Russia says EU red tape on Nord Stream-2 could be attempt to sabotage it
MOSCOW (Reuters) — Russian Prime Minister Dmitry Medvedev said on Tuesday that the European Union's attempts to regulate the Nord Stream-2 gas pipeline project "looks like" an attempt to force Russia to abandon it, Interfax news agency reported.
"Our approach to the implementation of this project has not changed so far: this is not a political tool, this is a regular commercial project, aimed at safeguarding Europe's energy security," Medvedev added, according to Interfax.
The European Commission has proposed extending EU internal energy market rules to cover offshore gas pipelines, in its latest attempt to regulate the Nord Stream-2 project.
Russia plans to build Nord Stream-2 on the bed of the Baltic Sea by doubling the capacity of the existing pipeline from 55 Bcm per year.
The project has faced stiff resistance from some in the European Union, especially from ex-communist states such as Poland.
Reporting by Denis Pinchuk; writing by Vladimir Soldatkin; Editing by Christian Lowe
The ongoing development of shale gas resources in the US has spurred infrastructure construction for both natural gas processing capacity and LNG export terminals.
Russian natural gas monopoly Gazprom is strengthening its presence in the gas market of the Middle East through the planned construction of an 11-metric-MMtpy–12-metric-MMtpy LNG plant in Iran.
The New LNG Imperative
The shale gas boom established the US as the world’s leading natural gas producer and is responsible for billions of dollars of investments in the US gas processing industry. Since 2012, the US has witnessed unprecedented growth in new gas processing capacity and infrastructure. This rise is due to greater production of domestic shale gas, which is providing cheap, available feedstock to fuel the domestic gas processing, LNG and petrochemical industries. New gas processing projects include the construction of billions of cubic feet per day of new cryogenic and gas processing capacity, NGL fractionators, multi-billion-dollar pipeline infrastructure projects, and the development of millions of tons per year of new LNG export terminal construction. Attend this webcast to hear from Lee Nichols, Editor/Associate Publisher, Hydrocarbon Processing, Scott Allgood, Director-Data Services, Energy Web Atlas and Peregrine Bush, Senior Cartographic Editor, Petroleum Economist as they discuss the future of LNG and the application of Energy Web Atlas, a web-based GIS platform which allows users to track real-time information for every LNG project.
November 29, 2017 10am CST