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U.S. Industry Associations Strongly Oppose Steel and Aluminum Tariffs on America’s Trade Partners
U.S. Industry Associations Strongly Oppose Steel and Aluminum Tariffs on America’s Trade Partners

U.S. Industry Associations Strongly Oppose Steel and Aluminum Tariffs on America’s Trade Partners

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

U.S. Close to Imposing Sanctions on EU Firms Involved in Russian Nord Stream 2 Project (Tomas Stehlik / Shutterstock)
U.S. Close to Imposing Sanctions on EU Firms Involved in Russian Nord Stream 2 Project (Tomas Stehlik / Shutterstock)

U.S. Close to Imposing Sanctions on EU Firms Involved in Russian Nord Stream 2 Project

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.

Former German Chancellor Schroeder: The US pursues selfish interests (Tim Reckmann / pixelio.de)
Former German Chancellor Schroeder: The US pursues selfish interests (Tim Reckmann / pixelio.de)

Former German Chancellor Schroeder: The US pursues selfish interests

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.

Canadian Government Buys Trans Mountain Expansion Project (BILD LLC / Shutterstock)
Canadian Government Buys Trans Mountain Expansion Project (BILD LLC / Shutterstock)

Canadian Government Buys Trans Mountain Expansion Project

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).

Pipeline shortfalls cost Canada billions (Anton Watman / Shutterstock)
Pipeline shortfalls cost Canada billions (Anton Watman / Shutterstock)

Pipeline shortfalls costs Canada billions

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.

 Oil boom in Texas causes price distortions (Dabarti CGI / Shutterstock)
Oil boom in Texas causes price distortions (Dabarti CGI / Shutterstock)

Oil boom in Texas causes price distortions

The Texas oil industry has recorded a massive production growth in 2017. 3.2 million barrels of oil were produced every day in the Lone Star State, an increase of almost 30 percent over the previous year. Compared to 2016, the increase sums up to even 60 percent.

The diving robot is operated by the ship "Trio" while examining the seabed near Lubmin in Germany (Copyright by Nord Stream 2)
The diving robot is operated by the ship "Trio" while examining the seabed near Lubmin in Germany (Copyright by Nord Stream 2)

Start of construction on German landing point for Nord Stream 2

Construction work has begun on the controversial Nord Stream 2 natural gas pipeline at Lubmin, Germany's landing point. According to a spokesman for the Gazprom subsidiary, civil engineering and foundation work for the gas receiving station and the plant building started on an area of six hectares.

A Mediterranean Gas Pipeline to Europe? (Andriy Markov / Shutterstock)
A Mediterranean Gas Pipeline to Europe? (Andriy Markov / Shutterstock)

A Mediterranean Gas Pipeline to Europe?

In what a student of military history might see as a smaller version of The Great Game, the discovery of various prodigious gas fields in the Mediterranean has spawned at atmosphere of distrust and outright hostility between the regional powers vying for influence and economic benefit.

Anglo American suspends key iron ore operation for pipeline checks
Anglo American suspends key iron ore operation for pipeline checks

Anglo American suspends key iron ore operation for pipeline checks

Anglo American plc announces the suspension of its Minas-Rio iron ore operation in Brazil in order to conduct a full inspection of the pipeline that carries iron ore, in slurry form, from the mine to the export terminal.

Escalating Trade War Between China and the US Threatens Pipeline Industry (Shutterstock / rawf8)
Escalating Trade War Between China and the US Threatens Pipeline Industry (Shutterstock / rawf8)

Escalating Trade War Between China and the US Threatens Pipeline Industry

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.

Map of the pipeline network in Germany (FNB Gas)
Map of the pipeline network in Germany (FNB Gas)

German gas TSOs plan to invest €7 billion for natural gas pipelines until 2028

The German gas transmission system operators (TSOs) have submitted their draft for a Gas Network Development Plan in Germany. The document sets out the TSOs’ detailed plans for the future development of the German network to ensure a secure supply of natural gas in the period to 2028.

