Thursday, September 24, 2020

"Pompeo: 'We are Building A Coalition Against Nord Stream 2'"

From OilPrice, September 22:
The United States is building a coalition aimed at preventing the completion of the Nord Stream 2 pipeline that will substantially increase the flow of Russian gas into Europe, the U.S. Secretary of State told German daily Bild in an interview.

“From the US point of view, Nord Stream 2 endangers Europe because it makes it dependent on Russian gas and endangers Ukraine - which in my opinion worries many Germans,” Pompeo said. “We hope Nord Stream 2 will not be completed and we are working on a coalition to prevent this from happening. We hope that the German government will also come to this assessment, be it because of what happened to Mr. Navalny or because of the security implications that dependence on Russian gas brings."

The interview comes days after another report in German media said the German government had tried to appease Washington about Nord Stream by offering to build two liquefied natural gas import terminals worth $1.2 billion if the U.S. stopped opposing the pipeline.

Germany will be the receiver of most of the gas that will flow through the expanded Nord Stream pipeline amid an expected surge in demand for natural gas as it closes coal and nuclear power plants. The U.S., however, is against it, claiming it will only increase Russia’s influence in the energy supply of the EU, which would be unwise. Of course, there are also the U.S. gas interests as a major LNG exporter....MORE