Trends - Nord Stream 2 - Business Recorder

Nord Stream 2

Russia not informed on progress of Nord Stream blasts probe

Moscow has not been informed about the progress of an investigation into last year’s Nord Stream pipeline blasts and...

Published 14 Mar, 2023 10:59am

Markets

Gas crisis set to worsen after Europe burns through winter stocks

HELSINKI: Europe may face an even more acute energy crunch next year after draining its natural gas tanks to get...

Published 06 Oct, 2022 01:06am

Markets

Sweden issues warning of two gas leaks on Nord Stream 1 pipeline

STOCKHOLM: Sweden's Maritime Authority said on Tuesday it had issued a warning of two leaks on the Russian-owned ...

Published 28 Sep, 2022 12:36am

Markets

Mystery gas leaks hit major Russian undersea gas pipelines to Europe

STOCKHOLM/COPENHAGEN: European countries on Tuesday scrambled to investigate unexplained leaks in two Russian gas...

Published 27 Sep, 2022 02:19pm

World

Biden slaps sanctions on Russia's Nord Stream 2 pipeline

WASHINGTON: President Joe Biden announced Wednesday that the United States will join Germany in imposing sanctions ...

Published 24 Feb, 2022 01:25am

Markets

Russia urges Germany and EU not to delay Nord Stream 2

MOSCOW: Russia on Monday urged Germany and the European Union not to drag its feet over certification of the Nord...

Published 18 Jan, 2022 04:20am

Markets

Russia says Europe missing out on gas with Nord Stream 2 delay

MOSCOW: Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the...

Published 25 Dec, 2021 05:02am

Markets

Nord Stream 2 starts filling second pipe with natural gas

MOSCOW: Nord Stream 2 AG said on Friday it had started filling its second pipe with natural gas, stepping up...

Published 18 Dec, 2021 04:33am

Markets

US natural gas up on soaring European prices

NEW YORK: US natural gas futures rose almost 4% to a fresh one-week high on Monday on forecasts for colder weather...

Published 14 Dec, 2021 06:40am

World

Russia can help Europe, not using gas as a weapon, says Putin

MOSCOW/BRUSSELS/BEIJING: President Vladimir Putin said on Wednesday Russia was not using gas as a weapon and was...

Published 14 Oct, 2021 04:14am

Markets

Russia completes Nord Stream 2 construction, gas flows yet to start

MOSCOW: Gazprom said on Friday it had finished construction of the Nord Stream 2 subsea pipeline to Germany, ...

Published 11 Sep, 2021 03:36am

World

Biden invites Ukraine’s president to W House

WASHINGTON: President Joe Biden reaffirmed US support Monday for Ukraine’s territorial integrity and invited...

Published 08 Jun, 2021 04:09am

World

US to waive sanctions on firm, CEO behind Russia's Nord Stream 2 pipeline

The department's review, required by Congress, concludes that Nord Stream 2 AG and CEO Matthias Warnig, an ally of Russian President Vladimir Putin, engaged in sanctionable activity but that it was in the US national interests to waive the sanctions, the source said.
Russian officials on Wednesday signaled that the move could help mend Washington's fraught ties with Moscow.

Published 19 May, 2021 06:48pm

Business & Finance

German gas grids report progress with investment plans to 2030

Gas firms' report shows 14% of plans for 2030 carried out.
Indigenous reserves fall, imports to rise.
Eugal pipeline fully constructed, feeder for Nord Stream 2.

Published 01 Apr, 2021 08:01pm

Markets

US shouldn't threaten friends over Nord Stream 2, says Austria's OMV CEO

"This project is of great importance for the security of supply of the European gas market, it is therefore Europe's responsibility to decide," Seele told Austrian newspaper Wiener Zeitung.
"We have had a deep transatlantic friendship with the USA for decades. And friends shouldn't threaten each other," he said in an interview published on Saturday.

Published 20 Mar, 2021 07:01pm

Business & Finance

Russian vessel Akademik Cherskiy to join Nord Stream 2 construction

The vessel departed from the German port of Wismar on Thursday, Refinitiv Eikon ship-tracking data showed, as the Nord Stream 2 consortium pushes to complete construction of the gas pipeline.

Published 04 Mar, 2021 05:49pm

Business & Finance

Munich Re stops insuring Nord Stream 2 amid sanctions threat

The US has been threatening sanctions against European companies that support construction of the $11 billion gas pipeline, and Zurich Insurance Group dropped out last month.
Munich Re Syndicate has issued the notice of termination to Nord Stream 2," a spokesman said in an emailed statement on Tuesday, referring to the company's subsidiary.

Published 23 Feb, 2021 06:07pm

Business & Finance

Russia's Gazprom expects Nord Stream 2 launch in 2021

Around 120 km is left to be laid in Danish waters as well as almost 30 km in German waters, before it makes landfall at the northern German coastal town of Lubmin, near Greifswald.
The project has become more politicised after Kremlin critic Alexei Navalny, who was poisoned in August in Siberia and flown to Germany for treatment.

Published 11 Feb, 2021 08:17pm

Business & Finance

US imposes sanctions on Russian vessel helping to build Nord Stream 2 pipeline

The department said it imposed the sanctions on the Russian pipe-laying ship "Fortuna" and its owner, KVT-RUS, under the Countering America's Adversaries Through Sanctions Act (CAATSA).

Updated 19 Jan, 2021 11:14pm

Business & Finance

Germany's Bilfinger drops out of Nord Stream 2 pipeline

Concerned over looming US sanctions targeting companies associated with the project.
Bilfinger had been contracted to develop, deliver and operate process control and safety systems for the controversial pipeline as well as supply a gas-fired heating generation unit.

Published 19 Jan, 2021 09:24pm

World

Zurich Insurance to drop out of Nord Stream 2 project

ZURICH/WASHINGTON: Zurich Insurance Group will drop out of Russia’s Nord Stream 2 project in the face of looming ...

Updated 17 Jan, 2021 09:39am

Markets

Zurich Insurance to drop out of Nord Stream 2 project

Zurich, which has a big US business, is one of around 20 insurers in a consortium backing the project, one person familiar with the situation said.
The Nord Stream 2 consortium said on Friday that preparatory work to complete the subsea gas pipeline to Germany in Danish waters can go ahead.

Published 16 Jan, 2021 08:19pm

Business & Finance

Nord Stream 2 delays resuming pipeline construction: report

The consortium will probably be able to say at the end of January or in early February when work will resume, the spokesman said.
The construction of a 2.6-km long portion of the pipeline in Germany's shallow waters was resumed and finished last month with the help of the Fortuna.

Published 15 Jan, 2021 06:10pm

World

Germany hopes for quick talks with US about Nord Stream 2

Nord Stream 2, designed to double capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany.
The group behind the pipeline suspended works in December 2019 due to the threat of sanctions from Washington.

Published 15 Jan, 2021 05:48pm

Business & Finance

Nord Stream 2 says work in Danish waters to resume on Jan. 15, TASS reports

A Danish maritime regulator said last month construction work would resume in Danish waters in mid-January.
he United States also plans to increase sales of shipments of its liquefied natural gas (LNG) to Europe.

Published 14 Jan, 2021 08:48pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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