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Senate committee to consider resolution against Nord Stream 2 pipeline

WASHINGTON (Reuters) - Republican and Democratic U.S. senators unveiled a resolution calling for the cancellation of Russia’s Nord Stream 2 natural gas pipeline, a link under the Baltic Sea from Russia to Germany.

Leaders of the Senate Foreign Relations Committee said they would take up the resolution at their next business meeting.

Opponents of the pipeline worry it will weaken support for Ukraine by depriving Kiev of gas transit fees along the traditional route for Russian supplies, which meet more than a third of the European Union’s gas needs.

President Donald Trump’s administration has been pushing against it. The U.S. ambassadors to Germany, Denmark and the European Union urged EU members to vote against the pipeline in an opinion column published by Deutsche Welle on Thursday.

The resolution calls for the pipeline’s cancellation and supports a multinational freedom of navigation in the Black Sea after Russia’s aggression against Ukraine in the Kerch Strait.

France plans to back an EU proposal to regulate the pipeline, its foreign ministry said on Thursday, potentially threatening its completion and dealing a blow to Germany.

Reporting by Patricia Zengerle; Editing by Tom Hogue


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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
China is hosting the 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai from 1–5 April—an appropriate choice of host country, given China’s increased appetite for natural gas.
EWAnalysis: Canada comes late to LNG; projects and prospects mixed
- Energy Web Atlas
Canada has abundant natural gas resources.
Executive Viewpoint: BHGE developing technology-driven solutions to reduce total cost of ownership
-Alberto Matucci
While BHGE recently won new orders for LNG projects, the company remains committed to differentiating the business, implementing solutions proven in LNG into other applications of the oil and gas value chain.
Industry Trends: Russia and US go head-to-head over EU gas market
-Eugene Gerden
Lower-cost Russian gas will likely continue to dominate the EU market in the coming years, despite the growth in oil prices, to which Russian gas prices are linked.


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