Belarusian President Alexander Lukashenko’s remarks raised new concerns about the supply squeeze and high prices in Europe as the Yamal-Europe pipeline that carries Russian natural gas to Germany passes through Belarus.
Russia provides a third of Europe’s gas and its supply intentions are critical at a time when a surge in spot prices has hit households and businesses alike in Europe.
The pipeline project has faced resistance from the United States, which says the pipeline will increase Europe's reliance on Russian energy.
The U.S. was engaged in “detailed diplomatic engagement” with energy producers, added Jake Sullivan, President Joe Biden’s national security adviser.
Fatih Birol said the IEA’s own analysis suggested Russia could raise exports by roughly 15% of peak winter supply to Europe and urged Moscow to step up as a “reliable supplier.”
Russian President Vladimir also called for the sustainable development of the oil, gas and coal sectors and said it was important that was not neglected.
The Nord Stream 2 pipeline, which would help Moscow to bypass political foe Ukraine in transiting gas to European markets, doubles Russia’s annual gas export capacity.
The much-politicized Nord Stream 2 pipeline will double Russia’s gas exporting capacity to Europe via the Baltic Sea and will allow Moscow to circumvent its political foe Ukraine.
The $11 billion project, which will double the existing Nord Stream pipeline across the Baltic Sea and allow Russia to bypass Ukraine when piping gas to Europe, has been a focal point of tensions between Moscow and Washington.
U.S. President Joe Biden separately issued an executive order allowing for sanctions to be imposed on certain Russian pipelines.