NORD STREAM 2

This 1,200-kilometer pipeline goes through the Baltic Sea from Russia’s Ust-Luga to Germany’s Greifswald. It will transport 55 billion cubic meters of natural gas per year.
In 2015, it was determined to construct this pipeline.
The Nord Stream 1 system is now operational, and when combined with NS2P, it will provide Germany with 110 billion cubic meters of gas per year.

It will increase Europe’s natural gas dependence on Russia; currently, EU (European Union) countries rely on Russia for 40% of their gas needs.

It has the potential to be a generational geopolitical success for Russia and a disaster for the US and its allies.

The United States has chosen the gentler option of threatening Russia with consequences if it uses the pipeline to hurt Ukraine or other eastern European countries.
On the one hand, it wants access to Russia’s hydrocarbons, but it also distrusts Russian President Vladimir Putin, whom it accuses of a series of transgressions, including the 2014 Crimean conflict and alleged meddling in US elections in 2016 and 2020.
Germany’s own anti-Russia legislation:
If ‘Russia attempts to utilize energy as a weapon and perform more aggressive acts against Ukraine,’ the US-Germany agreement states that Germany will impose sanctions and limit Russian exports on its own.
Germany must “use all available leverage” to extend the current Russia-Ukraine gas transit agreement by ten years, according to the Green Fund for Ukraine.
In addition, Germany must contribute at least $175 million to a new $1 billion “Green Fund for Ukraine” aimed at increasing the country’s energy independence.

Source: THE HINDU.

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