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U.S. sanctions against Nord Stream 2: the global realpolitik of Russian gas for Europe

From energypost.eu

The proposed US sanctions aimed at Nord Stream 2 (NS2) are yet another hurdle in the way of the controversial Russian gas pipeline for Europe. But they are not an attempt by the Americans to prevent Gazprom from supplanting them as a supplier, says Alan Riley at the Atlantic Council Global Energy Center, because NS2 will deliver no more gas than the current route via Ukraine, just replace it. He argues the sanctions are to constrain Russia’s ability to turn off the taps for political reasons, and those threatening to sue the EU into getting NS2 back on track not only have a weak case, but are missing this vital ... (full story)

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  • Category: Fundamental Analysis