Nord Stream 2 is almost complete after clearing another hurdle

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Denmark cleared the latest hurdle to a potential Nord Stream 2 start in Danish waters on Thursday, as the United States continues its bid to shut down the Russian-led pipeline project.

On Thursday, the Danish Energy Agency announced that it had granted Nord Stream 2 AG, the company behind the project, an operating license for Nord Stream 2 pipelines on the Danish continental shelf, under several conditions.

“Commissioning can only take place when at least one of the pipelines has been tested, verified and the relevant conditions of the building permit and the operating permit have been fulfilled,” the Danish agency said.

Meanwhile, US Secretary of State Mike Pompeo said in an interview with a German daily last week that the United States is building a coalition to prevent the completion of the Nord Stream 2 pipeline which will dramatically increase the flow of gas. Russian in Europe.

“From an American point of view, Nord Stream 2 puts Europe in danger because it makes it dependent on Russian gas and endangers Ukraine – which, in my opinion, worries many Germans,” Pompeo told the daily German Bild.

Germany, the endpoint of Nord Stream 2, has looked into the economic benefits of the project, while the United States, including President Donald Trump, has threatened the project and even Germany for its sanctions. project support.

The United States, several European countries including the Baltic States and Poland, as well as the European Union (EU), have expressed concern over Russia’s use of gas sales and its gas monopoly Gazprom as a tool. Politics.

Related: This Small Nation Is Building The World’s Next Great Energy Center

The United States considers that Nord Stream 2 further compromises Europe’s energy security by giving Gazprom another gas pipeline to ship its natural gas to European markets.

In July, the United States warned companies helping Russia complete Nord Stream 2 that they would either have to “come out now” or suffer consequences, as the Trump administration ramps up efforts to halt construction of the controversial pipeline led by Russia in Europe.

In recent weeks, German Chancellor Angela Merkel has come under pressure from some of her coalition partners to drop German support for Nord Stream 2 after the poisoning of Russian opposition leader and Putin critic Alexey Navalny .

By Tsvetana Paraskova for OilUSD

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