United States threatens to sanction companies involved in Nord Stream 2 pipeline

A gas hub in Baumgarten in Austria

A gas hub in Baumgarten in Austria

U.S. President Donald Trump said the gas pipeline would amount to a "captive" Germany, as it would lead to energy dependence on Russian Federation.

"It's very sad when Germany makes a massive oil and gas deal with Russia where we're supposed to be guarding against Russia and Germany goes out and pays billions and billions of dollars a year to Russia", Trump said in a tense meeting with Jens Stoltenberg, the general secretary of the North Atlantic Treaty Organization in Brussels.

Russian Federation has obtained construction permits for Nord Stream 2 from Germany, Finland and Sweden, as the pipeline will pass through their maritime exclusive economic zones. His convening with Russian President Vladimir Putin in Finland next week is engendering extensive worry.

Nord Stream 2 pushed back against Trump's comments, noting that the pipeline route doesn't come with a requirement that Germany purchase the gas that's shipped in.

Freeland also went out of her way not to overstate the newfound simpatico with the Trump administration on this one issue, saying Canada has imposed sanctions on Russian Federation "in close collaboration with our European and US allies".

Yes. Trump has backed a push by USA gas suppliers to find new markets and an increase in cheap Russian gas supplies to Europe would reduce their export opportunities. "You tell me, is that appropriate?" "And we can not lose sight of that". There are always other options, the USA secretary said, noting that the parties had held frank discussions on Nord Stream 2.

The United States, for a number of geopolitical reasons, is vehemently objecting to the construction of the Nord Stream-2 gas pipeline. "From our perspective, it looks like a fairly bad deal ... I know will fundamentally destabilize Ukraine".

European Union gas imports come mainly from Russian Federation, which accounts for 41 per cent of them, then Norway at 35 per cent, North Africa at 12 per cent and LNG suppliers at 12 per cent.

We agreed that this is of strategic importance for the energy security of Europe, but also for the continuation of reforms in Ukraine and for the economic development of the country that has experienced many trials in these last years, Sefcovic continued.