European Union leaders raised objections to a massive new pipeline project that would pump natural gas directly from Russia to Germany, claiming that the scheme would break EU laws.
The Nord Stream 2 project would expand the current Nord Stream pipeline under the Baltic Sea which directly links Germany to natural gas reserves in Siberia.
The pipeline bypasses both Ukraine and Slovakia, which are traditional transit countries for supplies pumped by Russian energy giant Gazprom, depriving them of substantial transit fees.
German Chancellor Angela Merkel speaks during a media conference at the conclusion of an EU summit in Brussels on Friday, Dec. 18, …read more
Source: Malaya Business Insight
