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US forcing Europe to abandon Russian gas & buy more expensive American LNG – Lavrov

RT | January 15, 2018

The United States is afraid of fair competition in the energy sector, and is hampering the implementation of the Russian Nord Stream 2 gas pipeline project, according to Russian Foreign Minister Sergey Lavrov.

“There is reprisal in the energy sector against North Stream 2. It is the US which is calling it politicized, leading to a split in Europe, and the strangling of Ukraine,” he said at a press conference on Monday.

“Washington clearly forces Europeans to abandon Nord Stream 2, despite the fact that gas deliveries to Germany via the pipeline could be 2,000km shorter than through Ukraine, and the cost of transit could be halved,” said the Russian diplomat.

Europeans “are being forced to buy much more expensive liquefied gas from the United States instead of Russian gas,” Lavrov added.

He also said that the US could not withstand fair competition from Russia in the gas-export sector.

Russia plans to build the Nord Stream 2 natural gas pipeline under the Baltic Sea to Germany, and to double the existing pipeline’s capacity of 55 billion cubic meters per year.

The project has faced fierce resistance from some EU members, especially from the Baltic states and Poland. They say the pipeline will cut gas transit through Ukraine and will result in a Russian monopoly in the EU gas market.

Other countries like Austria, Hungary and Germany are in favor of buying Russian gas.

January 15, 2018 - Posted by | Economics | , , , ,

3 Comments »

  1. The old-fashioned free play of market forces will probably prevail in the end. And the American method of extracting gas by fracking is unsustainable in any case. Patience!

    Comment by traducteur | January 15, 2018 | Reply

  2. More ‘Bullying’ of other countries by the Military Industrial Complex, and America’s “Less than 1%”
    “Free Trade” is only allowed if it suits America’s Richest………
    “Yankee go home”……..and Fix America……..Make America Great Again………..

    Comment by Brian Harry, Australia | January 15, 2018 | Reply

    • The received expert history claims that British imperialism fostered free trade. But under British imperialism oil prices from the Persian Gulf were set administratively and production was from a single source which utilized central planning.

      Comment by aletho | January 15, 2018 | Reply


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