also said that the first gas deliveries via Nord Stream 2 will be carried out by year’s end. “I heard …
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Russia’s Gazprom subsidiary, Swiss-based Nord Stream 2 AG, involved in the construction of the Nord Stream 2 pipeline, lost a court battle over exclusive access to the infrastructure earlier this week. The company was seeking an exemption from the provisions of the EU Gas Directive that bans a single firm …
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