Canada, U.S. express concern at North Atlantic Treaty Organisation over Russian pipeline into Germany

Canada, U.S. express concern at North Atlantic Treaty Organisation over Russian pipeline into Germany

Canada, U.S. express concern at North Atlantic Treaty Organisation over Russian pipeline into Germany

If and when built, Nord Stream 2 - when combined with Nord Stream 1 - will be able to transport 110 billion cubic meters of natural gas annually from Russian Federation to Germany under the Baltic Sea, bypassing Ukraine and possibly putting it out of the gas transit business at a cost of $2 billion a year.

Trump - who advocates increasing United States liquified natural gas exports - said "Germany got rid of their coal plants, they got rid of their nuclear, they're getting so much of their oil and gas from Russian Federation".

"We have said before that we consider this to be unfair competition", Kremlin spokesman Dmitry Peskov said, adding that it was an attempt to force European buyers to purchase more expensive gas from elsewhere.

The Kremlin on Thursday rejected U.S. President Donald Trump's description of Germany as a "captive" of Russian Federation.

The two-day meet in Brussels is shaping up as the alliance's most hard in years, with Europe and the USA engaged in a bitter trade spat and Trump demanding that North Atlantic Treaty Organisation allies "reimburse" Washington for the cost of defending the continent.

We agreed that this is of strategic importance for the energy security of Europe, but also for the continuation of reforms in Ukraine and for the economic development of the country that has experienced many trials in these last years, Sefcovic continued.

US President Donald Trump has singled out Germany's dependence on Russian gas as a weakness, and to some extent he is right.

In recent years, advances in extraction technology have made the United States one of the leading producers of natural gas, a fossil fuel but one that is relatively clean and efficient.

What does the future hold for Nord Stream 2?

"The president is pretty straightforward about what he believes and he thinks Nord Stream 2 is not in the European Union's best interest and my bet is he'll be more than happy to tell President Putin that straight to his face", said Perry.

Schroeder went on to become a board member of several consortiums in which Russian government-controlled energy company Gazprom is at least the majority shareholder. "Canada has been clear in our worldwide conversations with many countries". "Natural gas pipelines implied mutual trust within a stable relationship, which led to further collaborations, including cooperation in nuclear power", he explained. But Germany, Europe's biggest economy, spends just 1.24 per cent, compared with 3.5 per cent for the US.

Related news