Gazprom Gerd For Painful Counter-Reactions

He didn’t say who these counter-reactions were going to be most painful too, however.

Gerd

Nord Stream 2, folks. It’s getting ugly. The ex-chancellor’s reaction is quite understandable, however. Considering who he works for.

German government officials, MPs and experts have criticised U.S. plans to tighten sanctions on the contentious natural gas pipeline project Nord Stream 2 (NS2) currently under construction in the Baltic Sea as an encroachment on EU sovereignty in a parliamentary hearing. Former German chancellor Gerhard Schröder, who has close ties to the Russian government and chairs Nord Stream 2’s board of directors, said there is no doubt that the U.S. attempt to “dictate the sovereign community of states such as the EU what to do” must be rejected. He said that diplomatic possibilities must be exploited, “but this will not work without counter sanctions”, without giving details. Schröder said natural gas would be needed as a bridging technology in Germany’s energy system for a very long time.

But the former chancellor’s comments were met with criticism. His presence as a “badly informed Russian gas lobbyist is a disgrace for the highest government office”, said Alexander Reitzenstein, senior policy advisor at think tank E3G.

German Of The Day: Zusage

That means pledge – like the one Germany just made (increase in defense spending to 2% by 2024 instead of 2028 or 2030).

Zusage

President Donald Trump appeared to declare victory on Thursday in his battle with America’s closest allies to get them to contribute more money to the NATO alliance. Mr. Trump acknowledged that he had taken a tough stance with his European counterparts, demanding they contribute more of their national budgets to defense and saying after Thursday’s meetings, “they upped their commitments and I am very happy…”  

Under fire for his warm embrace of Russia’s Vladimir Putin, Mr. Trump on Wednesday turned a harsh spotlight on Germany’s own ties to Russia, alleging that a natural gas pipeline venture with Moscow has left Angela Merkel’s government “totally controlled” and “captive” to Russia.

Auch Deutschland habe große Zusagen gemacht – das Zwei-Prozent-Ziel solle nun wesentlich früher erreicht werden als ursprünglich geplant – laut Trump nicht erst 2028 oder 2030, sondern schon 2024.

Russia Passing Less Gas Than Usual

To Europe, I mean. Do to a “technical disturbance,” it seems. Some 20 to 24 percent less natural gas than agreed to. All of a sudden-like.

Gas

Thank goodness countries like Germany thought ahead and only import a mere 35 percent of the natural gas they need from Russia. Otherwise a dangerous dependency might have developed that could have eventually even threatened the Energiewende itself!

Seit Montag seien die Lieferungen um 20 bis 24 Prozent geringer als in den Vereinbarungen mit dem russischen Energiekonzern Gazprom festgelegt.

What The Frack?

US-Amerikan gas has suddenly become a whole lot more attractive to Europeans these days for some strange reason.

Gas

“European nations…will, if no solution to this can be found, recast their approach to energy and economic links with Russia over time. Those are things over time which I think will mean this has been a serious miscalculation [by Russia],” British Foreign Secretary William Hague said.

Britain buys about 1% of its natural gas from Russia, but other European nations purchase more than a third of their needs, which means they wouldn’t be in a position to simply do without that supply, he said.

Angesichts der anhaltenden Spannungen in der Ukraine drohen europäische Politiker Russland mit Folgen im Energiemarkt. Europäische und amerikanische Politiker werden Verhandlungen über höhere US-Exporte nach Europa aufnehmen, sagte Großbritanniens Außenminister William Hague an.