Russia & CIS

Feasibility Analysis for Gazprom’s Soyuz Vostok Gas Pipeline Project Approved

The feasibility analysis regarding the construction project for the Soyuz Vostok gas trunkline was approved Monday, Gazprom announced.

Gazprom Repairing North Caucasus-Transcaucasia Gas Pipeline

More than 120 people and 50 units of machinery are working to repair a section of the North Caucasus-Transcaucasia gas pipeline, Russia’s Gazprom announced.

Russia Expects Maritime Rules to be Respected Amid Nord Stream 2 Concerns

Russia expects all maritime traffic rules "to be strictly observed" in the area of the construction site of the Nord Stream 2 gas pipeline, a foreign ministry official said.

Nord Stream 2 Warns of Security Risks to Pipeline from Warships, Planes

The consortium behind the construction of the Nord Stream 2 gas pipeline warned about security risks to the project from warships and planes, as the link is nearing completion.

Merkel Ally Demands Temporary Halt to Nord Stream 2

Germany's coordinator for transatlantic relations called on Wednesday for a moratorium on the construction of the Nord Stream 2 natural gas pipeline from Russia to Europe, breaking ranks with many in Chancellor Angela Merkel's government.

Russia's Transneft Posts 26% Fall in 2020 Net Profit

Russian oil pipeline monopoly Transneft's net profit fell by 26% last year to 133.2 billion roubles ($1.8 billion) as lower volumes of oil were transported amid global production cuts and the COVID-19 pandemic.

U.S. Secretary of State: Finishing Nord Stream 2 Pipeline Ultimately Up to Builders

U.S. Secretary of State Antony Blinken said in an interview that it was ultimately up to those building the Nord Stream 2 natural gas pipeline whether to complete it despite opposition from Washington.

Gazprom Chairman Expects Nord Stream 2 Pipeline Completion This Year Despite U.S. Pressure

The chairman of Russian gas producer Gazprom's board was cited by the TASS news agency on Friday as saying that construction of the Nord Stream 2 gas pipeline to Germany would be completed this year despite U.S. opposition to the project.

U.S.'s Blinken Warned Germany's Maas About Nord Stream 2 Sanctions

U.S. Secretary of State Antony Blinken said he had told his German counterpart that sanctions against the Nord Stream 2 natural gas pipeline were a real possibility and there was "no ambiguity" in American opposition to its construction.

U.S. Senators Want Biden to Speed Sanctions Over Nord Stream 2 Pipeline

Two senior U.S. Senate Democrats urged President Joe Biden's administration on Tuesday to make a full diplomatic push to stop the Nord Stream 2 natural gas pipeline from Russia to Europe, increasing pressure on the issue from members of his party.

At NATO, Blinken Warns Germany Over Nord Stream 2 Pipeline

U.S. Secretary of State Antony Blinken said the Nord Stream 2 pipeline being built from Russia to Germany ran counter to the European Union's own interests and could undermine Ukraine.

Germany's Greens Vow to Abolish Russian Gas Pipeline After Election

Germany's Greens have enshrined in their election program plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe's biggest economy, creating a hurdle to a potential alliance with the conservatives.

Biden Weighing New Sanctions to Block Russian Gas Pipeline

President Joe Biden's administration is weighing additional sanctions to block construction of the nearly completed Nord Stream 2 pipeline from Russia to Germany, potentially including the project's parent company Nord Stream 2 AG, Bloomberg News reported.

U.S. Secretary of State Warns Nord Stream 2 Pipeline Entities to Immediately Quit

The U.S. State Department is tracking efforts to complete Russia's Nord Stream 2 natural gas pipeline and evaluating information on entities that appear to be involved, U.S. Secretary of State Antony Blinken said on Thursday.

Russian Vessel to Join Nord Stream 2 Construction This Month

A Russian pipe-laying vessel, the Akademik Cherskiy, will join in the construction of the Nord Stream 2 undersea gas pipeline in Danish waters at the end of March, the RIA news agency reported on Wednesday.

Analysis: Germany Bets U.S. Will Make the Best of 'Bad Deal' Nord Stream Gas Link

Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition.

Russia's Rosneft to Sell Southern Assets, Focus on Vostok Oil

Rosneft is selling its three southern oil assets and could complete deals for all three by the end of May as Russia's top oil company shifts focus to the giant northern Vostok Oil project.

Senator Holds Biden's CIA Pick Over Nord Stream 2 Pipeline

Republican Senator Ted Cruz put a hold late on Friday on President Joe Biden's pick to lead the CIA to pressure the administration to put tough sanctions on Russia's Nord Stream 2 natural gas pipeline project.

Second Russian Pipe-Laying Vessel Joining Nord Stream 2 Construction

The consortium behind the Nord Stream 2 undersea gas pipeline said on Thursday a second Russian pipe-laying vessel is undergoing sea trials ahead of joining the project, as it presses on with construction despite growing political pressure.

18 Companies Quit Nord Stream 2 Pipeline Project

Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.

Russia’s Gazprom Says LNG, Natural Gas Shouldn't Compete in Export Markets

Russia should ensure its natural gas and LNG supplies do not compete in international markets, Gazprom said, amid signs a local LNG rival is becoming increasingly important in the European market traditionally dominated by Gazprom.

EU Says it Does Not Need Nord Stream 2, Only Germany Can Block it

The European Union does not need the Nord Stream 2 pipeline for its energy security but any decision to stop the project carrying Russian natural gas to Germany would have to come from Berlin, a senior European Commission official said.

Munich Re Stops Insuring Nord Stream 2 Amid Sanctions Threat

A subsidiary of Germany's Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid the fear of sanctions by the U.S. government.

Biden Admin Designates Russian Ship as Helping to Build Nord Stream 2 Pipeline

The Biden administration identified a Russian ship and a company it believes are helping to build the Nord Stream 2 pipeline, but the entities had already been sanctioned by the Trump administration and the project's opponents in Congress said the move would do little to halt work on it.

U.S. to Unveil Nord Stream 2 Pipeline Report, Sanctions May Take Time

The Biden administration is expected to name as early as Friday the companies it believes are helping build Russia's Nord Stream 2 pipeline, a move that could eventually prompt sanctions on the nearly completed project.

Putin Says Russia Needs to Protect Elections from Foreign Meddling

Some European countries have called for sanctions against Moscow, including halting the construction of the undersea Nord Stream 2 gas pipeline, designed to export gas from Russia to Germany by bypassing Ukraine.

Germany Looking at Green Hydrogen Co-operation with Russia

Germany is in close communication with Russia about the potential of "green" hydrogen production and transport, Economy Minister Peter Altmaier said.

Senators Prod Biden Admin on Nord Stream 2 Pipeline Sanctions

Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated was a "bad deal" for Europe.

Novak Tells Russian TV Oil Market on Recovery Path

The global oil market is on a recovery path and the oil price this year could average $45-$60 per barrel, Russian Deputy Prime Minister Alexander Novak was quoted as saying on Sunday.

Russia’s Gazprom Taps Eurobond Market Again with 1 billion Euro Deal

Gazprom returned to the bond market Wednesday with a new 1 billion euro ($1.21 billion) Eurobond issue, Gazprombank said, in a sign of investor confidence in the state-controlled Russian gas producer despite tensions with the West.