Checkmate Putin: Nord Stream 2 will happen, Merkel needs the pipeline to stay in power
August 24, 2018
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28:25Now PlayingCheckmate Putin: Nord Stream 2 will happen, Merkel needs the pipeline to stay in power
YouTube Description
as posted by the channelThe Duran – News in Review – Episode 87.
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris break down the meeting between Vladimir Putin and Angela Merkel, and how Nord Stream 2 dominated the agenda between the two leaders.
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The calls to cancel the controversial planned pipeline Nord Stream 2 were coming from the US, Ukraine, and various EU member states, but it all fell on deaf ears. Nord Stream 2 is a reality, and no amount of US LNG dreaming appears to be changing this fact.
Germany needs Russian gas. Russian gas is substantially more cost effective than US LNG hauled all the way from the States, and at the end of the day, Angela Merkel needs Nord Stream 2 to keep her in power. Putin knows this, and so during his meeting with Merkel in Berlin, a confident Russian President laid down the positive economic realities for Germany and the precarious position of Ukraine gas transit.
Putin and Merkel did discuss a variety of hot button issues other than Nord Stream 2 including the war in Syria, the situation in Ukraine and Iran. But the most pressing issue discussed was Nord Stream 2.
Investors needed a strong signal that the project is a go...despite POTUS Trump’s rhetoric regarding the pipeline at last month’s NATO summit in Brussels.
The Trump administration has threatened to sanction European companies investing in Nord Stream 2, possibly as early as October. Washington says the Russian pipeline threatens European energy security, while Moscow points out that this latest US initiative to stop the project is nothing more than a shakedown to force European countries to buy American liquified natural gas.
#NordStream #Russia #Putin #AngelaMerkel #TheDuran
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