Oil And Gold Forecast, News and Analysis:
- Home
- Latest Energy News
Trump’s Secret Plan To Restart Nord Stream 2 Sparks Backlash in Germany
Germany is exploring ways to prevent the resumption of the Nord Stream 2 pipeline under an agreement between the US and Russia as part of the settlement of the war in Ukraine, Bild has reported. According to Bild, secret talks between representatives of Russia and the United States have been going on for several weeks about American investors buying the damaged pipeline in the Baltic Sea.
Last year, Russia’s Foreign Minister Sergei Lavrov claimed the United States issued the order for the 2022 attacks on the Nord Stream gas pipelines. Back in September 2022, a series of underwater explosions occurred on 3 of 4 pipes of the Nord Stream 1 (NS1) and Nord Stream 2 (NS2)natural gas pipelines. Both pipelines were built by the Russian majority state-owned gas company, Gazprom, to transport natural gas from Russia to Germany through the Baltic Sea. Lavrov made the comments when speaking to reporters during a visit to Azerbaijan on Monday, echoing Moscow’s long-stated claims that the West was involved.
“It is clear that to carry out such a terrorist attack, there was a command from the very top, as they say. The very top for the West is, of course, Washington,” Lavrov told Izvestia newspaper in a video interview published on its Telegram channel.
According to Lavrov, “attempts to blame everything on a group of drunken officers,” were not serious. Back then, the Wall Street Journal reported that Ukraine’s top military commander at the time, Valery Zaluzhny, oversaw the plan to blow up the pipelines. Ukraine’s President Volodymyr Zelensky approved of the plan, but tried to have it aborted after Washington warned him against it.
Europe’s imports of Russian gas have declined from about 450 million cubic meters per day (mcm/d) at the end of 2021 to about 150 mcm/d currently. However, commodity analysts at Standard Chartered have reported that the continent has made little progress in cutting any more Russian supplies in nearly two years despite calls from some nations to completely do away with Russian energy commodities even as the war in Ukraine shows no signs of slowing down. On the contrary, Europe’s gas imports from Russia have climbed ~50% since Q1-2023.
By Alex Kimani for Oilprice.com
More Top Reads From Oilprice.com
- China Urges Refiners to Switch From Fuels to Petrochemicals
- Drilling Suspensions Could Limit Brazil’s Oil Output Growth
- Coal’s Last Stand? U.S. Power Plants Face a Mass Exodus in 2025
Join the discussion | Back to homepage
`;
document.write(write_html);
}
Alex Kimani
Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
More Info
Leave a comment
Leave a comment
Source: https://oilprice.com/
the article fails to mention this aspect let alone describe in detail the nature of the alleged “pushback” it’s legitimacy and the character and potential conflicts of interest by those doing the pushback.
Flagrant journalistic failure.
Why might that be?
Germany ought to be demanding reparations for the pipeline sabotage and the sabotage of Germany/Europe’s economies.
Unfortunately, those governments are a bunch of facile brownnosers and bumsmoochers of Amerikkka
If press reports are true, then it is mind-boggling that Germany which invested heavily in the construction of Nord Stream 2 to ensure the flow of cheap and plentiful Russian piped gas and whose economy has so far paid a very heavy price from rising energy prices, would look for ways to prevent the resumption of Nord Stream 2.
It is possible that Germany might be afraid that an involvement of the United States in Nord Stream 2 may put its gas supplies at the mercy of the United States.
However, this is an unjustified fear since North Stream can only be filled with Russian gas and therefore it is Putin who will control the gas supplies and nobody else.
Dr Mamdouh G Salameh
International Oil Economist
Global Energy Expert