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US President Donald Trump has relaxed the tone of a Russian gas pipeline in Germany after a face-to-face meeting with President Vladimir Putin, pbading from the harsh criticism of Germany, he had raised in Europe we last ek.
"We will sell LNG and we will have to compete with the pipeline and I think we will be competitive, although there is a slight geographical advantage" because Russia is closer to buyers in Europe, said Mr Trump told reporters at a press conference with Mr Putin after their meeting in Helsinki on Monday.
"I'm not sure it's in the best interest of Germany or not, but it's the decision they've made."
The Nord Stream 2 gas pipeline, which would double the direct delivery capacity of natural gas to Germany under the Baltic Sea and bypbad Ukraine, an important route of supply for the United States. European Union, has been a sore point between the United States and its allies in recent months. Last week, Mr Trump proclaimed what he called German dependence on Russian energy, saying it made the nation "captive" in Moscow.
The Kremlin stated that Mr. Trump's attacks were motivated by economic considerations and an attempt to promote liquefied natural gas in Europe.
million. Trump has signed a law authorizing to impose sanctions on companies involved in the Nord Stream pipeline 2. project. Royal Dutch Shell, the BASF Wintershall Unit, Uniper, OMV and Engie have agreed to provide Russia's Gazprom with funding for the 9.5 billion euro pipeline and could be exposed to penalties.
"I called him a competitor and a good competitor," Trump said about Mr. Putin on Monday. "I think the word" competitor "is a compliment."
M Putin said he saw a space for cooperation with the United States on energy, while saying that Russia would be willing to extend gas transit agreements with Ukraine. solve legal disputes over costs and prices.
Europe should become more dependent on gas imports, as the production of the Groningen field in the Netherlands, the largest on the continent, is coming to an end Maros Sefcovic, Vice President of the Energy Union of the European Commission, said at the World Gas Conference in Washington last month, strong relations with all countries that can supply gas at an affordable price.
But Europe may have trouble attracting cargo Overseas gas prices, given the higher prices in Asia. Gazprom is the largest gas supplier in Europe and provides more than a third of the region's fuel requirements. Its managing director, Alexey Miller, confirmed in June that he planned to start laying the pipes in the next two months and open the North Stream 2 link by the end of 2019. The project would reduce Russia's need to cross Ukraine.
Alexey Miller, Gazprom, is not worried about the prospect of US LNG supply in Europe. They "will never catch up and never exceed" Russian gas exports to the region, Miller said in June.
Meanwhile, an American movement to suppress Iran's fuel supplies, including in Europe, could see Iran's oil exports fall to two-thirds by the end of the year.
Europe accounted for the largest part of Iranian oil exports in the first half, with Italy and Turkey being the largest importers. Several refiners have already stopped their purchases of Iranian crude after the Swiss lender of the Bank of Commerce and Investments said it would stop funding Iranian cargoes before June 30.
(Bloomberg / Reuters)
Irish Independent
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