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3rd states shouldn't threaten Nord Stream 2 with sanctions - Mr Oppermann

Gasoil News - Published on Tue, 12 Jun 2018

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Sputnik cited Vice President of the Bundestag Mr Thomas Oppermann as saying that Berlin considers the Nord Stream 2 gas pipeline to be an important economic project, which should not be threatened with sanctions of the third countries. "Nord Stream 2 is an important economic project, which we support and it should not be threatened by sanctions from the third countries," Oppermann said at a meeting with Vyacheslav Volodin, the speaker of the lower house of the Russian parliament.

The Nord Stream 2 project envisages the construction of two gas pipelines that will run from the Russian coast, through the Baltic Sea and to a hub in Germany, bypassing Ukraine entirely. It is a joint venture of the Russian Gazprom energy giant with French Engie, Austrian OMV AG, UK-Dutch Royal Dutch Shell, and German Uniper and Wintershall.

According to The Wall Street Journal, US President Donald Trump in May asked German Chancellor Angela Merkel to withhold Germany’s support for the construction of Nord Stream 2 in exchange for negotiating a new US-EU trade deal. Commenting on this issue, Russian President Vladimir Putin said that the US leader wanted to protect the interests of US businesses in the sphere of the liquefied natural gas deliveries to Europe.

The Nord Stream 2 project has been welcomed by some countries in Europe, such as Germany and Austria, and opposed by others, including Eastern European states, such as Ukraine, which currently transfers Russian gas to Europe and may suffer transit revenue drops if Nord Stream 2 becomes operational.

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Posted By : Rabi Wangkhem on Tue, 12 Jun 2018
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