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German industry not to give up on Nord Stream II construction

BDI, the Federal Union of German Industry, blames 'third parties' for interference with Germany's energy supplies policy
12:01, 24 September 2018

Open source

Germany will not succumb to the U.S. pressure, as Washington demands that its NATO allies refuse from participation in the Nord Stream II construction and buy the American liquefied gas. Süddeutsche Zeitung wrote that quoting Dieter Kempf, the CEO of BDI, the Federal Union of German Industry.

The official criticized the 'third parties' for interference with Germany's energy supplies policy. According to Kempf, it is the German government that decides whether the 'second source' is necessary, referring to the Nord Stream II. At the same time, he marked, the low price of U.S. gas 'matters little' because it still needs to be brought across the Atlantic.

During his recent meeting with German Chancellor Angela Merkel, Russian leader Vladimir Putin claimed that Russia is ready to fund the construction of Nord Stream II to the full extent if the U.S. imposes sanctions against those involved in this campaign. U.S. leader Donald Trump, on the other hand, claimed that he would not introduce any sanctions against the Western companies involved in the construction of Nord Stream II. 

Related: Russia ready to fully finance Nord Stream-2, if U.S. introduces sanctions

Related: U.S. not impose sanctions on Nord Stream 2, - Trump

Related: Ukraine to lose $ 3 billion a year because of Nord Stream 2

Related: American, Russian Energy Ministers to discuss Nord Stream 2

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