A group of Republican and Democratic U.S. senators introduced legislation on Tue...
FILE PHOTO: The Nord Stream 2 pipe laying vessel Audacia is pictured off Ruegen island, Germany, November 7, 2018. REUTERS/Axel Schmidt/File Photo
The bill introduced by Republican Senators Ted Cruz, John Barrasso and Tom Cotton and Democrat Jeanne Shaheen, seeks to impose travel and financial sanctions on companies and individuals involved in constructing the pipeline. The Nord Stream 2 project is led by the Russian state-owned gas company Gazprom, with funding from Germany’s Uniper and BASF unit Wintershall, Anglo-Dutch firm Shell, Austria’s OMV and France’s Engie.
But gas by pipeline from Russia offers Germany, the biggest economy in Europe, and other countries in the region a cheaper option for fuel than liquefied natural gas from the United States and other producers.The pipeline, which would carry gas straight to Germany under the Baltic Sea, has also been criticized because it would deprive Ukraine of lucrative gas transit fees, potentially making Kiev more vulnerable.
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