Schroeder says U.S. pressure on Denmark the main reason for Nord Stream 2 delayChristian Fernsby ▼ | June 7, 2019
U.S. political pressure on Denmark is the main reason for delays on construction of the Nord Stream 2 gas pipeline to Europe, project chairman Gerhard Schroeder said on Friday.
Russian economies Gerhard Schroeder
Former German chancellor Schroeder said that U.S. gas is more expensive than Russian gas and would be a bad choice for Europe, adding that looming elections in Denmark offer hope that Nord Stream 2 will be finished on time.
"Nord Stream 2 is a project that can be put into service at the end of the year. But there is a problem, it's obvious - Danish politics. This is linked to U.S. political pressure (on Denmark) and Ukraine," Schroeder said.
United States Energy Secretary Rick Perry last month said that a sanctions bill to put onerous restrictions on companies involved in the project would come in the "not too distant future".
The company behind Nord Stream 2 has said it could push the pipeline launch back to next year because of delays in obtaining permits from Denmark.
The Russian-led company has two pending route applications with Danish authorities, the first of which was submitted more than two years ago, but it was asked in March to assess a third option in Danish waters.
"Denmark is putting Europe's energy security at risk," Schroeder said. ■