Nord Stream 2 may be halted on Russia/Ukraine conflict
Russia’s November seizure of two dozen Ukrainian sailors tilted German politics from supporters to skeptics of Nord Stream 2 pipeline underneath Baltic Sea bypassing Ukraine.
Nord Stream 1 flows ~5.3 BCF/d and Nord Stream 2 would double that to ~10.6 BCF/d.
Trump cited geopolitical risks of Nord Stream 2 at July 2018 NATO summit.
Nord Stream 2 is significant for several reasons;
- It backs out US LNG supply to Europe
- It increases Russian bargaining power over Europe
I give Nord Stream 2 a 50/50 chance of proceeding, down from 90/10 chance of proceeding.
– Mike Reed
Bloomberg Source Article: Germany Wobbles on Russian Gas Pipeline as Putin Tensions Mount