Tuesday, October 2, 2018

"German industry defends Nord Stream 2 gas pipeline"

[insert Mandy Rice-Davies here]

This is a week old but I wanted it on the blog for future reference.

From Deutsche-Welle:
The Federation of German Industry has said it's not bowing to increasing US pressure to drop the Russian-led Nord Stream 2 gas pipeline and buy US liquefied gas instead. The BDI adds it wouldn't make economic sense.

The Federation of German Industry (BDI) on Monday defended the controversial Nord Stream 2 project that will expand Russia's natural gas supplies to Germany while bypassing Poland and Ukraine.

In July, US President Donald Trump accused Germany of being a "captive" of Russia due to its energy reliance and urged Berlin to halt work on the $11 billion (€9.4 billion), Russian-led gas pipeline to be built in the Baltic Sea.

"I have a big problem with a third country interfering in our energy policy," BDI President Dieter Kempf told the German daily Süddeutsche Zeitung on Monday, adding that establishing a link between dropping the project and buying US liquefied gas instead was unacceptable.

"German industry needs Nord Stream 2 to enhance energy supply safety," Kempf argued, saying that liquefied gas from the US was not competitive on the German market right now and would simply cost too much....
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