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US pushes back vote on Nord Stream 2 sanctions

US pushes back vote on Nord Stream 2 sanctions
A US Senate committee will not vote until next week on a bill that seeks to levy sanctions on companies and individuals involved in building the Nord Stream 2 natural gas pipeline from Russia to Germany.

The bill was expected to be considered during a business meeting on Thursday but one member requested a delay consideration of the "Protecting Europe's Energy Security Act" which was accepted by the Committee Chairman Republican Senator Jim Risch. 

The bill, sponsored by Republican Senator Ted Cruz, must pass the full Senate and the House of Representatives, as well as signed off on by President Trump before becoming law.

Also on rt.com Sea section of Russia’s Nord Stream 2 natural gas pipeline is 60% complete

The Nord Stream 2 pipeline intended to carry natural gas from Russia to Germany, raising fear in the US and in Europe about a deeper dependence on Russia for gas supplies.

While Germany supports this project for its steady gas supplies, Eastern Europe, Nordic and Baltic Sea countries see the pipeline as increasing Moscow’s economic grip on Europe.  Just like past US presidents, the Trump administration is also opposed to the Nord Stream 2 pipeline.

The US tried to pull Europe away from Russia by displacing Russian pipeline supplies to Europe with US exports of liquefied natural gas.  After becoming a major exporter of LNG and more US shipments to European ports, the US continued to promote its exports of LNG to help diversify Europe’s source of natural gas beyond Russia.

Also on rt.com Against the sanctions run of play: German investments in Russia set to smash 10-year record

Poland, as one of the strongest opponents of this pipeline, agreed to buy US LNG in a bid to reduce its dependence on Russian gas.

Although US LNG companies have made some long-term deals with European countries, these shipments would be still more expensive than gas sent by pipeline from Russia.

The Nord Stream pipeline project is sixty percent complete. It would ship gas from Russia under the Baltic Sea to Germany and would double the capacity of the existing pipeline. It still has no permission to construct the pipeline through Danish waters.

This article was originally published on Oilprice.com

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