Energy

Reckless posturing by the US over Russo-German Nord Stream 2 gas pipeline threatens erosion of trust between Washington and the EU

The US has been using the Russian Nord Stream 2 gas pipeline project for its politicized carrot-and-stick maneuvers in relations with the EU. But this type of foreign policy only erodes trust within alliances. Meeting in Brussels on Wednesday, the European Parliament weighed two separate sets of remarks relating to Russian energy policies. These remarks […]

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Austrian Chancellor Speaks Against Tying Future of Nord Stream Gas Link to Navalny Case

MOSCOW – Austrian Chancellor Sebastian Kurz has rejected calls to abandon the Nord Stream 2 pipeline construction after a Russian court jailed opposition activist Alexey Navalny for 3.5 years. “I welcome the German federal government’s decision to stand by Nord Stream 2”, Kurz said in an interview with the Welt am Sonntag newspaper, published Saturday. […]

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US Troops Not Involved in Guarding Syria’s Stolen Oil, Pentagon Says

In 2019, the US redeployed troops from the Syrian-Turkish border into the war-torn country’s interior, with President Donald Trump admitting freely that the forces were assigned to “take the oil.” Russia estimates that the Pentagon, the CIA, contractors and Kurdish militias make over $30 million a month smuggling the stolen oil out of the country. […]

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Russian Ambassador Notes Austria’s Great Interest in Russian Coronavirus Vaccines Use

VIENNA – The experience of administration of Russian vaccines against COVID-19 is raising a great interest in Austria even though the countries are not currently engaged in specific negotiations, Russian ambassador Dmitry Lyubinsky said, praising the efficacy of the Russian vaccines. “There are currently no negotiations on exact plans related to the potential use of […]

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US ‘Must Realise’ It Cannot Stop Nord Stream 2 Construction, Oxford Analyst Says

Multi-billion-euro gas pipeline project Nord Stream 2 was put on pause last year after the United States imposed sanctions against firms involved in its construction. The project’s operator said on Saturday that it was planning to resume “the pipe-laying work” this year. American sanctions will not stop the Nord Stream 2 project from being completed, […]

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‘Like mafia’: US tramples over European sovereignty in bid to stop Nord Stream 2, EU must FIGHT BACK – German MP to RT

Washington’s desperate attempts to stop the construction of the Nord Stream 2 gas pipeline linking Russia and Germany resemble mafia methods, senior German parliament member, Klaus Ernst, told RT, calling on the EU to fight back. “Their actions resemble those of a mafia,” Ernst told RT Deutsch on Wednesday, speaking about the renewed threats of […]

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German Businesses Pen Letter to Democrat Lawmakers Urging US to Lift Sanctions on Nord Stream 2

Washington already imposed sanctions on the Russian-German energy project late last year, tacking them on to the US National Defence Authorization Act. Now, a bipartisan group of lawmakers from both the House and Senate is reportedly looking to introduce additional restrictions against it before the end of the year. An influential group of German businesses […]

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Mass production of first Russian electric car to start by end of year

After pandemic-related delays, Russia’s first electric car, called the Zetta, is set to enter serial production in late 2020, the country’s Industry and Trade Minister Denis Manturov has revealed. The Zetta will roll off the production line in the city of Tolyatti, one of the major centers of Russia’s automotive industry. The cars will first […]

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Nord Stream 2 Project ‘Will Be Completed’, German Foreign Minister Maas Says

In mid-September, Kremlin spokesman Dmitry Peskov warned against politicising the Nord Stream 2 gas pipeline project, which he said is profitable for both Russia and the EU. The statement came amid Berlin’s threats to freeze the project due to Moscow’s alleged role in the purported poisoning of Russian opposition figure Alexei Navalny.German Foreign Minister Heiko […]

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Pressure on Nord Stream 2 Increased Before Navalny Case, German Lawmaker Claims

In mid-September, German Foreign Minister Heiko Maas said that Berlin does not rule out freezing the Nord Stream 2 project over the alleged poisoning of Russian opposition figure Alexei Navalny. Olga Petersen, a member of the Alternative for Germany (AfD) party, told the Russian daily Komsomolskaya Pravda that the increasing pressure on the Nord Stream […]

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Germany warns US against imposing sanctions on Nord Stream 2, says no country has right to ‘dictate’ its energy policy

German Foreign Minister Heiko Maas has warned the United States not to interfere with the completion of the Russian-led Nord Stream 2 gas pipeline project, stressing that Europe has the right to choose its own energy sources. “Sanctions between partners are definitely the wrong way to go,” Maas said during a joint press conference with […]

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Completion of Nord Stream 2 to Cut Europe Gas Prices by 25%, Consulting Company Says

European prices for natural gas would drop by about one quarter if the Nord Stream 2 pipeline connecting Russia to Germany were completed, the consulting firm Wood Mackenzie said in a report on Friday. “If Nord Stream 2 remains unfinished, European benchmark TTF gas is expected to average about $4 per million British Thermal Units […]

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Customers Turn Down American LNG in Growing Numbers Amid Global Supply Glut, Traders Say

American LNG exports are estimated to have dropped by around a half since January due to a collapse in demand which led to lack of storage space in overseas facilities. Buyers of US-extracted liquefied natural gas (LNG) may cancel up to 60 percent of July orders, as the energy industry is reeling from a global […]

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Will Trump go to war with Iran to save America’s oil industry?

It’s believed that a US-Iran war would disrupt the flow of Middle Eastern oil and, as such, should be avoided at all costs. With US oil futures trading in the negative, has the risk of such a war suddenly become attractive? Last week, nearly a dozen Iranian Islamic Revolutionary Guard Corps Navy (IRGCN) vessels harassed […]

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Forget the oil prices, the whole US dollar bubble is deflating – Peter Schiff 🎞️

The drop in oil prices is likely to be short-lived, veteran stock broker Peter Schiff told RT, since the deflation of the whole US debt bubble and crash of the dollar will make the prices of oil and other commodities bounce up. Decline in demand for oil due to the coronavirus epidemic, further reinforced by […]

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