• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 days Does Toyota Know Something That We Don’t?
  • 4 days America should go after China but it should be done in a wise way.
  • 10 days World could get rid of Putin and Russia but nobody is bold enough
  • 5 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 12 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 hours The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 1 day Even Shell Agrees with Climate Change!
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 12 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 13 days Putin and Xi Bet on the Global South
RFE/RL staff

RFE/RL staff

RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many…

More Info

Premium Content

Nord Stream 2 Pipeline Becomes Less Plausible

A U.S. diplomat has dismissed the idea that the controversial Nord Stream 2 pipeline will ever be built.

Speaking to European journalists in a telephone briefing on November 29, Deputy Assistant Secretary of State John McCarrick said that U.S. officials "don't see the possibility that Nord Stream 2 can be built."

"That is not something we are going to assume is going to happen," said McCarrick, who works at the State Department's Bureau of Energy Resources.

When pressed for details, McCarrick responded that "there is a variety of reasons why it shouldn't happen.... The bottom line is we are against this. We don't see this happening, so why would I entertain any other sort of option or possibility?”

Earlier this year, the United States introduced sanctions that call for penalties against European companies that participate in the Nord Stream 2 and other Russian energy projects in Europe.

If built, the pipeline will run under the Baltic Sea from Russia to Germany, bypassing several European transit countries. It is scheduled to be completed by 2019.

Berlin has so far supported the pipeline, which would deliver 55 billion cubic meters of gas a year to Germany from Russia.

Several EU members in Central and Eastern Europe have expressed concern that the project would strengthen Moscow's hand by increasing European reliance on Russian natural gas.

They have also voiced concern that it would reduce gas-transit revenues for Ukraine, damaging the country's fragile economy at a time when its forces are fighting Russia-backed separatists who control part of two eastern provinces.

By RFERL

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Mydrrin on December 03 2017 said:
    US gamble with LNG is threatened. The whole green revolution payoff for the US is threatened. Obama set up the infrastructure for massive LNG selling, pushed the regulatory changes and developed the industry for LNG exports. But coal is so much cheaper and already compressed for travel everywhere LNG is sold. Without the renewables push the demand falls apart, for Germany without natural gas Germany will still fall very short of their green goals.
  • István on December 03 2017 said:
    And what if we (Europeans) wont buy LNG and WTI from USA than?

    This rhetoric is all about to sell USOIL and the increased natural gas production to anywhere they could.
  • Alfred on December 04 2017 said:
    Sure. It won't get built. Just like Nordstream 1 didn't get built. :)

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News