U.S. Will Monitor Activity to Complete Nord Stream 2 Pipeline
WASHINGTON (Reuters) — The United States will monitor activity to complete or certify the Nord Stream 2 pipeline intended to transport Russian natural gas to Europe and, if such activity takes place, will make a determination on sanctions, the U.S. State Department spokesman said on Wednesday.
"It's a bad deal," State Department spokesman Ned Price said at a news briefing. "We will work closely with our allies and partners to reinforce European energy security and safeguard against predatory behavior, including that of Russia in this case."
Construction of Nord Stream 2 was initially halted in December 2019 following the sanctions threat from the United States, which wants to cut Europe's dependence on Russian energy and sell its own liquefied natural gas to the region.
Nord Stream 2 is designed to double capacity of the existing undersea Nord Stream gas pipeline from Russia to Germany to 110 billion cubic meters (bcm) per year, more than half of Russia's overall pipeline gas exports to Europe.
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