Gazprom feels the heat
New US sanctions on Russia may create problems for the country's gas export giant
Donald Trump's America was supposed to be a friend to Russia. But new US sanctions—engineered by Congress, not the White House—are revising opinions. The new measures have some bite, and may even endanger the completion of Gazprom pipelines to Europe as well as jeopardise the gas-export monopoly's alliances with other Western partners. Gazprom certainly thinks so. It made the admission in that the new sanctions could threaten construction of Nord Stream 2 and Turkish Stream in a Eurobond prospectus issued in mid-July, before Trump grudgingly signed off Congress's bill on 2 August. US lawmakers said the new sanctions are a response to Russian aggression in Ukraine and efforts to influence the
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields