Sign Up for FREE Daily Energy News
canada flag CDN NEWS  |  us flag US NEWS  | TIMELY. FOCUSED. REVELANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • instagram
  • youtube2
BREAKING NEWS:
WEC - Western Engineered Containment
Copper Tip Energy Services
Hazloc Heaters
Copper Tip Energy
Hazloc Heaters
WEC - Western Engineered Containment

U.S. slaps sanctions on Nord Stream 2, project’s opponents say not enough


English Français 简体中文
These translations are done via Google Translate
The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020.  REUTERS/Maxim Shemetov

The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov

WASHINGTON, Aug 20 (Reuters) – The Biden administration on Friday slapped sanctions on one Russian vessel and two Russian individuals involved in the Nord Stream 2 gas pipeline, but opponents of nearly-completed project said the move would do little to stop it.

U.S. Secretary of State Antony Blinken said in a statement that the administration has now sanctioned a total of seven persons and identified 16 of their vessels as blocked property under sanctions law passed by Congress.

U.S. President Joe Biden separately issued an executive order on Friday allowing for sanctions to be imposed with respect to certain Russian energy export pipelines.

But opponents of the $11 billion project to bring Russian gas to Germany under the Baltic Sea said the new sanctions were not strong enough to halt Nord Stream 2,” said Daniel Vajdich, president of Yorktown Solutions, which advises the Ukrainian energy industry on the matter.

Biden has opposed the pipeline, like the previous two U.S. presidents, because it bypasses Ukraine, likely depriving it of lucrative gas transit fees and potentially undermining its struggle against Russian aggression.

But in May the U.S. State Department waived two sanctions on Nord Stream 2 AG, the company behind the project, and its chief executive, Matthias Warning, a Putin ally.

Biden has sought to repair U.S. relations with Germany, Europe’s biggest economy, as he needs the ally’s help on everything from the economy to relations with China and Iran.

“The only thing that can stop NS2 from becoming operational is lifting the waivers and sanctioning … Nord Stream AG, which they refuse to do,” Vajdich said.

Nord Stream 2, led by Russian state energy company Gazprom and its Western partners, is almost complete with only 9 miles (15 km) left to construct, Russian President Vladimir Putin said on Friday. read more

ClearView Energy Partners, a Washington-based nonpartisan research group, estimated it could be completed by September 3.



Share This:



More News Articles


New SHOWCASE Directory Companies

 

Axis Communciations
The Coverall Shop
Muddy Boots
Delta Remediation Inc.
Vista Projects Limited
Di-Corp
Payload Technologies Inc.
Smart-Project Management Inc. / Trusted Pipeline Advisor