Germany offered to spend up to €1bn to subsidize construction of two LNG terminals capable of receiving US gas exports in exchange for Washington dropping its opposition to Nord Stream 2,

Germany offered to spend up to €1bn to subsidize construction of two LNG terminals capable of receiving US gas exports in exchange for Washington dropping its opposition to Nord Stream 2, report Die Zeit and The Financial Times. In letter dated August 7, Germany’s Finance Minister Olaf Scholz wrote US Treasury secretary Steven Mnuchin that Germany would invest the money in exchange for the US “allow[ing] for the unhindered construction and operation of Nord Stream 2.” Texas Senator Ted Cruz has lead the charge against Nord Stream 2, leading many Germans to believe that US opposition is driven primarily by seeking to open Europe to US gas.