US says Russia’s Nord Stream-2 bad for Eastern Europe - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

US says Russia’s Nord Stream-2 bad for Eastern Europe

MOSCOW, May 5 (PRIME) -- The U.S. is concerned with Russia’s plans for construction of the Nord Stream-2 natural gas pipeline as it may have a negative impact on Eastern Europe, U.S. Secretary of State John Kerry said late Wednesday at a meeting with E.U. foreign policy chief Federica Mogherini.

“And we’re also going to discuss one other specific issue of deep concern to me and to everybody here, and I think that’s the Nord Stream-2 pipeline. This project has provoked a very heated debate on both sides of the Atlantic, and we are convinced would absolutely have an adverse impact on Ukraine, on Slovakia, and Eastern Europe. And we cannot lose sight of that,” he said.

Kerry also said he was pleased with the fact the Ukraine is now purchasing less gas from Russia. “We’ve helped Ukraine reduce its dependence on Russia for gas. And for the first time this past winter, Ukraine received more natural gas from Europe than from Russia, which shows what can happen when you put a strategy in place,” he said.

In a joint statement following the energy council’s meeting, the two countries restated that all new projects in Europe should comply with the E.U. legislation. “With a view to contributing to energy security in the gas market in the E.U., the Council concurred that any new infrastructure should entirely comply with the Third Energy Package and other applicable E.U. legislation as well as with the objectives of the Energy Union,” the statement read.

Both countries will work on diversification of energy supplies to the E.U. and neighboring states.

“The Council emphasized it is unacceptable to use energy as a political weapon and underscored its commitment to work together to improve energy diversification in the E.U. and its neighboring countries, including ensuring adequate market-based alternatives in terms of energy sources, suppliers, transportation routes, and demand-side management,” the statement read.

Earlier on Wednesday, Russian Foreign Minister Sergei Lavrov said the Nord Stream-2 project is purely commercial and attempts to block it are politicized.

The Nord Stream-2 project envisages construction of two lines of a gas pipeline with a capacity of up to 55 billion cubic meters of gas annually, running from the Russian shore to Germany under the Baltic Sea. Russian gas giant Gazprom will hold 50% in the project, while E.ON, BASF, Royal Dutch Shell, and OMV will own 10% each, and Engie will get a 9% stake.

End

05.05.2016 08:30
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.9461 +0.6399 09 may
USD 91.8239 +0.7008 09 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3449.78 +0.50 18:51 10 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.52 +0.19 23:14 10 may
lkoh 7715.00 +0.01 23:14 10 may
rosn 579.35 +0.15 23:14 10 may
sber 313.25 +0.66 23:14 10 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 98.8600 0.0000 05:00 10 may
USDTD 91.7750 +0.2825 05:00 10 may