Russian Ship That Could Finish Nord Stream 2 Link Reaches Baltic
(Bloomberg) -- A Russian pipe-laying ship that could help finish the Nord Stream 2 gas link to Europe has anchored at the Baltic Sea port of Kaliningrad after sailing for three months from the Pacific.
The Akademik Cherskiy, which has changed destinations several times on its way, recently signaled it was set to arrive in Kaliningrad on Sunday, tanker tracking data show. Late last year, Russian Energy Minister Alexander Novak mentioned that vessel as an option to complete the pipeline that will bring Russian gas to Germany via the Baltic Sea.
Why World Frets About Russia's Nord Stream 2 Pipeline: QuickTake
The pipeline, one of the key export projects for Russia's Gazprom PJSC, was just weeks away from completion when U.S. sanctions stopped work last year. There's a small section in Denmark's waters still to be completed.
Even as the U.S. imposed a ban on completion of construction, Gazprom Chief Executive Officer Alexey Miller said Russia has the means to build the remaining section on its own, without specifying how. It's not clear whether the Akademik Cherskiy is part of the solution. Novak said last year exports via the link would start by end-2020.
The line would feed as much as 55 billion cubic meters per year of natural gas from fields in Siberia directly into Germany, circumventing the current main transport corridor through Ukraine. U.S. President Donald Trump has said Europe should cut its reliance on Russian gas and instead buy liquefied fuel from America.
©2020 Bloomberg L.P.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
