“European market hangs in the balance as LNG champions take aim at Russian-Turkish energy alliance.” – by John Psaropoulos
LNG
U.S. Concedes Defeat on Gas Pipeline It Sees as Russian Threat (Bloomberg)
“The U.S. conceded it won’t be able to stop completion of the controversial Nord Stream 2 natural gas pipeline from Russia to Germany, acknowledging the failure of a years-long effort to head of a perceived threat to European security.” – by Jennifer Jacobs, Nick Wadhams and Lars Paulsson
Nord Stream: A Roadmap for Secure and Safe Gas for Europe or a Continental Power Play? (Energy Industry Review)
“Depending on who you ask, Nord Stream 2 is either a sustainable way to ensure European energy security or a proxy for Russian hybrid warfare. Or both.” – by Evgenios Zogopoulos
U.S. Efforts To Derail Russian Pipelines To Europe Have Failed Since The 1960s (RFERL)
“The Trump administration and the U.S. Congress are fighting to block the 9.5 billion-euro ($10.6 billion) Nord Stream 2 project amid fears it will make NATO allies and other European countries more reliant on Russian energy and damage Ukraine by depriving it of transit fees.” – by Todd Prince
Germany needs LNG terminals (Handelsblatt)
There’s significant evidence that increasing competition in the gas market would be both good for German consumers and the security of the LNG supply, two experts argue.