U.S. Senate Panel Backs Nord Stream 2 Pipeline Sanctions Bill

By Timothy Gardner and Patricia Zengerle WASHINGTON, July 31 (Reuters) - A U.S. Senate committee passed a bill on Wednesday to slap sanctions on companies and individuals involved in building the Nord Stream 2 gas pipeline from Russia to Germany that the Trump administration says would strengthen Moscow's economic grip on Europe. The Senate Foreign Relations Committee passed … [Read more...]

Iran, Ukraine, North Korea Show Ship Seizures Are the New Normal

By Leonid Bershidsky (Bloomberg Opinion) --The seizure of a number of ships in recent months tells an uncomfortable story. In today’s multi-polar world, countries can grab other nations’ vessels and get away with it. It’s not just Iran’s detention of the U.K.-flagged Stena Impero in retaliation for the seizure of one its own tankers by Britain. In recent months, other … [Read more...]

Novatek Signs Partners for Arctic LNG-2 Project

Russian gas produce Novatek has closed its search for partners for its proposed Arctic LNG-2 project, adding a subsidiary of China National Petroleum Corporation (CNPC), CNOOC and the Japan Arctic LNG consortium to the project. Novatek's Arctic LNG-2 project proposes constructing three-train LNG export plant with a capacity of approximately 19.8 mmtpa extracted from the … [Read more...]

Crew of Russian Nuclear Sub Prevented ‘Planetary Catastrophe’, Official Says

By Henry Meyer and Stepan Kravchenko (Bloomberg) --The 14 sailors who died during a fire last week on a nuclear-powered Russian military submarine prevented a “planetary catastrophe,” a top naval officer said at their funeral, according to media reports. Captain Sergei Pavlov, an aide to the commander of Russia’s navy, praised the heroism of the men, who died as they battled … [Read more...]

Russia Says Fourteen Russian Sailors Killed in Submarine Accident

By Polina Devitt and Christian Lowe MOSCOW, July 2 (Reuters) - Fourteen Russian sailors were killed when a fire broke out while their deep-water research submarine was carrying out a survey of the sea floor near the Arctic, the Russian defense ministry said on Tuesday. A Russian media outlet, RBC, cited an unnamed military source as saying the submarine was nuclear-powered, … [Read more...]