Nord Stream 2
The Biden administration waived sanctions on the company behind Russias Nord Stream 2 gas pipeline to Germany and its chief executive Secretary of State Antony Blinken said on Wednesday a move. Germany said on Tuesday that it could nix the Nord Stream 2 pipeline should Russia invade Ukraine Reuters has reported.
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To meet demand the EU needs reliable affordable and sustainable new gas supplies.
. Nord Stream 2 as its called has fueled worries in the US. The Nord Stream 2 Pipeline will transport natural gas into the European Union to enhance security of supply support climate goals and strengthen the internal energy market. The EUs domestic gas production is in rapid decline.
The Nord Stream 2 Pipeline will provide this by transporting gas. And beyond that the Kremlins leverage over Europe and its energy market will increase once the twin pipeline is.
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