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,

Thursday, September 17, 2020
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.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Building an effective anti-corruption system in Ukraine “is the key to structural reforms and the transition to stronger and more equitable growth, a precondition for the current IMF support program,”

Building an effective anti-corruption system in Ukraine “is the key to structural reforms and the transition to stronger and more equitable growth, a precondition for the current IMF support program,”

Next post
Demonstrating the financial world’s hunger for yield, Metinvest’s Eurobond placement was almost five times oversubscribed,

Demonstrating the financial world’s hunger for yield, Metinvest’s Eurobond placement was almost five times oversubscribed,

Previous Main Topics