German chancellor Angela Merkel and Russian president Vladimir Putin are set to meet each other in Berlin this Saturday for talks about the controversial Baltic Sea Gas Pipeline, Nord Stream 2, which has been the target of raging criticism by US president Donald Trump and his administration.
US-President Donald Trump announced Friday to double tariffs on steel imported from Turkey to 50%. This could put additional pressure on Kinder Morgan’s proposed Gulf Coast Express Pipeline and dampen prospects for future US natural gas projects.
The Trump administration's decision to unilaterally impose import tariffs on steel has not been well received by American pipeline companies. Across the board there have been nearly 21,000 requests for exclusions submitted to the U.S. Department of Commerce. 500 such petitions involve steel or steel-related products.
One of the more conspicuous developments since American President Donald Trump met with North Korea's Kim Jong Un earlier this month in Singapore has nothing to do with denuclearization but with the potential construction of a gas pipeline through North Korea and into the South. Discussions have begun to this end with Gazprom, which would deliver the gas and help in constructing the pipeline.
The Interstate Natural Gas Association of America (INGAA) has issued an updated 2016 infrastructure report which depicts the massive changes in store for energy infrastructure in the United States and Canada. INGAA Foundation President Don Santa says "while we are now in the midst of a remarkable expansion of the pipeline network ... there will remain a need for new pipeline infrastructure.
On May 31 the US-President announced the implementation of a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from some of the nation’s strongest trade partners – Canada, Mexico and the European Union – drawing the ire of multiple American Industry Associations
The Nord Stream 2 pipeline project, which shall deliver 55 billion cubic meters of Russian natural gas to the EU every year, has already been approved by Germany, Finland and also by Sweden.
Gerhard Schroeder, the former Chancellor of Germany and current Chairman of the Board of Nord Stream 1 and 2, assailed the United States for seeking to stymie the development of Nord Stream 2.
Canada's government is intervening in the conflict over the construction of Kinder Morgan's Trans Mountain Expansion Project with an unusual decision. To ensure the construction of the controversial pipeline, it is purchasing the whole project and the infrastructure needed to expand the pipeline from Kinder Morgan for 4.5 billion Canadian dollars (about 3 billion euros).
Due to a lack of capacity in the pipelines network, Canadian oil producers are forced to sell their products to the United States - with substantial price reductions. This is what the Fraser Institute, a Canadian think tank, found out in a study. In the current year alone this will cost the country's oil producers more than fiftheen billion Canadian Dollar.
China has kept true to its promise of matching U.S. tariffs in scale and intensity by levying higher tariffs on $3 billion worth of U.S. goods, including a 15 percent tariff on the steel pipe that is used in oil and gas pipelines.
President Trump's announcement of a 25 percent tariff on imported steel and 10 percent on imported aluminum has had a poor reception in the United States among energy companies and pipeline manufacturers, who fear they will likely take a hit.
As the name suggests, the multibillion dollar New Line 3 planned by Enbridge is to take the place of Line 3 (or "Old Line 3"). The original 1960 vintage 34-inch diameter pipeline runs 1765-km from Edmonton, Alberta to Superior, Wisconsin. Apart from being old, corroded and prone to mishaps, it lacks the newest technologies that the New Line would have.
Recently, Cyprus said Eni had discovered a potentially sizeable gas deposit at another target southwest of the island, close to where Greek Cypriots reside on their southern half of the island. But no sooner was the announcement made that Turkey dispatched warships to keep ENI's drillship from reaching the drilling location: Block 3 of the Cypriot Exclusive Economic Zone (EEZ).
