Obstacles to the “Nord stream-2” was absurd

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Alexander Novak Photo: Vladimir Fedorenko / RIA Novosti

Russian energy Minister Alexander Novak called “absurd and bizarre” drafted by the United States, the bill on sanctions against participants of the project “Northern stream-2”, reports TASS.

“I have not seen this bill, it must be examined from the point of view of jurisprudence. It is quite absurd bill that eliminates all market rules. In my opinion, it is absurd and strange,” said Novak.

July 18, the Republican Senator from Wyoming John Barrasso introduced in the Senate a bill imposing sanctions on companies investing in the Russian projects on energy exports. These include the under construction gas pipeline “Northern stream-2”, which will link Russia to Western Europe bypassing Ukraine.

To investors in the related document shareholders of companies as well as suppliers of goods, raw materials and services for projects and banks that issue guarantees. In addition, the bill provides incentives for exporters of liquefied natural gas from the United States. The document is called the “Law on cooperation in the field of energy security with allies in Europe.”

“When one country allows another aggressive, opportunistic country, such as Russia, to have such a strong impact on its energy security, it becomes a problem,” said Barrasso.

Prior to that, about possible sanctions against the participants of the “Nord stream-2” were expressed to the us state Department.

“Nord stream-2” is planned to start in late 2019. Its capacity will be 55 billion cubic meters of natural gas per year. The project operator — the company Nord Stream AG, 2. Its sole shareholder is “Gazprom”. His European partners — German Wintershall and E. ON Ruhrgaz, Dutch Nederlandse Gasunie and the French GDF Suez has invested in the project, not directly, but through additional agreements.

Video, photo All from Russia.

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