Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

EU leaders sign letter objecting to Nord Stream-2 gas link

Wed, 16th Mar 2016 14:20

* EU summit talks to debate energy security

* Nord Stream-2 generated heated debate at Dec summit

* European Commission cannot confirm receipt of letter

By Andrius Sytas

VILNIUS, March 16 (Reuters) - Eight EU governments havesigned a letter objecting to the Nord Stream-2 project thatwould double the amount of gas shipped directly from Russia toGermany, according to a document seen by Reuters.

The letter, addressed to European Commission PresidentJean-Claude Juncker, reignites a debate that has pitcheddominant EU member Germany against central and eastern Europeannations.

If the project goes ahead, Nord Stream-2 would generate"potentially destabilising geopolitical consequences", theletter says.

The European Commission said it could not confirm receipt ofthe letter.

"The Nord Stream-2 project that is currently underpreparation can pose certain risks for energy security in theregion of central and eastern Europe," the letter, dated March7, says.

"It would strongly influence gas market development and gastransit patterns in the region, most notably the transit routevia Ukraine."

Russia's gas export pipelines have become intenselypolitical because of the conflict in Ukraine.

Ukraine is the transit route for about half of the gasRussia's Gazprom sells to the European Union, whichrelies on Russia for roughly a third of its supplies.

The copy of the letter seen by Reuters is signed by theprime ministers of the Czech Republic, Estonia, Hungary, Latvia,Poland, Slovakia and Romania and the president of Lithuania.

Two EU sources, speaking on condition of anonymity, saidCroatia had also signed a later version of the letter, but thiscould not immediately be confirmed with the Croatian government.

EU leaders meet for summit talks in Brussels on Thursday,when energy security is expected to be discussed.

Nord Stream-2 generated heated debate at summit talks inDecember following another letter sent to the Commission.

European Council President Donald Tusk of Poland said thenit would be up to the Commission to make a final decision onlegality. However, in his view Nord Stream-2, backed by Gazprom,E.ON, Wintershall, Shell, OMV andEngie, flouted EU rules.

Gazprom and some utilities say Nord Stream-2 is the mostpragmatic solution to shoring up Europe's energy security. TheCommission has said it is assessing its legality.

German Vice Chancellor Sigmar Gabriel travelled to Polandearly this year where he promised the new pipeline would goahead only if Russia did not cut off Ukraine and easternEuropean gas flows.

Gazprom already sends gas to Germany across the Baltic Seavia the Nord Stream pipelines. Nord Stream-2 would add a secondtwin subsea pipeline from Russia to Germany, doubling capacityto 110 billion cubic metres per year.

(Additional reporting by Barbara Lewis and Foo Yun Chee inBrussels; Writing by Barbara Lewis; Editing by Dale Hudson)

More News
20 Jan 2022 12:01

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

LONDON MARKET MIDDAY: FTSE 100 stalls as AB Foods drags on index

Read more
20 Jan 2022 09:54

UPDATE 2-Oil stocks, GSK weakness pull FTSE 100 lower; Deliveroo jumps

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deliveroo fourth-quarter order growth jumps* Premier Foods top midcap gainer on strong profit outlook* Unilever abandons plan to buy GSK's ...

Read more
19 Jan 2022 21:37

Shell to carry out Pernis, Netherlands oil refinery maintenance until end of June

AMSTERDAM, Jan 19 (Reuters) - Royal Dutch Shell said on Wednesday it plans to carry out major maintenance work at its Pernis oil refinery in the Netherlands in the coming five months."We will inspect a large number of installations from the insid...

Read more
19 Jan 2022 08:56

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

LONDON MARKET OPEN: FTSE 100 steady despite UK inflation intensifying

Read more
18 Jan 2022 17:05

LONDON MARKET CLOSE: Stocks fall on worries over higher interest rates

LONDON MARKET CLOSE: Stocks fall on worries over higher interest rates

Read more
18 Jan 2022 13:08

UPDATE 1-Norway awards 53 new petroleum production licences

(Adds detail, quotes)OSLO, Jan 18 (Reuters) - Norway awarded 53 new petroleum production licences on the Norwegian continental shelf in the latest licensing round for mature areas, the oil and energy ministry said on Tuesday.Stakes were offered to...

Read more
18 Jan 2022 13:00

Angry investors seek to appoint board member to Third Point UK fund

LONDON, Jan 18 (Reuters) - Activist investors in Third Point's London-listed fund want independent director Richard Boleat appointed to the board to improve corporate governance, they said in a letter to shareholders on Tuesday.Third Point Investo...

Read more
18 Jan 2022 12:51

UPDATE 2-Climate activists lose court case against UK oil regulator

(Adds reaction from government minister)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's ...

Read more
18 Jan 2022 12:51

UPDATE 1-Climate activists lose court case against UK oil regulator

(Add climate activists' response)By Shadia NasrallaLONDON, Jan 18 (Reuters) - A UK High Court on Tuesday threw out a case brought by climate activists against the country's oil and gas regulator OGA, rejecting their argument that the OGA's actions...

Read more
18 Jan 2022 12:14

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

LONDON MARKET MIDDAY: Markets red as inflation worries return to fore

Read more
18 Jan 2022 09:44

LONDON BROKER RATINGS: Goldman Sachs raises BT to Conviction Buy

LONDON BROKER RATINGS: Goldman Sachs raises BT to Conviction Buy

Read more
18 Jan 2022 09:03

LONDON MARKET OPEN: FTSE 100 slips despite oil boosting BP and Shell

LONDON MARKET OPEN: FTSE 100 slips despite oil boosting BP and Shell

Read more
17 Jan 2022 10:33

UPDATE 2-Oil majors, Iberdrola among winners set to harness Scottish wind

(Updates throughout)By Nina ChestneyLONDON, Jan 17 (Reuters) - Utility Iberdrola and oil majors BP and Shell are among companies offered seabed rights to develop offshore wind projects in the first tender of its kind in over a decade, Crown Estate...

Read more
17 Jan 2022 10:33

UPDATE 3-Scottish wind sale nets nearly $1 billion with Shell, BP among winners

(Adds comment from Shell, BP, analysts)By Nina ChestneyLONDON, Jan 17 (Reuters) - BP, Shell and utility Iberdrola were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pou...

Read more
17 Jan 2022 10:33

UPDATE 1-Crown Estate Scotland offers 17 projects seabed rights for offshore wind

(Adds more detail)By Nina ChestneyLONDON, Jan 17 (Reuters) - Crown Estate Scotland said on Monday it has offered seabed right agreements to 17 projects in its ScotWind leasing round which is aimed at supporting wind energy development.Out of 74 ap...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.