• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 14 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 13 hours How Far Have We Really Gotten With Alternative Energy
  • 14 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 3 days Bankruptcy in the Industry
  • 5 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days The United States produced more crude oil than any nation, at any time.
The World's Most Polluted Countries Revealed

The World's Most Polluted Countries Revealed

The air pollution problem is…

Germany Considers Expropriating Nord Stream 2 For LNG Flows

Germany is considering expropriating the German section of the Russia-led Nord Stream 2 gas pipeline project, cutting it off from the rest of the pipeline, and using the part on German territory for connecting to LNG supply that will come from Baltic Sea ports, German magazine Der Spiegel reported on Friday.

The plan will likely escalate the gas row between Germany and Russia, Der Spiegel comments on the information, for which it didn’t cite sources.

Russia completed the Nord Stream 2 project last year, but Germany halted the certification of the project late in 2021. After Russia invaded Ukraine at the end of February 2022, Germany suspended indefinitely the project that was designed to double Russian gas flows to Germany. “We now have to reassess the dramatically changed situation: This also applies toNord Stream 2,” German Chancellor Olaf Scholz said at the time, adding that “The certification cannot take place now.” 

Since the Russian invasion of Ukraine, Germany, Europe’s biggest economy, has set out plans for two LNG import facilities, at Brunsbuettel and Wilhelmshaven, in a bid to diversify supply from Russia, which accounted for around 40% of German gas consumption before the war.

Russia, for its part, has drastically cut gas deliveries via Nord Stream 1 to Germany in recent weeks, prompting Germany to rely more on electricity generation from coal in order to conserve gas and fill its gas storage by winter.

Earlier this week, Germany triggered the second phase of its three-phase gas emergency plan as it braces up for the possibility of a complete halt of gas supplies from Russia via the Nord Stream pipeline.

In an official statement, Economy Minister Robert Habeck said, as quoted by Reuters, that Germans would need to begin reducing their energy consumption and blamed the current state of affairs on Russia’s President Vladimir Putin.

By Tsvetana Paraskova for Oilprice.com 

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment
  • George Doolittle on June 26 2022 said:
    So no one allowed for the Prime Minister of the Netherlands to attend the G-7, eh?

    Sounds like a euro-tard problem to me still now with an exclamation point therefore. Since when is the G-7 France, Great Britain and Germany again? Anyhow maybe Spain will stop complaining that Portugal even exists as the problem for 5 minutes and speak up for, well...Spain!

    Who knows.

    Glad to hear Putin finally ahem *&quot;visited a foreign Country at last&quot;* ahem. I&#039;m sure he&#039;ll be showing up in Mauripol any day now as well to do his Troop review. Long $nee Next Era Energy

    Strong buy

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News