US EditionGermany Moves to Block Any Attempts to Restart Nord Stream
- Germany is moving to block any attempts to restart the Nord Stream 1 and 2 gas pipelines following their damage in 2022 explosions.
- This action follows heightened geopolitical tensions and ongoing Ukraine conflict, as current laws do not allow Germany to block the pipelines’ sale or reactivation.
- Chancellor Friedrich Merz's government supports EU sanctions and is considering legislation to tighten investment screening to stop foreign takeovers aiming to revive Nord Stream 2.
- With an annual capacity of 110 billion cubic meters, the Nord Stream pipeline once delivered affordable Russian gas essential for Germany’s industrial sector, which now contends with energy expenses that exceed those in the U.S. and Asia by a factor of two to three.
- Germany’s blockade risks accelerating industrial decline and reliance on costly LNG imports, raising investor concerns about Europe’s long-term economic stability.
12 Articles
12 Articles
The German government is investigating how to prevent the damaged Nord Stream gas pipelines from ever being put back into service. In response to reports that American and Russian businessmen are attempting to revive them, Germany is considering tightening its investment legislation.
The government of German Chancellor Friedrich Merz is exploring ways to block attempts to restart the Nord Stream gas pipelines connecting Germany and Russia.
Germany's Bold Move to Protect Nord Stream 2 from Foreign Takeover
Germany is considering changing its foreign trade law to prevent a takeover of the Nord Stream 2 pipelines, amid fears of resumed Russian gas imports. The pipeline, which has been inactive due to political tensions and unexplained incidents, faces potential asset sales during insolvency proceedings.
Germany Considers Tighter Investment Rules Amid Nord Stream 2 Rumors
(Bloomberg) -- The German government is examining measures that could help it stop a potential sale of the Nord Stream 2 pipeline after speculation emerged earlier this year over reviving pipeline gas deliveries from Russia.
The German government wants to stop any attempts by investors to reactivate the Nord Stream gas pipeline, which Berlin used to import cheap gas from Russia, writes the Financial Times, citing the German Ministry of Economics. The recently emerging plans to reactivate the gas pipeline have sparked a debate among our neighbors about easing high energy prices and helping German industry.
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