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Welt explained why Trump can not stop Nord Stream 2


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MOSCOW, July 2 - RIA Novosti. The United States has long been doing everything possible to prevent the construction of a gas pipeline between Russia and Germany, but even the most serious weapon of US leader Donald Trump - sanctions against European partners of the Nord Stream -2 - do not guarantee Washington the achievement of the goal, the German newspaper Die Welt writes.

The participants in the world gas conference, held last week in Washington, wondered how far the unpredictable American president could go to prevent the project from being implemented, the publication notes. Die Welt points out that Trump's foreign policy in the energy sector has not yet yielded results. Germany supported the construction of the Nord Stream-2, Sweden and Finland agreed to its construction. Moreover, preparations have already been made for laying the first sections of the gas pipeline along the bottom of the Baltic Sea.

Trump's last chance could be the introduction of economic sanctions against the five Western energy concerns that have a share in the Gazprom project, the publication believes, but even so, he is not guaranteed success in achieving his goal.

"The project is guaranteed to receive financing, which is important for Gazprom, and Russia's liquidity in the euro is now high. ... Economic sanctions against Russia may lead to even more options for financing the Nord Stream-2," said the project's CFO Paul Corcoran.

Thus, even sanctions will not help Trump prevent the construction of a gas pipeline between Russia and Germany. Rather, on the contrary, they will contribute to the implementation of the project, especially since the recently opened trade dispute with the United States has already angered the Europeans, Die Welt believes.

The Nord Stream-2 project involves the construction of two strings of a gas pipeline with a total capacity of 55 billion cubic meters of gas per year from the Russian coast through the Baltic Sea to Germany. The new pipeline is planned to be built next to the current "Nord Stream". "Gazprom" has repeatedly said about the readiness to preserve the transit of gas through Ukraine after 2019, if Kiev proves the economic feasibility of the contract. Possible volumes of the head of Gazprom Alexei Miller estimated at 10-15 billion cubic meters per year.
The United States requires European countries to stop participating in the "Nord Stream-2" project and threaten sanctions for those who do not go for it. In return for Russian gas, the US is promoting its own LNG with the construction of regasification terminals in Europe.

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