• 4 minutes Some Good News on Climate Change Maybe
  • 7 minutes Cuba Charges U.S. Moving Special Forces, Preparing Venezuelan Intervention
  • 12 minutes Washington Eyes Crackdown On OPEC
  • 15 minutes Solar and Wind Will Not "Save" the Climate
  • 9 mins is climate change a hoax? $2 Trillion/year worth of programs intended to be handed out by politicians and bureaucrats?
  • 2 hours Why Trump will win the wall fight
  • 2 hours Ayn Rand Was Right
  • 10 hours students walk out of school in protest of climate change
  • 2 hours Expected Breakdown: Israel-Central Europe Summit Canceled After Polish Pullout
  • 2 hours Indian Oil Signs First Annual Deal For U.S. OilIndian Oil Signs First Annual Deal For U.S. Oil
  • 22 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 12 hours Maduro Asks OPEC For Help Against U.S. Sanctions
  • 20 hours L.A. Mayor Ditches Gas Plant Plans
  • 27 mins IT IS FINISHED. OPEC Victorious
  • 21 hours Prospective Cause of Little Ice Age
  • 2 hours Amazon’s Exit Could Scare Off Tech Companies From New York
An Unexpected Bullish Factor For Oil

An Unexpected Bullish Factor For Oil

Slowing U.S. shale drilling activity…

Perry Tells Russia To Stop Using Energy As Economic Weapon

Nord Stream 2

The United States welcomes competition from Russia on the global energy markets, but Russia can no longer use energy as an economic weapon, U.S. Secretary of Energy Rick Perry said on Thursday during his meeting with Russia’s Energy Minister Alexander Novak in Moscow.

At the meeting, “Secretary Perry also expressed his disappointment and concern about Russia’s continued attempts to infiltrate the American electric grid,” a statement from the U.S. Department of Energy on the meeting says.

“Secretary Perry made clear that while the United States welcomes competition with Russia in energy markets across Europe, Asia and elsewhere, Moscow can no longer use energy as an economic weapon. The United States is now in a position to offer these nations an alternative source of supply,” the DOE said.

Russian gas giant Gazprom, which holds a third of European natural gas market, has in the past cut supply to Europe via Ukraine due to disputes over pricing, and has prevented customers from reselling natural gas, dominating most of the markets in central and southeastern Europe.

Referring to the controversial Gazprom-led Nord Stream 2 gas pipeline project to Germany, “President Trump has made clear that the United States staunchly opposes the Nordstream 2 Pipeline, which would expand a single-source gas artery deep into Europe,” the DOE said.

“The U.S. supports the desire of European nations to minimize their dependence on Russia as a single energy supplier, and look forward to increasing LNG exports to the region, as announced by President Trump and EU President Juncker in June.”

During his visit to Moscow, when asked if the U.S. could impose sanctions on Nord Stream 2 and if more energy sanctions were being planned, Secretary Perry told reporters “Yes to your first question and yes to your second.” However, sanctions are not where the U.S. and Russia want to go, the AP quoted Secretary Perry as saying.

Novak, for his part, said that Russia agrees that “energy cannot be a tool to exercise pressure and that consumers should be able to choose the suppliers.”

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • RussianJew on September 14 2018 said:
    So many empty words on Perry's side. No need for Russian response. If US can deliver LNG to EU and EU wanna pay for US LNG - then what is a problem? And if US can't or EU doesn't want to - then what is has to do with Russia? That whining sounds pitiful.
  • Steve Bull on September 14 2018 said:
    Yeah, come on Russia. Economic warfare is only the purview of the US Empire!

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News