Soaring natural gas prices in European markets could be seen as a boon for Russian giant Gazprom to increase its gas exports towards the Old Continent. But instead, somewhat surprising, Gazprom is adopting the exact opposite strategy, drastically reducing its physical deliveries of natural gas to the EU. Since the …
Read More »Gas Market Buys Merkel and Putin Time on Nord Stream 2
Germany won’t need additional gas flows this season, giving Chancellor Angela Merkel and Russian President Vladimir Putin another reason to bide their time on the controversial Nord Stream 2 pipeline. After two warm winters and the coronavirus pandemic, demand for the fuel used for heat and power generation is sagging …
Read More »German Minister Urges to Not Question Nord Stream 2 Completion in Light of Navalny Case
German Economic Affairs and Energy Minister Peter Altmaier on Friday opposed stopping the construction of the Nord Stream 2 gas pipeline because of the situation with Russian opposition figure Alexey Navalny, adding that it is problematic to question future-oriented projects every two months. “It is problematic to question projects that …
Read More »Germany Uses Novichok as Leverage with Kremlin over Gas Pipeline
Chancellor Angela Merkel’s top diplomat warned Russia that Germany’s support for the Nord Stream 2 gas pipeline was at risk if the Kremlin doesn’t assist in clarifying the poisoning of dissident Alexey Navalny. It was the first time a cabinet minister in Merkel’s government explicitly linked the fate of the …
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