Nord Stream 2
US President Joe Biden has said there is no chance of the Nord Stream 2 gas pipeline project going should Russia mount an offensive. UK and EU wholesale gas prices have risen by 17 after Germanys energy regulator suspended approval of the controversial Nord Stream 2.
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Germany has suspended its approval process for the controversial Nord Stream 2 gas pipeline which would double its reliance on Russian gas following growing geopolitical pressure to scrap the project.
. News Biden promises no Nord Stream 2 if Russia invades Ukraine. The pipeline has been completed but has not yet certified by Germanys energy. Nord Stream 2 is the fourth pipeline he has built to cut Ukraine out of the mix and avoid paying the transit fees that made up as much as 4 percent of Ukraines GDP.
Nord Stream 2 is a 750-miles pipeline connecting Russia and Germany with the potential to supply 26m German homes. Senate on Thursday failed to pass a bill to slap sanctions on Russias Nord Stream 2 natural gas pipeline sponsored by Republican Senator.
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