Germany halts Nord Stream 2 gas pipeline project as Ukraine crisis deepens
German Chancellor Olaf Scholz put on ice the certification of the Nord Stream 2 gas pipeline designed to bring Russian gas to Germany on Tuesday after Russia formally recognised two breakaway regions in eastern Ukraine.
Europe’s most divisive energy project, Nord Stream 2 is designed to double the amount of gas flowing from Russia straight to Germany, bypassing traditional transit nation Ukraine, on the bed of the Baltic Sea.
It has faced resistance within the European Union, from the United States as well as Ukraine, on the grounds it increases Europe’s energy dependence on Russia, denies Ukraine transit fees and makes it more vulnerable to the Russian invasion.
Related News
GCC condemns attack on UAE tankers in Hormuz
JD Vance says the United States is now placing greater emphasis on maintaining lower oilRead More
US threatens Iran with ‘economic isolation, like the world has never seen’
WASHINGTON, AUG 14: US Treasury Secretary Scott Bessent threatened Thursday to subject Iran to economicRead More


Comments are Closed