Berlin: German authorities on Friday gave immediate permission for work to resume on a subsea pipeline bringing natural gas from Russia. The decision by the Federal Maritime and Hydrographic Agency can be appealed, meaning there could be another halt to the construction on the Nord Stream 2 project, which has drawn major criticism from the United States, some other European countries and environmental groups.
The US government has argued that the Baltic Sea pipeline would make Europe more dependent on Russian gas and hurt European energy security. The Kremlin has responded by accusing Washington of trying to promote its own liquefied natural gas sales.
The Russian state-controlled natural gas company, Gazprom, has positioned a ship to resume work on the multibillion pipeline, which was suspended after a Swiss firm pulled its vessels out of the project amid threats of U.S. sanctions. Because the Russian ship is of a different type than the Swiss vessels, Germany had to issue fresh authorization.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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