To sum it up.....briefly....the German government has not gone and approved 'use' of the Nord Stream II pipeline (the new one going from Russia to northern Germany).
Presently, in terms of Russian natural gas (roughly 35-to-37 percent of what German consumers use)....comes via the southern pipeline (from Russia, to the Ukraine, onto Eastern Europe, and finally into central Germany). It's been around and conveying natural gas since the mid-1970s.
Russia would like to have Nord Stream II operating because they could then get tough on the Ukraine....making them pay full-price on natural gas (something they've avoided since day one). Germany (at least the politicians say this) wants both to exist in the future, and some discount to the Ukraine to continue.
So Russia has hinted in some ways....natural gas might decrease a little on the first pipe....to enhance their position of turning on Nord Stream II. All of this chatter....leads to price increases (anyone's guess but wouldn't shock me if we were talking five to ten percent).
Is this a top five news item? Yes.
Will this operational status be sticking for the new German government (likely early-to-mid December) to resolve? Yes.
Odds of the Ukraine getting screwed? 99-percent, in my humble opinion.
That's the whole story in a two-minute read.
4 comments:
Why is the German government responsible fir Ukraine ? In my opinion they should not be, Ukraine got a lot of benefits from Russia in the past being a vassal state much like Belarus is today. If they want to stand on their feet so be it. Let them do it. I am sick and tired of their entitlement … freeloaders
If you were going to ask where the next 'big' European war will occur, I'd respond it's a 90-percent chance to being Ukraine. Maybe there's some reasons to dig into this pipeline/Ukraine issue. But few people grasp that major discoveries of natural gas has been noted in the Crimea area, and with 'help'....the Ukraine could not only produce their own reserves....but sell to Germany as well. But who wants to flush cash into the production of this? Do you see any Germans wanting to fund that? There's a lot I can say of the unique character/charm of the Ukraine.
Crimea was historically a turkish- tatar owned country, there is no history that Ukraine had a hold of this land. They only got it because if the soviet president Khrushkev that assined the land to Ukraine. Now they think is theirs. Is not Ukrainian and is not Russian. There is plenty if gas offshore and Romania and Ukraine started to develop wells -with western technology help of course. But really all this gas should go to the people killed and displaced by the soviets- the tatars … who knows where they are now?
A page that is worth reading : https://www.sciencespo.fr/mass-violence-war-massacre-resistance/fr/document/suerguen-crimean-tatars-deportation-and-exile.html
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