• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Middle East on brink: Oil tankers attacked off Oman
  • 8 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 13 mins Iran downs US drone. No military response . . Just Destroy their Economy Completely. Can Senator Kerry be tried for aiding enemy ?
  • 6 hours Emissions Need To Be Halved To Avoid 3C Warming
  • 2 hours The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 33 mins Here We Go: New York Lawmakers Pass Aggressive Law To Fight Climate Change
  • 15 mins Coal Boom in Asia is Real and a Long Trend
  • 5 hours Summit in Pyongyang: China's Xi Says World Hopes North Korea-U.S. Talks Can Succeed
  • 16 hours Solar Panels at 26 cents per watt
  • 7 hours Pioneer CEO Said U.S. Oil Production would be up to 15 mm bbls/day NOW if we had the pipelines. Permian pipelines STARTING Q3
  • 2 hours Huge UK Gas Discovery
  • 21 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 21 hours Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 21 hours US to become net oil exporter in November: EIA
  • 20 hours Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 18 hours US Shale Drilling lacks regulatory body.
Oil Markets Shrug Off Gulf Of Oman Tanker Attacks

Oil Markets Shrug Off Gulf Of Oman Tanker Attacks

Tensions in the Middle East…

Oil Flat Despite Middle East Tensions

Oil Flat Despite Middle East Tensions

Oil markets appear to have…

Sweden Set To Allow Port Hosting Nord Stream 2 Works

Sweden Set To Allow Port Hosting Nord Stream 2 Works

In a change of course, the Swedish government is inclined to let Russia’s Gazprom use Sweden’s southern port of Karlshamn for the construction of the Nord Stream 2 gas pipeline, as it now sees the leasing of the port is no longer a risk to national security, Swedish Radio reported on Monday, citing sources.

However, the Swedish public radio was quick to add that according to a spokeswoman for the defense ministry, the government’s position has not changed.

The Nord Stream 2 is financed by Gazprom, and like the original Nord Stream, the new version is being built by Gazprom, along with a consortium of Western European energy companies. Once operational—which is scheduled for 2019—the pipeline will carry 55 billion cubic meters (1.9 trillion cubic feet) of gas a year to Germany. Nord Stream 2 involves the construction of a gas pipeline under the Baltic Sea that would connect Russia with Germany, and then distribute gas to European Union countries.

The municipality of Karlshamn, on the Baltic Sea, is expected to vote on Tuesday whether to allow the project to use the city’s port.

Related: Fundamentals Be Damned – Oil Price Correction Likely

According to Swedish Radio, the government now said that new information shows that hosting works for Nord Stream 2 would not be a national security threat, since the port of Karlshamn already has heavy traffic from Russian ships, is not a major commercial area for the municipality and “will be watched by the Swedish Customs, Coast Guard and police agencies”.

Late last year, the Swedish government pressured both Karlshamn and Gotland, Sweden’s strategic island in the Baltic Sea, to reject Russia’s request to use harbors as pipe storage space, because it would undermine Sweden’s political and defense interests.

Shortly after, Gotland Municipality rejected the request to lease the port of Slite to Gazprom to help with the construction of the Nord Stream 2 pipeline.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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