With Russia’s renewed invasion of Ukraine, attention has turned once again to the controversial Nord Stream 2 gas pipeline linking Russia to Europe via Germany.
The undersea pipeline, which is complete but not yet operating, was an irritant in U.S.-German relations well before Russian President Vladimir Putin said he would recognize the independence of the Donetsk and Luhansk areas.
Now it’s become a major target as Western governments try to exert leverage on Russia to deter further military moves against Ukraine. Nord Stream 2 is a 764-mile-long natural gas pipeline under the Baltic Sea, running from Russia to Germany's Baltic coast. Nord Stream 2 would offer an alternative to Ukraine's aging system that Gazprom says needs refurbishment, lower costs by saving transit fees paid to Ukraine, and avoid episodes like brief 2006 and 2009 gas cutoffs over price and payment disputes between Russia and Ukraine.
Germany's utility regulator was reviewing the pipeline for compliance with European regulations on fair competition. It's that approval process that Scholz said Tuesday that he was suspending.
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