BERLIN—The German Economy Ministry has taken note of the threat of U.S. sanctions being placed on the Nord Stream 2 gas pipeline project, a spokeswoman said on May 22, adding that Berlin rejected sanctions that have extraterritorial effect.
U.S. Energy Secretary Rick Perry said on May 22 in Kiev that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future.”
BP to sell U.S. onshore assets to help fund BHP asset purchase. Plus, the Canadian government is giving its struggling oil sector a boost.
Marine fuel refiners on the Gulf Coast will benefit; bunker fuel producers will suffer.
Project had been planned to be in service in January.