• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 13 mins Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 8 hours China's Blueprint For Global Power
  • 3 hours IMO 2020:
  • 5 hours World Stocks Drop And Futures Tread Water After China Reports Worst GDP Growth In 30 Years
  • 13 hours National Geographic Warns Billions Face Shortages Of Food And Clean Water Over Next 30 Years
  • 13 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 13 hours ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 6 hours Deepwater GOM Project Claims Industry First
  • 9 hours Why did Aramco Delay IPO again ? It's Not Always What It Seems.
  • 14 hours PETROLEUM for humanity 
  • 13 hours Idiotic Environmental Predictions
  • 7 hours Brexit agreement
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

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




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play