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BumRushDaShow

(170,786 posts)
5. Done deal now - this describes a bit more too
Tue Feb 22, 2022, 08:26 AM
Feb 2022
Germany puts a stop to Nord Stream 2, a key Russian natural gas pipeline.

Chancellor Olaf Scholz said on Tuesday that Germany would halt certification of the Nord Stream 2 natural gas pipeline that would link his country with Russia, one of the strongest moves yet by the West to punish the Kremlin for recognizing two separatist regions in Ukraine. The German leader’s announcement came hours after President Vladimir V. Putin of Russia ordered armed forces to the separatist regions, the so-called Donetsk and Luhansk People’s Republics.

Germany’s allies in Europe and the United States had been pressing Mr. Scholz for weeks to state publicly that the $11 billion pipeline, which was completed late last year and runs from Russia’s coast to northern Germany under the Baltic Sea, would be at risk of being blocked in the event of a Russian move against Ukraine. “The situation today is fundamentally different,” Mr. Scholz told reporters in Berlin. “That is why we must re-evaluate this situation, in view of the latest developments. By the way, that includes Nord Stream 2.”

Ukraine’s government welcomed Germany’s decision. Foreign Minister Dmytro Kuleba called it “a morally, politically and practically correct step in the current circumstances.” Since November, the amount of natural gas arriving in Germany from Russia has plunged, driving prices through the roof and draining reserves, leaving all of Europe in an energy crunch. The pipeline, which is owned by a subsidiary of Gazprom, Russia’s state-controlled energy behemoth, has been filled with natural gas but had not gone online, pending approval from a German regulator.

The pipeline had been certified by Chancellor Angela Merkel’s government before she left office, the last step before the project was passed on to the regulator, who had said that the project might be approved as early as midyear. But Tuesday’s announcement rescinds the previous government’s approval, and the project will now be re-examined under Mr. Scholz’s economy ministry, which is led by a member of the environmentalist Greens party. Since taking office, both Mr. Scholz and his minister have stressed the importance of diversifying Germany’s energy sources away from the heavy dependence on Russian natural gas.

(snip)

https://www.nytimes.com/2022/02/22/business/nord-stream-russia-germany.html

^^^emphasis mine

Recommendations

0 members have recommended this reply (displayed in chronological order):

Good. It was a stupid idea to begin with. Don't buy from Russia. oldsoftie Feb 2022 #1
China is Ukraine's top trading partner, I believe, gab13by13 Feb 2022 #10
Putin had to know this was going to happen. I wonder if he has a plan B such as the gas going ... Botany Feb 2022 #2
They now have a 30-year deal. marie999 Feb 2022 #11
Blocking A Private-Sector Pipeline WHITT Feb 2022 #3
Lucrative for lawyers, though. Nt Ghost Dog Feb 2022 #4
Always! WHITT Feb 2022 #6
That pipeline isn't actually in use yet but would have been a faster route to western Europe BumRushDaShow Feb 2022 #7
Sure, I'll bet he's thinking NJCher Feb 2022 #8
As #5 below says, it's owned by Gazprom, and the Russian govt is the majority shareholder in that muriel_volestrangler Feb 2022 #9
Pipeline #2 WHITT Feb 2022 #13
Gazprom think they own it all muriel_volestrangler Feb 2022 #15
They Don't WHITT Feb 2022 #16
Your assertions against the reality are not impressive muriel_volestrangler Feb 2022 #18
They're Wrong WHITT Feb 2022 #25
They're right: muriel_volestrangler Feb 2022 #26
Thanks For Confirming My Point WHITT Feb 2022 #27
In bold, for the hard of reading: muriel_volestrangler Feb 2022 #30
Didn't Read That Far WHITT Feb 2022 #31
Are you serious? muriel_volestrangler Feb 2022 #33
Sorry WHITT Feb 2022 #34
congrats on winning that weird discussion n/t Slammer Feb 2022 #40
Wrong. Far from toothless. Much more expensive for Russia. No other markets close by. . . . nt Bernardo de La Paz Feb 2022 #14
Its not toothless if no one buys it. Which is the objective. oldsoftie Feb 2022 #22
Done deal now - this describes a bit more too BumRushDaShow Feb 2022 #5
excellent news-- Russia had a chance to peacefully join the European economy and they blew it LymphocyteLover Feb 2022 #28
Putin wants to reconsitute the U.S.S.R. BumRushDaShow Feb 2022 #32
Germany and the US gab13by13 Feb 2022 #12
what about Nord Stream 1? RussBLib Feb 2022 #17
Most likely, but I believe gab13by13 Feb 2022 #19
Shouldn't the US stop importing Russian gas Ghost Dog Feb 2022 #21
YES. Should've stopped long ago. oldsoftie Feb 2022 #23
Since when did we import any? LymphocyteLover Feb 2022 #29
See Lukoil BumRushDaShow Feb 2022 #35
Wow, I've never seen those. Gross. LymphocyteLover Feb 2022 #36
I noticed that their gasoline tends to run cheaper around where I live BumRushDaShow Feb 2022 #37
It was a bad idea to begin with. Happy Hoosier Feb 2022 #20
+1 exactly! Emile Feb 2022 #38
So long as Germany rejects nuclear power they cannot quit coal or Russian natural gas. hunter Feb 2022 #24
I'm afraid that this may be a simply symbolic move that will be quietly overturned once things artemisia1 Feb 2022 #39
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