“Ukraine has said it will not extend the transit agreement with Russian state-owned Gazprom in order to deprive Russia of profits that Kyiv says help to finance the war against it.
Moscow’s suspension of gas for Austria, the main receiver of gas via Ukraine, means Russia will now only supply significant gas volumes to Hungary and Slovakia, in Hungary’s case via a pipeline running mostly through Turkey. In contrast, Russia met 40% of the European Union’s gas needs before Moscow’s 2022 invasion of Ukraine.”
https://www.yahoo.com/finance/news/austrias-omv-informed-gazprom-deliveries-150454416.html
Russia stands to lose $6.5 billion a year if Ukraine doesn’t renew a gas pipeline deal at the end of the year, report says
https://finance.yahoo.com/news/russia-stands-lose-6-5-220643939.html
“Sen. Joe Manchin on Tuesday railed against what he called “revenge politics,” as liberals in the House and Senate team up with Republicans to oppose his plan to speed permits for natural gas pipelines and other energy projects.
Manchin, a West Virginia Democrat who chairs the Senate Energy Committee, secured a commitment from President Joe Biden and Democratic leaders to include the permitting package in a stopgap government-funding bill in return for his support of a landmark law to curb climate change.
But in the weeks since Biden signed so-called Inflation Reduction Act last month, Democrats and environmental groups have lined up to oppose the permitting plan, calling it bad for the country and the climate. Climate hawks such as Vermont Sen. Bernie Sanders and Massachusetts Sen. Ed Markey, along with dozens of House members, say the permitting plan should be excluded from the must-pass spending bill.
Many Republicans agree. Wyoming Sen. John Barrasso, the top Republican on the Senate energy panel, called the permitting deal a “political payoff” to Manchin, whose vote on the climate bill was crucial to the law’s passage.
Manchin’s actions on the climate — including secret negotiations with Senate Majority Leader Chuck Schumer, D-N.Y. — “engendered a lot of bad blood” among Republicans, Sen. John Cornyn, R-Texas, told reporters. “There’s not a lot of sympathy on our side to provide Sen. Manchin a reward.”
At a news conference Tuesday, Manchin expressed bewilderment at such sentiment, saying he’s “never seen” such an example of “revenge politics,” with Sanders and the “extreme liberal left siding up with Republican leadership” to oppose his plan.
“It’s revenge towards one person — me,” Manchin said.
“I’m hearing that the Republican leadership is upset,” he added. “They’re not going to give a victory to Joe Manchin. Well, Joe Manchin is not looking for a victory.”
While legislative text of his permitting plan has not been made public, Manchin called the bill “a good piece of legislation that is extremely balanced” and does not “bypass any environmental review.″ Instead it would accelerate a timeframe that can take up to 10 years for a major project to win approval.”
“Top Senate Democrats have long opposed a Russian natural gas pipeline that’s set to enrich Vladimir Putin. But those lawmakers are putting those concerns aside to back up President Joe Biden as he navigates increasingly precarious talks with Moscow.
Democrats have consistently supported sanctions on the Nord Stream 2 pipeline, arguing that the project will jeopardize Europe’s energy security and allow Putin to blackmail his enemies. But as the Senate prepares to vote next week on legislation from Sen. Ted Cruz (R-Texas) that would force Biden to impose those sanctions, Democrats on Wednesday signaled a significant shift in their posture.
The reason, Democrats say, is that they don’t want to undermine Biden while he engages with Russia over its military buildup on the border with Ukraine. As Putin flirts with an invasion of the U.S. ally, Democrats argued Cruz’s legislation would undercut Biden as he seeks to project unity with European allies — and would remove a key leverage point in the talks.”
““Ted Cruz is making it very hard on him,” Murphy said bluntly of the Texas Republican senator. “Ted Cruz is holding up every single State Department nominee right now, so the Republican strategy is to try to make it as hard as possible for President Biden to manage crises around the world.”
Cruz, who is widely considered a possible candidate in the next presidential cycle, has held up Biden’s nominees to key national-security positions. He says it’s an effort to encourage the administration to fully implement congressionally mandated sanctions for the controversial Russia-to-Germany natural gas pipeline known as Nord Stream II.”
…
“Biden has declined to fully impose those sanctions — which could have crippled the pipeline — as the German government pushes for its completion. The president has said he wants to patch up U.S. alliances with European allies like Germany, which suffered under Trump.”
“A day after the U.S. and Germany announced a deal allowing the completion of the controversial Nord Stream 2 gas pipeline, top officials conceded that neither the White House nor the Chancellery have the authority to implement some of its most crucial components.
As a huge outcry went up from opponents of the Russia-led pipeline project, Chancellor Angela Merkel acknowledged that her agreement with President Joe Biden hardly settled their political disagreements, and that much remained uncertain.
“The agreement with the U.S. government does not cement the differences, but it does not overcome all differences either,” Merkel said at a news conference. “The differences remain.” Of the deal, she added: “It is an attempt between the U.S. government and us to set certain conditions that also have to be implemented.
“I am glad that we have succeeded so far,” Merkel continued. “And we also have a lot of tasks ahead.”
Those tasks are hardly small and include overcoming fierce opposition from some members of the United States Congress, persuading some extremely dubious EU countries to get on board, and convincing Russia to liberalize its energy sector, divest itself of the €9.5 billion pipeline, and pay Ukraine some additional €20 billion through 2034 to make up for the loss of gas transit fees — which the new pipeline would effectively render unnecessary.
While some influential Germans — notably former chancellor and current Nord Stream 2 chairman of the board Gerhard Schröder — have been instrumental in securing the pipeline’s completion, Berlin may have little to no influence over Moscow once construction is done and gas is flowing.
U.S. Senator Jeanne Shaheen, a Democrat on the foreign relations committee who co-authored U.S. sanctions legislation targeting the pipeline, said she was “skeptical” of the deal given that “the key player at the table — Russia — refuses to play by the rules.””