Germany offers US billion-euro LNG investment deal to lift sanctions from Russia’s Nord Stream 2 gas pipeline – report | WHAT REALLY HAPPENED

Germany offers US billion-euro LNG investment deal to lift sanctions from Russia’s Nord Stream 2 gas pipeline – report

Berlin has offered to invest €1 billion in US liquefied natural gas (LNG) if Washington lifts sanctions against the Russia-led Nord Stream 2 gas pipeline project, newspaper Die Zeit reported on Wednesday.

According to the paper’s sources, Berlin is ready to invest in the construction of two terminals in Germany to receive American LNG. “In response, the United States will allow the unhindered completion and operation of Nord Stream 2,” Die Zeit said, citing a letter (sent on August 7) from German Vice-Chancellor and Finance Minister Olaf Scholz to US Treasury Secretary Steven Mnuchin.

The US and Germany have been increasingly at odds due to Washington’s attempts to arm-twist Berlin into abandoning the Nord Stream 2 pipeline initiative. The construction of the energy route was halted last year after the US threatened vessels involved in the project with biting sanctions. The US recently stepped up its pressure campaign, saying it would impose sanctions on anyone investing in or working on the construction or maintenance of the pipeline in the future.

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