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OIL AND GAS
Trump's attacks on Nord Stream 2 are 'unfair competition': Kremlin
by Staff Writers
Moscow (AFP) July 12, 2018

Moscow on Thursday said US President Donald Trump's attacks on the Nord Stream II pipeline that is set to bring gas from Russia to Germany amounted to "unfair competition".

"We have said before that we consider this to be unfair competition," Kremlin spokesman Dmitry Peskov said, adding that it was an attempt to force European buyers to purchase more expensive gas from elsewhere.

"Nord Stream I and II are purely commercial projects that correspond to the interests of suppliers of natural gas and the buyers of natural gas in Western Europe," he said.

"For decades Russia has shown and continues to show it is a reliable supplier of energy security to Europe," Peskov added.

He said Trump's remarks, which came as he berated Germany at the start of a NATO summit on Wednesday, were likely to "complicate" discussions when he meets his Russian counterpart Vladimir Putin next week.

"Germany is captive of Russia because it is getting so much of its energy from Russia," Trump said, referring to Berlin's deal for the gas pipeline.


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OIL AND GAS
Ecuador court upholds $9.5 bln damages ruling against Chevron
Quito (AFP) July 11, 2018
Ecuador's highest court upheld in a ruling released Tuesday a $9.5 billion damages award against oil giant Chevron over decades of pollution that harmed indigenous people. But the decision by the Constitutional Court is largely symbolic because Chevron now owns no assets in Ecuador, meaning the country will have to keep pressing its case in foreign courts. In a ruling dated June 27 and released Tuesday, the court said "there is no violation of the constitutional rights" of Chevron in throwing ou ... read more

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