Trump trying to bully Europe into buying US energy

Blanche Robertson
July 12, 2018

Steel pipes for the North Stream 2 pipeline are uploaded in Mukran harbour in Sassnitz, Germany.

"German foreign minister lashed out at the U.S. President Donald Trump's criticism over Russia's sale of liquefied natural gas to Berlin, saying "we are not captives" of Russian Federation or the U.S".

Germany has shrugged off a volley of criticism within Europe over the Nord Stream 2 project but USA opposition could sour relations with far greater consequences. The US State Department overnight repeated a warning to Western firms that they risk sanctions if they continue with the project.

The US President accused Germany of being "captive" to the Kremlin due to their heavy reliance on Russian gas imports, which is due to increase with plans to build a follow-up to the Nord Stream gas pipeline by 2019. "Supplies of pipeline gas do not lead to dependence of one country on another but to complete mutual dependence".

"As for Germany's dependence as a major buyer of our gas - we can not agree with this, because such deliveries of pipeline gas do not lead to the dependence of one country on another, but to complete mutual dependence", Peskov stressed. "This guarantees stability and further development of mutually beneficial cooperation in various fields", he added.

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"We consider that it's a question of economic competition and that. the buyers must take their own decision", he said.

The $11 billion pipeline seeks to double the existing Nord Stream pipeline's current annual capacity of 55 billion cubic meters and is expected to become operational by the end of next year.

"The President is pretty straightforward about what he believes and he thinks Nord Stream 2 is not in the European Union's best interest, and my bet is he'll be more than happy to tell President Putin that straight to his face", said Mr. Perry.

Russia's Gazprom meant to have a 50 percent plus one share in the Nord Stream 2, with the rest of the shares divided between Germany's Uniper and Wintershall, Austrian OMV, France's Engie, and Anglo-Dutch Shell.

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