JRL NEWSWATCH: “Pipelines From Russia Cross Political Lines; Critics say the Nord Stream 2 project would make Germany too dependent on Russian natural gas and economically punish Ukraine” – New York Times/ Steven Erlanger

Gas Flame file photo

“… Radoslaw Sikorski … former Polish defense minister, compared it to the infamous 1939 Molotov-Ribbentrop Pact that allied the Nazis with Stalin’s Soviet Union. … [A] pair of natural gas pipelines known as Nord Stream 2, … would double the capacity of an existing pair of pipelines, Nord Stream …. The pipelines run from Russia directly under the Baltic Sea to Germany, bypassing Poland and Ukraine …. Gazprom … majority owned by the Russian government, owns 51 percent of Nord Stream 1 and all of Nord Stream 2 AG, which is developing and will operate the new pipelines. …

European exports represent the bulk of Gazprom’s profits … vital for the Russian state. Oil and gas production accounts for 40 percent of Russia’s budget.

… Russia … still largely depends on energy exports to finance its government (and military). …”

Click here for: “Pipelines From Russia Cross Political Lines; Critics say the Nord Stream 2 project would make Germany too dependent on Russian natural gas and economically punish Ukraine” – New York Times/ Steven Erlanger