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AssessmentsJul 17, 2019 | 10:00 GMT
A worker constructs a section of the Nord Stream 2 natural gas pipeline near Kingisepp, Russia.
Despite Looming U.S. Sanctions, the Nord Stream 2 Pipeline Will Likely Proceed
For the first time, U.S. President Donald Trump directly acknowledged that Washington was, in fact, considering sanctioning Nord Stream 2 on June 12. This comes less than a month after U.S. Energy Secretary Rick Perry warned that a U.S. sanctions bill targeting the project could come into effect in the "not too distant future." These statements could mean the White House is seriously considering a proposed sanctions bill that, if fully imposed, would have the power to essentially grind construction a screeching halt. However, such a move would risk angering Germany at a time when the White House is trying to sway Berlin on a number of other important issues, including increasing its defense spending and barring Chinese telecommunications giant Huawei from rolling out its 5G network. Thus, the United States is more likely to stick with a more middle-of-the-ground approach that still throws a wrench in the project's timeline, without completely killing it. 
GuidanceMay 21, 2019 | 21:43 GMT
A section of pipe hangs from a crane at a construction site of the Eugal gas pipeline in Germany, which will transport natural gas arriving from Russia through the Nord Stream 2 pipeline.
The Existential Danger to Nord Stream 2 of a Renewed U.S. Sanctions Push
The United States has long considered obstructing the Nord Stream 2 pipeline, which would have the capacity to send 55 billion cubic meters of Russian natural gas directly to Germany by way of the Baltic Sea. However, a recent statement from U.S. Energy Secretary Rick Perry has now offered the strongest indication yet that Washington could be getting serious about sanctioning the roughly $11 billion project.
AssessmentsMay 28, 2018 | 08:00 GMT
Russia's S-400 air defense system stands on display in Kubinka Park near Moscow.
With CAATSA, the U.S. is Trying to Make Russia Hurt
Yesterday was Tehran and today it's Moscow. As the United States, Russia and China engage in a great power competition, growing tensions between Washington and Moscow could soon have a major effect on U.S. relations with other countries. Upset by the Kremlin's actions around the world, U.S. lawmakers are hoping to hit Russia where it hurts most, its defense and energy business, through the Countering America’s Adversaries Through Sanctions Act (CAATSA), which applies secondary sanctions to countries engaging in business with Moscow in these fields. CAATSA has faced some resistance -- not least from the commander in chief himself -- but its gradual implementation promises to have far-reaching effects on all concerned.
Partner PerspectivesJun 9, 2017 | 14:03 GMT
A Snapshot of Key Developments in the External Relations of the Russian Gas Sector (Issue 71)
In last month’s edition of the Gazprom Monitor we examined the publication of Gazprom’s proposed commitments, and the invitation for feedback from stakeholders. The deadline for the submission of that feedback passed on the 4th of May, and the European Commission must now consider the opinions of stakeholders before deciding whether or not to accept Gazprom’s commitments.
Partner PerspectivesApr 11, 2017 | 18:33 GMT
A Snapshot of Key Developments in the External Relations of the Russian Gas Sector
A Snapshot of Key Developments in the External Relations of the Russian Gas Sector
At the Gazprom Investor Day in Singapore on the 28th of February, Deputy Chairman, Alexander Medvedev praised Gazprom’s price competitiveness and success in delivering record volumes to the European gas market: “Europe was, is and will remain Gazprom’s priority market. We can’t see yet who else could offer European customers natural gas that’s as affordable”.
AssessmentsAug 13, 2016 | 13:26 GMT
Series: Veins of Influence
Gazprom Soldiers on With Nord Stream II
Poland has achieved a significant victory in its battle against German and Russian energy collaboration. Daunted by Polish regulations, five international giants in the natural gas industry announced Aug. 12 that they had pulled out of an agreement to join Russian state-owned gas company Gazprom in the Nord Stream II AG consortium. The consortium -- which Gazprom currently owns in its entirety -- will oversee the construction and operation of the controversial Nord Stream II pipeline, which is set to enter service in 2019. The pullout leaves Gazprom to move forward with the 55 billion-cubic-meter natural gas pipeline project, estimated to cost between $8 billion and $11 billion, by itself, and it could have serious consequences across Northern and Central Europe. Even so, Gazprom will persevere.
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