Nord Stream 2
To meet demand the EU needs reliable affordable and sustainable new gas supplies. The decision which was criticized by Moscow is a significant move for the German government.
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BERLIN AP Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia Chancellor Olaf Scholz said Tuesday as the West started taking punitive measures against Moscow over the Ukraine crisis.
. And beyond that the Kremlins leverage over Europe and its energy market will increase once the twin pipeline is. The EUs domestic gas production is in rapid decline. The Nord Stream 2 pipeline is an important project for both the Russian and German economies.
Planning and construction of the pipeline was mired in political controversy and following the 2022 Russian. The Nord Stream 2 Pipeline will transport natural gas into the European Union to enhance security of supply support climate goals and strengthen the internal energy market. Nord Stream 2s critics say it isnt so much about creating additional capacity as it is about supplanting the main existing path for Russian gas to Europe which runs through Ukraine.
The Biden administration waived sanctions on the company behind Russias Nord Stream 2 gas pipeline to Germany and its chief executive Secretary of State Antony Blinken said on Wednesday a move. Nord Stream 2 as its called has fueled worries in the US. Nord Stream 2 is a 1234-km natural gas pipeline from Russia to Germany running through the Baltic SeaIt was started in 2011 to expand the Nord Stream line and double annual capacity to 110 billion m 3 39 trillion cu ft and was completed in September 2021.
Gas and oil make up more than 50 of Russias exports. President Joe Biden on Monday warned that if Russia invades Ukraine there would be no Nord Stream 2 but did not specify how he would go about ensuring the controversial pipeline would not.
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