Category: Russia oil ban

Russia’s Gazprom Shuts Down Nord Stream 1 Pipeline Indefinitely, Gas Prices Soar in Germany

Russian state-owned energy corporation Gazprom has scrapped plans to restart gas flows through its Nord Stream 1 pipeline to Germany, offering no answers as to when operations would resume back to normal. On Aug. 19, Gazprom announced that it would stop gas flows through the pipeline between Aug. 31 and Sept. 2 due to routine…


Industry Calls on Biden to Lift Moratorium on New Oil, Gas Leases

Domestic producers in the United States welcomed President Joe Biden’s March 8 order banning Russian oil and gas imports but say his muddled energy policies will prolong consumers’ pain at the pump and inhibit efforts to restore American energy independence. “This crisis should be a wake-up call that we need [a] strategic American energy policy…