Russia responds to information about selling Nord Stream 2 to the US

Khánh Minh |

An American investor has expressed his desire to buy Russia's Nord Stream 2 gas pipeline.

On November 26, Kremlin spokesman Dmitry Peskov said he had not heard of Russian oil and gas giant Gazprom's desire to sell Nord Stream 2 to US investors.

"I have not heard of any investor mobilizing the corridor to auction this important energy infrastructure. I have not heard of any Russian side, through Gazprom, wanting to sell it," TASS quoted Peskov as saying to reporters when commenting on the information that US investor Stephen P. Lynch expressed his desire to buy Nord Stream 2.

"There is also a key factor here: the gas pipeline is a tool, a device. And everything depends on reserves, on gas sources. Gazprom is a source of gas," Peskov said.

"I don't know if Gazprom wants to transfer gas transit assets to the US. I have not heard about it; perhaps we should ask the company itself" - the spokesperson pointed out.

The press secretary of the Russian President also stressed that Nord Stream 2 does not need to be rebuilt.

"This is a complete pipeline that can be put into operation immediately, as Russian President Vladimir Putin has declared. One can only wonder why the German leadership does not aim at the economic interests and economic feasibility of its industry, producers and citizens, but wants to buy gas at higher prices from other sources," the Kremlin spokesman added.

The Wall Street Journal reported earlier that US investor Stephen P. Lynch - who has spent decades doing business in Moscow - had reportedly asked US officials to allow him to bid for Russia's Nord Stream 2 gas pipeline if it were auctioned in a Swiss bankruptcy court.

Lynch applied for a license from the US Treasury Department in February. The license would allow Lynch to negotiate the acquisition of Nord Stream 2 AG - the Swiss-based operator of the Nord Stream 2 gas pipeline. Nord Stream 2 AG was sanctioned by the US after the Russia-Ukraine conflict broke out.

The letter said that in June, a Swiss court extended Nord Stream 2 AG's bankruptcy proceedings until January 2025. If the company fails to restructure its debt by then - which is unlikely - it will face bankruptcy.

The construction of Nord Stream 2 was completed at the end of 2021. However, the gas pipeline with a designed capacity of 55 billion cubic meters per year has not been put into operation, as the Russia-Ukraine conflict broke out in February 2022 and the project operator did not have time to ask for permission from the German government. Berlin has suspended the procedure.

On September 26, 2022, a series of explosions occurred on the Nord Stream and Nord Stream 2 pipelines in the Baltic Sea, and the culprit behind the Nord Stream sabotage is still unknown. However, one of the two branches of Nord Stream 2 was not affected.

Khánh Minh
RELATED NEWS

Gazprom cuts 50-year relationship with foreign gas customer

|

Russian oil and gas giant Gazprom suddenly ended its relationship with a gas customer close to it for the past 50 years in Europe, surprising many people.

Russia speaks out about the cable break near Nord Stream

|

Regarding the cable break near Nord Stream, Russia said it must conduct a thorough investigation.

Unexpected prospects for a revival of Russian gas through Nord Stream 2

|

An American businessman has asked US officials to allow bidding for the Nord Stream 2 pipeline if it is auctioned in a Swiss bankruptcy court.

Cars parked rampant on Tang Bat Ho street causing traffic obstruction

|

Hanoi - Traffic police will strengthen patrols and handle the situation of cars stopping and parking in violation of regulations on Tang Bat Ho street.

16th National Assembly deputies candidates meet with voters in Bac Ninh

|

Candidates for National Assembly Deputies of the 16th term meet with voters at constituency No. 3, Bac Ninh province.

Tan Van intersection, the largest on Ring Road 3 in Ho Chi Minh City, is about to open to traffic, reducing congestion in the East

|

Ho Chi Minh City - Tan Van intersection, the largest of the Ho Chi Minh City Ring Road 3 project with a total capital of more than 1,800 billion VND, is being accelerated and is expected to open to traffic on June 30.

Holiday schedule for Hung Kings Commemoration Day 2026 and occasion April 30 - May 1

|

In 2026, the holiday schedule for the Hung Kings Commemoration Day and the occasion April 30 - May 1 for workers has been determined according to the provisions of the Labor Code.

Thanh Hoa Department of Education and Training concludes the case of teachers of To Hien Thanh High School correcting scores

|

Thanh Hoa - The Department of Education and Training (GDĐT) of the province has the results of inspection and verification of the case of amending semester exam scores that occurred at To Hien Thanh High School.

Gazprom cuts 50-year relationship with foreign gas customer

Thùy Trang |

Russian oil and gas giant Gazprom suddenly ended its relationship with a gas customer close to it for the past 50 years in Europe, surprising many people.

Russia speaks out about the cable break near Nord Stream

Song Minh |

Regarding the cable break near Nord Stream, Russia said it must conduct a thorough investigation.

Unexpected prospects for a revival of Russian gas through Nord Stream 2

Ngọc Vân |

An American businessman has asked US officials to allow bidding for the Nord Stream 2 pipeline if it is auctioned in a Swiss bankruptcy court.