According to Sen. Jeanne Shaheen the US should act against Russia’s gas pipeline project. The European Union’s energy security should be considered when allowing such a project the US senator said Wednesday.
“Russia has a track record of weaponizing natural gas,” said Sen. Jeanne Shaheen, the New Hampshire Democrat on the Senate Foreign Affairs subcommittee on European affairs, adding that the US has no reason to help Russia move forward with its gas pipeline project.
It would “give Russia even more options for influencing and intimidating Europe, specifically Ukraine,” she said.
The Nord Stream 2 pipeline, which would connect Russia through the Baltic Sea to Greifswald in northeast Germany, is opposed by some EU countries led by Poland. They say the project has antitrust issues and goes against the EU’s objective to diversify energy sources, reduce reliance on Russia and keep gas flowing through existing pipelines in Ukraine.
Nord Stream 2 is expected to double the capacity of the existing pipeline following largely the same route to the lucrative European market
Full Content: Market Watch
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI