• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 39 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 hours Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 23 hours Did China cherry-pick the factors that affected the economic slow-down?
  • 1 day "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 25 mins Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 4 days U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 3 hours NordStream2
  • 4 days Nord Stream - US/German consultations
  • 410 days Class Act: Bet You've Never Seen A President Do This.
  • 6 days An Indian Opinion on What is Going on in China
  • 3 days Forecasts for Natural Gas
  • 4 days Australia sues Neoen for lack of power from its Tesla battery

Nord Stream-2 Pipe-Laying To Restart In Denmark

Pipe-laying for the Nord Stream-2 natural gas pipeline is set to restart in Danish waters, according to a local regulator, Reuters has reported.

Construction of the pipeline on Danish territory was suspended for a year as the United States threatened sanctions. The U.S. has kept broadening the scope of the sanctions against service providers and those funding vessels involved in the construction of Nord Stream 2, and including the project as a target of more sanctions in the U.S. defense bill in a bid to kill it.

This prompted Russia to accuse the U.S. of hybrid warfare earlier this month.

"This is indeed a variant of hybrid warfare, it is used as a hybrid war by the United States," Peskov said, as carried by Russian news agency TASS, when asked whether the Kremlin agreed with a previous statement by Russian businessman Oleg Deripaska that the sanctions were hybrid warfare.

"Let's take the sanctions against Nord Stream - it is a pure hybrid war that goes on like a war accompanied by unfair competition," TASS quoted Peskov as saying earlier this week.

Russian pipeline gas in Europe is a direct competitor of U.S. liquefied natural gas.

Related Video: Weaponized Gas or Bridge to Cleaner Fuel? The Nord Stream Game

Despite the sanction drive, however, some analysts in Russia expect the pipeline could be completed next year and start delivering higher volumes of natural gas to Germany.

The 1,230-km pipeline project, worth $11.6 billion, will double the capacity of the existing Nord Stream channel to a total of 110 billion cu m of natural gas annually. The project is led by Gazprom, in partnership with a number of European energy majors, including Anglo-Dutch Shell, Austria's OMV, German Uniper, and Wintershall-Dea, as well as French utility Engie.

The United States, several European countries, including the Baltic states and Poland, as well as the European Union (EU), have expressed concern about Russia using gas sales and its gas monopoly Gazprom as a political tool.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment
  • Mamdouh Salameh on December 23 2020 said:
    Pipe-laying work has resumed in Baltic Sea waters off the German coast to complete the remaining 16 kilometres of the 1230-km long Nord Stream 2 gas pipeline and soon pipe-laying of the remaining 60 kilometres in the Danish section will start according to a report by Reuters.

    Already 95% of the pipeline has already been completed and the pipeline will be totally completed by the end of the first quarter of 2021 and will start delivering Russian gas to Germany and the European Union (EU) by the end of 2021.

    Earlier this month Russia accused the United States of hybrid warfare to derail the pipeline out of self-interest. Russian piped gas supplies to the EU are a direct competitor of U.S. LNG. And despite the sanctions, the Nord Stream 2 is unstoppable.

    Dr Mamdouh G Salameh
    International Oil Economist
    Visiting Professor of Energy Economics at ESCP Europe Business School, London

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