New US Steel Tariffs Cast a Pall Over the Pipeline Industry (Media Whalestock / Shutterstock)
New US Steel Tariffs Cast a Pall Over the Pipeline Industry (Media Whalestock / Shutterstock)

New US Steel Tariffs Cast a Pall Over the Pipeline Industry

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.

The town of Lamu with its expanding port will be the final destination of the new pipeline (Authentic travel / Shutterstock)
The town of Lamu with its expanding port will be the final destination of the new pipeline (Authentic travel / Shutterstock)

Construction on the 865-km Kenyan Oil Export Pipeline Imminent

Companies that are partnering to build Kenya's first oil export pipeline from the Amosing and Ngamia fields to the port of Lamu on the Indian Ocean expect to reach agreement by mid - 2018. The new pipeline will be approximately 865 km long.

Crude Oil Production Resumes Flow in the Libyan Sharara - Zawiya Export Pipeline (Shutterstock / Max Sky)
Crude Oil Production Resumes Flow in the Libyan Sharara - Zawiya Export Pipeline (Shutterstock / Max Sky)

Crude Oil Production Resumes Flow in the Libyan Sharara - Zawiya Export Pipeline

The 340,000 bpd Sharara, Libya's largest oil field, was recently forced to stop production after the Sharara - Zawiya export pipeline was sabotaged.

Quick work by the National Oil Company (NOC) was able to repair a valve in little more than 24 hours that a local landowner had tampered with, resulting in the loss of nearly 340,000 barrels of oil.

The Grangemouth Oil Raffinery not far from the location of the incident (Copyright by Ineos)
The Grangemouth Oil Raffinery not far from the location of the incident (Copyright by Ineos)

Closure of Forties Pipeline System in the UK Leads to Biggest Industrial Decline Since 2012

For the second time in the past few months the Forties Pipeline System (FPS) in the UK has shut down due to the unexpected closure of the feed control valves on the pipeline supplying the Kinneil gas processing plant.

Minnesota Completes Amended Review of Enbridge Oil Pipeline (Enbridge)
Minnesota Completes Amended Review of Enbridge Oil Pipeline (Enbridge)

Minnesota Completes Amended Review of Enbridge Oil Pipeline

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.

Pipeline Vandalism and Theft Plaguing Mexico (corlaffra / Shutterstock)
Pipeline Vandalism and Theft Plaguing Mexico (corlaffra / Shutterstock)

Pipeline Vandalism / Theft Plaguing Mexico

Mexico is experiencing an epidemic of pipeline thefts: This past year, fuel thieves drilled 10,363 illegal taps into state-owned pipelines, or an average of about 28 illegal taps every day. And as one observer noted, these are just the taps that have been found.

Turkish pipeline construction companies likely to get the nod for building a new Kirkuk-Ceyhan connection (ruskpp / Shutterstock)
Turkish pipeline construction companies likely to get the nod for building a new Kirkuk-Ceyhan connection (ruskpp / Shutterstock)

Turkish pipeline construction companies likely to get the nod for building a new Kirkuk-Ceyhan connection

Signaling its preference for Turkish pipeline construction companies to build the new 970-km Kirkuk - Ceyhan export oil pipeline, the Iraqi central government appealed last week for Turkish companies to participate in the pipeline project. Project finance will be along the lines of a Build-Operate-Transfer (BOT) model, which will mitigate risk for the cash-strapped Iraqi government.

Turkish warships on patrol (Thomas Koch / Shutterstock)
Turkish warships on patrol (Thomas Koch / Shutterstock)

Realpolitik, Turkey and Cyprus's Gas Fields

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).

Atlantic Coast Pipeline Construction (Copyright by ACP)
Atlantic Coast Pipeline Construction (Copyright by ACP)

Whither the Atlantic Coast Pipeline?

The Atlantic Coast Pipeline (ACP), forecasted to stretch some 966-km through West Virginia, Virginia and ultimately into North Carolina, hit more snags in North Carolina, slowing the approval process down and causing some to wonder if the estimated $5.5 billion, 42 inch gas pipeline will ever be built.