Russian President Vladimir Putin said on Oct. 14 Germany was unlikely to accept Russian gas from the one remaining undamaged line of the Nord Stream 2 pipeline, two days after Berlin rejected his initial offer.
“A decision has not been made and it’s unlikely to be made, but that’s no longer our business, it’s the business of our partners,” he said.
The Nord Stream pipelines, intended to carry gas from Russia to Germany under the Baltic Sea, suffered unexplained ruptures in three of their four lines, incidents that European countries have called sabotage.
Putin said on Oct. 12 that Russian gas could still be supplied to Europe through the one remaining intact line of the uncommissioned Nord Stream 2 pipeline, but a German government spokesman ruled this out.
Germany froze the approval process for the recently laid Nord Stream 2 as Russia was preparing to invade Ukraine, and it was never opened.
“They have to decide what is more important for them: fulfilling some kind of alliance commitment, as they see it, or safeguarding their national interests,” Putin said.
The impact of efforts to use less Russian energy, plus steep cuts in supplies from Russia, have been felt across the 27-nation EU, with gas prices almost 90% higher than a year ago and fears of rationing and power cuts over the coming winter.
EU energy ministers on Oct. 12 agreed on the outlines of a package of proposals to tackle the crisis that will be put to the European Commission next week.
Recommended Reading
Midland Basin E&P HighPeak Energy Exploring Possible Sale
2023-01-23 - HighPeak Energy CEO Jack Hightower said the company, with a $3 billion market cap, is undervalued given its large inventory and free cash flow profile.
Marketed: AGS Oil & Gas Holdings #2 D-J Basin Opportunity
2023-01-24 - AGS Oil & Gas Holdings #2 Inc. retained EnergyNet for the sale of the rights, title and interest in 16 horizontal proposed AFE wells located in the Denver-Julesburg Basin in Boulder County, Colo.
On the Market Oil and Gas Quicklist (Week of Nov. 16, 2022)
2022-11-16 - Here’s a quicklist of oil and gas assets on the market including a Recoil Resources Eagleville Field well package within the Eagle Ford Basin in Atascosa and Wilson counties, Texas.
On the Market Oil and Gas Quicklist (Week of Nov. 9, 2022)
2022-11-09 - Here’s a quicklist of oil and gas assets on the market including a nonoperated position in the Bakken concentrated in Williams and Dunn counties, North Dakota, plus a Sabine Oil & Gas East Texas well package.
Woodside Awards Air Liquide Liquefaction Contract for Oklahoma Project
2022-12-20 - The H2OK hydrogen plant could become Woodside’s first global hydrogen production facility.