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The operator of the Nord Stream 2 pipeline said that the completion of the project could face a delay of up to eight months and cost an additional $740 million due to issues obtaining the permits needed to access Denmark's waters on the Baltic Sea, Reuters reported Aug. 8.
The U.S. Senate Foreign Relations Committee has approved a bill that would impose sanctions on companies and individuals that participate in the construction of the Nord Stream 2 pipeline, Reuters reported July 31.
The Arctic's shifting climate has the potential to unlock a host of untapped energy and mineral reserves for Moscow -- and with it, new revenue streams and security risks borne of China's encroaching presence in the region.
Nord Stream 2 AG has filed a court challenge with the European Court of Justice against the European Commission, arguing that the latest EU gas directive unfairly discriminates against the Nord Stream 2 pipeline, Reuters reported July 26.
Construction on the Trans-Anatolian natural gas pipeline (TANAP) -- the last segment of the Southern Gas Corridor -- was completed July 1, with deliveries of natural gas from Azerbaijan to Europe ready to begin, Azernews reported.
The United States has enacted sanctions against two Russian arms manufacturers and a missile training center for violating the Iran, North Korea, Syria Nonproliferation Act, The Moscow Times reported May 22.