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Wed Oct 30, 2019, 09:43 PM

Nord Stream 2 clears major hurdle as Denmark OKs gas pipeline

Source: Reuters

BUSINESS NEWS OCTOBER 30, 2019 / 9:07 AM / UPDATED 3 HOURS AGO

Nord Stream 2 clears major hurdle as Denmark OKs gas pipeline

Stine Jacobsen, Vladimir Soldatkin
5 MIN READ

COPENHAGEN/BUDAPEST (Reuters) - Denmark on Wednesday gave the go-ahead to the Nord Stream 2 gas pipeline, removing the last major hurdle to completion of the Russian-led project that has divided opinion in the European Union.

The Danish permit was the last needed for the 1,230-km-long (765-mile) pipeline from Russia to Germany. The United States and several eastern European, Nordic and Baltic countries have expressed concern that the project, led by state-owned Gazprom (GAZP.MM), will increase Europe’s reliance on Russian gas.

A U.S. Energy Department official said the project increases Russia’s grip over regional energy supply and threatens the security of European allies. “The United States will ... examine all tools at its disposal regarding this project,” the official said on condition anonymity, though it was unclear whether tools such as sanctions could stop it.

U.S. President Donald Trump, like his predecessor former President Barack Obama has opposed the project. The United States is offering exports of liquefied natural gas, or LNG, to Europe to lessen its dependence on Russian gas.

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Read more: https://www.reuters.com/article/us-gazprom-nordstream-2/nord-stream-2-clears-major-hurdle-as-denmark-oks-gas-pipeline-idUSKBN1X91KR

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Reply Nord Stream 2 clears major hurdle as Denmark OKs gas pipeline (Original post)
Eugene Oct 30 OP
eppur_se_muova Oct 31 #1

Response to Eugene (Original post)

Thu Oct 31, 2019, 08:14 AM

1. 45 OPPOSED this ?!? Even though Obama did too ?!? {clutches pearls}

And opposing it would be disadvantageous to RUSSIA ?!? Bring my fainting couch, quickly !

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