Russia’s pipe dreams are Europe’s nightmare [GGP]
In the ongoing showdown between Russia and the West, Russia has a trump card: natural gas exports. Despite chilly relations, in 2018, gas shipments from Russia to Europe and Turkey hit an all-time high of 201.8 billion cubic meters (bcm). And even as the EU sticks to its guns on Russia sanctions, many of its members happily press ahead with their pet energy projects. Germany, for example, continues to back the Nord Stream 2 pipeline, which will bring natural gas from Russia to the north German coast.
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