Senators’ bill would impose Nord Stream 2 sanctions

US Senators Ted Cruz (R-Tex.) and Jeanne Shaheen (D-NH) introduced a bill

on the 14th May which would impose targeted sanctions against vessels involved in constructing the proposed Nord Stream 2 natural gas pipeline and other Russian energy projects.

 

“Nord Stream 2 threatens Europe’s energy security and America’s national security,” said Mr Cruz. “The United States simply cannot allow Russia to dominate Europe’s energy future.”

 

Ms Shaheen said, “Unfortunately, Vladimir Putin is dangling the prospect of cheap gas in front of some of our closest allies to monopolise the supply of energy in Europe and bring increased instability to the continent.”

 

She warned, “This pipeline has the tremendous potential to compromise energy security throughout the continent for decades.”

 

Their action came hours after Tass, Russia’s official news agency, quoted Gazprom Deputy Chairman Vitaly Markelov saying that only 40 kilometres remain to be built of the 800-kilometre Russian portion of the proposed pipeline from Russia beneath the Baltic Sea to Germany.

 

Source: Oil & Gas Journal