WASHINGTON—A group of Republican and Democratic U.S. senators introduced legislation on May 14 seeking sanctions targeting the Nord Stream 2, a planned gas pipeline from Russia to Germany under fire from the United States and some European Union countries.
The bill introduced by Republican Sens. Ted Cruz, John Barrasso and Tom Cotton and Democrat Jeanne Shaheen, seeks to impose travel and financial sanctions on companies and individuals involved in constructing the pipeline.
The legislation reflects continued U.S. concerns over Russian influence in Europe, but the measure is many steps from becoming law. It would need to pass both the Senate and House of Representatives and be signed by President Donald Trump to go into effect.
The Nord Stream 2 project is led by the Russian state-owned gas company Gazprom, with funding from Germany’s Uniper and BASF unit Wintershall, Anglo-Dutch firm Shell, Austria’s OMV and France’s Engie.
Opponents of the $12 billion project worry its construction will increase European reliance on Russian energy. Trump has accused Germany of being “captive” to Moscow because of its dependence on Russian energy, and urged that the project be halted.
But gas by pipeline from Russia offers Germany, the biggest economy in Europe, and other countries in the region a cheaper option for fuel than LNG from the United States and other producers.
Germany also wants to reduce its reliance on coal and nuclear energy.
The pipeline, which would carry gas straight to Germany under the Baltic Sea, has also been criticized because it would deprive Ukraine of lucrative gas transit fees, potentially making Kiev more vulnerable.
Washington has touted LNG, delivered by U.S. companies, as an alternative to Russian gas.
Recommended Reading
AIQ, Partners to Boost Drilling Performance with AI ROP Project
2024-12-06 - The AI Rate of Penetration Optimization project will use AI-enabled solutions to provide real-time recommendations for drilling parameters.
Element Six, Master Drilling Announce Tunnel Development Partnership
2025-02-19 - Element Six and Master Drilling will deliver a diamond-enabled solution designed to increase tunneling development speed, reducing costs and minimize the environmental impact of tunnel construction.
Small Steps: The Continuous Journey of Drilling Automation
2024-12-26 - Incremental improvements in drilling technology lead to significant advancements.
Exclusive: Novi Labs’ Ludwig on AI Preventing Costly Drilling Mistakes
2024-12-12 - Novi Labs President and Co-Founder Jon Ludwig gives insight on how AI and machine learning allow diverse applications for oil and gas operations and less risk for cataclysmic failure, in this Hart Energy Exclusive interview.
Halliburton Secures Drilling Contract from Petrobras Offshore Brazil
2025-01-30 - Halliburton Co. said the contract expands its drilling services footprint in the presalt and post-salt areas for both development and exploration wells.