• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 19 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 13 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 16 hours Wind droughts
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 10 days How Far Have We Really Gotten With Alternative Energy
  • 31 mins Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 6 hours Oil Prices Fall After Fed Raises Rates
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 17 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 5 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days The Federal Reserve and Money...Aspects which are not widely known
Oil Prices Dip As Inventories Build Across The Board

Oil Prices Dip As Inventories Build Across The Board

Crude prices fell slightly after…

Hungary Warns Against Further EU Sanctions On Russia

Hungary Warns Against Further EU Sanctions On Russia

Hungary’s Foreign Minister Peter Szijjarto…

Nord Stream 2 In Limbo As Germany Prepares To Decide On Key License

Germany’s federal networks regulator BNA said on Monday it would decide no later than January 8, 2022 whether it will certify Nord Stream 2 and issue an operating license for the natural gas pipeline.

“The Federal Network Agency of Germany announced today that Nord Stream 2 AG has submitted all the documents required for verification by the agency. Thus, the Federal Network Agency has four months to prepare a draft decision and submit it to the European Commission,” the regulator, Bundesnetzagentur, told Russian news outlet Sputnik on Monday.

The documents were received on September 8, so the four-month deadline expires on January 8.

Last Friday, Gazprom said it had completed the construction of the Nord Stream 2 pipeline, although gas flows on the controversial Russia-led pipeline cannot begin until Germany grants an operating license to the project.

Earlier last week, Russia’s Foreign Minister Sergey Lavrov said that the Nord Stream 2 pipeline from Russia to Germany was set to be completed within days and come on stream.

But in order to begin shipping gas to Germany, Nord Stream 2 will need the go-ahead from the German regulator via an operational license.

Last month, a German court ruled that Nord Stream 2 will have to obey European Union regulations that separate owners of the pipelines from suppliers of gas, dealing a blow to Gazprom, who sought to have EU rules waived for the controversial pipeline.

Nord Stream 2 AG, the company behind the pipeline, said on Friday that after the mechanical completion of the construction, “the required pre-commissioning activities will be carried out with the goal to put the pipeline into operation before the end of this year.”

Gazprom hopes to start gas flows via the first leg of the pipeline as early as October 1, Bloomberg reported on Wednesday, citing sources with direct knowledge of the Russian gas giant’s plans.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • George Doolittle on September 13 2021 said:
    With Tesla and Volkswagen entering mass production of pure BEVs Germany does not *need* this energy product in the least. In theory the product could be exported to the Netherlands and turned into liquified natural gas for export around about Europe and the World as the USA is already doing ... but of course the Netherlands as part of the EU would have to come to some agreement Putin's Russia being a highly unstable partner trying to undermine NATO and all that.

    Anyhow prices are soaring for something no one here in the USA really needs so the math seems pretty obvious that the fuel itself is unstable and not to be relied upon just given pricing in the USA alone let alone all of Europe.

    Long $tsla Tesla Motors
    Strong buy
    "Already proven to work."

    It ain't like the entire West Coast of the USA to include Alaska is crying about the current massive run higher in all commodities let alone natural gas and oil.

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