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Energy

World’s Biggest Construction Ship to Start Laying Nord Stream 2 Pipes Next Week

The world’s largest construction vessel, Pioneering Spirit, will begin laying pipes for the Nord Stream 2 project in the Finnish exclusive economic zone next week, Nord Stream 2 AG said in a statement.

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Austrian Chancellor Supports Nord Stream 2 Pipeline, Despite ‘US Scrutiny’

Earlier, Germany voiced support for the construction of the second Nord Stream pipeline amid criticism from US President Donald Trump, who has urged EU countries to abandon the project and buy American liquefied natural gas (LNG) instead.

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Berlin says crisis in Ukraine & Nord Stream 2 pipeline are two separate issues

The Russian-led gas pipeline project Nord Stream 2, which is aimed at delivering Russian gas to Europe via Germany, must be completed, according to the German Federal Minister for Economic Affairs and Energy Peter Altmaier. The minister says the conflict between Russia and Ukraine has nothing to do with the project.

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‘Oddly Enough’: Three Tankers With Russian LNG on Board Arrive in US – Moscow

The announcement comes after President Donald Trump welcomed the German government’s intention to fund the construction of a terminal to supply liquefied natural gas from the United States, despite Berlin’s plans to take part in the implementation of the Nord Stream 2 gas pipeline project.

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Nord Stream 2 AG Built Over 150 Miles of Gas Pipeline Despite US Opposition

Nord Stream 2 AG, a Swiss-based firm behind the construction of Gazprom’s gas pipeline across the Baltic Sea, has laid about 250 kilometers (155 miles) of pipes, company spokesman Jens Mueller told Sputnik.

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No Oil, No Army: Costa Rica First Nation to Eliminate Fossil Fuels

Costa Rica will become the first nation in the world to completely eliminate fossil fuels. In May, the country’s new president, 38-year-old former journalist Carlos Alvarado announced the plan to ban fossil fuels during his inauguration speech.

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Do the Math: Now Cheaper to Build Wind Farms Than Keep Coal Plants Active

Global investors report that after all the data is sorted it is now cheaper to build a new solar or wind farm than to maintain an existing coal plant.

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US, Ukraine to Work Together to Stop Nord Stream 2 Project – Pompeo

WASHINGTON (Sputnik) – The United States and Ukraine will cooperate on halting the construction of the Nord Stream 2 gas pipeline, Secretary of State Mike Pompeo said after a meeting with his Ukrainian counterpart Pavlo Klimkin in Washington, DC. “We will keep working together to stop the Nord Stream 2 project that undermines Ukraine’s economic and strategic […]

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US continues imports of Russian gas which it insists Europe should stop buying

Several cargo ships carrying liquefied natural gas (LNG) from Russia’s Yamal LNG plant have arrived in the US, Russia’s Foreign Ministry spokesperson Maria Zakharova announced, highlighting the obvious weirdness of the situation.

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US Envoy to EU Voices ‘Blatant Threat’ to Nord Stream 2 – Report

Washington has been putting external pressure on EU states over the Russian-European Nord Stream 2 project and repeatedly threatened to impose sanctions on the involved entities. The US cites security and energy independence reasons, while promoting more expensive US LNG.

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European States Line Up for Turkish Stream Gas, Casting Shadow on US LNG Future

A number of European countries have recently signaled willingness to receive Russian natural gas through the Turkish Stream pipeline. Italy, Bulgaria, Serbia, and Hungary are seeking to boost purchases of Russian hydrocarbons. In light of this trend the future of the expected US LNG boom seems bleak.

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This landmark LNG deal will change energy geopolitics forever

China’s LNG demand grew by a record 8 mt in 2017 and is set to expand by another record 12 mt this year, making up 50 percent of all global LNG demand growth, energy consultancy Wood Mackenzie said in a new report last week. The country’s spike in LNG usage comes as Beijing pushes forward […]

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Germany sees Russia as stable energy partner as US demands Europe dump Nord Stream 2 pipeline

Europe should stop backing a Russia-led project to deliver natural gas to the continent, according to US Assistant Secretary of State for European and Eurasian Affairs Wess Mitchell. However, not all the European nations agree.

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US shale’s glory days are numbered

There are some early signs that the US shale industry is starting to show its age, with depletion rates on the rise. A study from Wood Mackenzie found that some wells in the Permian Wolfcamp were suffering from decline rates at or above 15 percent after five years, much higher than the 5 to 10 percent […]

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Denmark Deciding Nord Stream 2’s Fate

The Nord Stream 2 gas pipeline to Europe will double Russian natural gas supplies to Germany via the Baltic Sea and reduce transit across Ukraine. On August 10, the operator of the Nord Stream 2 gas pipeline construction project was forced to apply for an alternative pipeline route in Denmark, Sputnik contributor Dmitry Lekukh wrote.

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