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European Gas Prices Jump As US Announces Nord Stream 2 Sanctions

From zerohedge.com

On Tuesday, European natural gas futures jumped after the U.S. imposed new sanctions on the highly contested Nord Stream 2 pipeline. U.S. Secretary of State Antony Blinken issued a statement on Monday describing the new round of sanctions targeting a vessel and a "Russian-linked entity" called Transadria Ltd. associated with the pipeline's construction that allows natural gas flows from Russia directly to Germany. Blinken said a report had been sent to Congress and the sanctions support Protecting Europe's Energy Security Act of 2019. There's been a lot of concern over Moscow's ability to leverage natural gas ... (full story)

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