Skip to main content

Black Listed News
Trending Articles:
Trending Articles:

US Moves To Sanction Russia-led Gas Pipeline Nord Stream 2

Published: December 10, 2019
Share | Print This


Source: Oil Price

U.S. lawmakers have included sanctions on companies helping Russia’s gas giant Gazprom to complete the Nord Stream 2 pipeline project in the National Defense Authorization Act for the U.S. defense in 2020.

The sanctions in the bill, which U.S. lawmakers must pass to authorize defense expenditures, would target subsea construction vessels that lay the pipeline and managers at firms connected with those vessels, two people familiar with the bill told Bloomberg.

U.S. lawmakers have sought to pass a bill to levy sanctions on the Nord Stream 2 project, which the United States sees as further undermining Europe’s energy security by giving Russian gas giant Gazprom another pipeline to ship its natural gas to European markets.

Germany, the end point of the Nord Stream 2 pipeline, looks at the economic benefits of the project, while the U.S., including President Donald Trump, have been threatening sanctions on the project and even on Germany over its support for the project.

The U.S., several European countries, including the Baltic states and Poland, as well as the European Union (EU), have expressed concern about Russia using gas sales and its gas monopoly in Gazprom as a political tool.

But in October this year, Denmark granted the Gazprom-led project permission to build the pipeline through Danish territorial waters, which cleared the final major hurdle to the construction and start-up of the pipeline that has been dividing Europe and drawing criticism from the U.S. for years.

Currently, the pipeline is expected to come on stream in the middle of 2020, Russia’s Deputy Prime Minister Dmitry Kozak said last month, adding that construction of the project was 80 percent complete.

Potential sanctions from the U.S. could delay the start-up of the project as they could complicate the subsea pipe laying work with contractors. It is not clear yet if and how U.S. sanctions could impact European companies that are partially financing the project—ENGIE, OMV, Shell, Uniper, and Wintershall DEA.  

Share This Article...



Image result for patreon

You Might Like


Image result for patreon


PLEASE DISABLE AD BLOCKER TO VIEW DISQUS COMMENTS

Ad Blocking software disables some of the functionality of our website, including our comments section for some browsers.





Login with patreon to gain access to perks!

SIGN UP TO GET BLACKLISTED NEWS DELIVERED RIGHT TO YOUR INBOX

Enter your email address:




More Blacklisted News...

Blacklisted Radio
Blacklisted Nation
On Patreon
On Gab
On Twitter
On Reddit
On Facebook
Blacklisted Radio:
Republic Broadcasting
Podcasts on Youtube
Podcasts on Demand
On Iheart Radio
On Spreaker
On Stitcher
On iTunes
On Tunein

Our IP Address:
198.245.55.242

Sponsors:
Garden office

good
longboard
brands


Advertise Here...






BlackListed News 2006-2019
Privacy Policy
Terms of Service