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    WSJ: BP Balks on Russian Pipeline Project

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Summary

BP has shelved talks over Nord Stream 3 with Russia after AAR (half of TNP-BP) declined to grant a waiver stating it must use TNK-BP as its primary vehicle in Russia’s energy sector.

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Press Notes

WSJ: BP Balks on Russian Pipeline Project

Tensions between BP PLC and its Russian oil partners spread to the chilly seas of northern Europe this week as the British energy giant said it will suspend preliminary consultations with OAO Gazprom over a possible pipeline to supply Russian gas to the U.K. after the partners refused to allow the talks.  MORE