Nord Stream 2: Partners fear no US sanctions

Nord Stream 2: Partners fear no US sanctions

The construction of the Nord Stream 2 gas pipeline is due to be completed – according to Russia, the participating states are sticking to this. Possible US sanctions do not seem to dissuade them.

Despite the threat of US sanctions, the states involved in the construction of the controversial Baltic Sea gas pipeline Nord Stream 2 do not want to move away from the project, according to Russian information. The aim of the partners is to complete the tube, said Kremlin spokesman Dmitri Peskov on Thursday. The project is very important for Europe’s energy security.

What is Nord Stream 2 all about? The Baltic Sea pipeline is to pump 55 billion cubic meters of gas from Russia to Germany in the future. 26 million households in Europe are to be supplied with it. The mammoth project started in September 2018 and costs around eight billion euros. Around 150 kilometers are still missing to complete the 1,224-kilometer pipeline. There is constant discussion as to whether the gas will make Germany too dependent on Russia and its supplies. Political crises such as the Ukraine conflict or the poisoning of the Kremlin critic Alexej Navalny fuel the debate about Nord Stream 2.

The pipeline, which is around 1,200 kilometers long, will extend from Russia to Germany. It is 95 percent built. The USA, which wants to sell its own gas in Europe, reject the project on the grounds that it will make Europe even more dependent on Russian natural gas.

Vulnerable position of Ukraine

US Secretary of State Anthony Blinken had discussed possible sanctions in March. The project endangers Ukraine’s position and is against Europe’s energy interests, said the American chief diplomat.

The Russian energy company Gazprom holds the majority in the pipeline project. Financial partners are Wintershall Dea and Uniper from Germany as well as the Austrian OMV, Royal Dutch Shell and Engie.

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Author: Killian Jones
Graduated From Princeton University.He has been at the USTV since 2017.
Function: Chief-Editor

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