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Germany Offered The US A Deal On Nord Stream 2

Germany Offered The US A Deal On Nord Stream 2

The German Finance Ministry in August offered the United States to finance the construction of terminals for receiving liquefied natural gas (LNG) in the country in exchange for the completion of the Nord Stream 2 gas pipeline, the German newspaper Zeit reports.

According to her, German Minister Olaf Scholz made such an offer to his American counterpart Steven Mnuchin first orally, and then, on August 7, in writing. According to the newspaper, LNG receiving terminals were proposed to be built in Brunsbuttel and Wilhelmshaven, and the Ministry of Finance offered to allocate up to a billion euros for this.

"For its part, the United States will allow the construction of Nord Stream 2 to be completed and put into operation without hindrance. The existing legal possibilities for sanctions are not fully implemented," the newspaper quotes the proposal from the document.

The Nord Stream 2 project involves the construction of a gas pipeline with a capacity of 55 billion cubic meters per year from the Russian coast through the Baltic sea to Germany. It is implemented by Nord Stream 2 AG with the sole shareholder, Gazprom. European partners-Royal Dutch Shell, OMV, Engie, Uniper, and Wintershall-collectively Finance the project by 50%, that is, up to 950 million euros each.

The project is actively opposed by the United States, which promotes its liquefied natural gas in the EU. The United States imposed sanctions against Nord Stream 2 in December, requiring companies to immediately stop laying the pipeline. Swiss Allseas then almost immediately announced the suspension of such work. Now the US is discussing the expansion of sanctions against the project.

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