Reuters: Germany Bets U.S. Will Make the Best of ‘Bad deal’ Nord Stream Pipeline

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    Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition, officials and diplomats said.

    To try to block the $11 billion project, led by Russia’s Gazprom, successive U.S. administrations have imposed sanctions on some entities and warned other companies involved in the project about the sanctions risk.

    President Joe Biden thinks the pipeline under the Baltic Sea to Germany is “a bad idea for Europe,” the White House has said.

    Nord Stream 2 will bypass Western ally Ukraine, potentially depriving it of valuable transit fees.

    Read more by visiting MarineLink.com

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