Title : The World’s Most Politically Charged Pipeline Is Going To Be Built
link : The World’s Most Politically Charged Pipeline Is Going To Be Built
The World’s Most Politically Charged Pipeline Is Going To Be Built
OilPrice.com: There’s No Stopping The World’s Most Politically Charged Pipeline
This week, Denmark granted Gazprom approval for its Nord Stream 2 gas pipeline project, a project that is set to bring 55 billion cubic meters of Russian gas into Europe annually. It is one of the most controversial pipeline projects in the world and is now moving ahead despite strong opposition from multiple EU members and the United States.
The geopolitical tensions surrounding the development of Nord Stream 2 are unprecedented. To begin with, Russia has very poor relations with the Baltic states and Poland, nations who will almost always fight against anything they see as empowering Russia geopolitically. Then there is Ukraine, a nation that is strongly against the pipeline due to its fear of losing the transit fees that it currently charges Russia for exporting gas to Europe. Finally, and perhaps most importantly, the United States sees this pipeline as a direct threat to its soft power in Europe as well as a threat to its growing LNG exports.
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WNU Editor: This pipeline is a go. Germany needs the energy, and they are committed to seeing this project through.
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