Energy

Why a U.S.-EU dispute is likely to go from bad to worse

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LONDON — A simmering geopolitical dispute over an undersea pipeline that would bring gas from Russia to Germany is widely expected to intensify in the coming weeks, with pressure building on President Joe Biden to do more to halt the nearly-complete project.

If finished, the 1,230-kilometer (764-mile) Nord Stream 2 pipeline will become one of the longest offshore gas pipelines in the world. It is designed to deliver Russian gas directly to Germany under the Baltic Sea, bypassing Ukraine.

Alongside several European countries, the U.S. opposes the pipeline, calling it a “bad deal” for European energy security.

Critics also argue the pipeline is not compatible with European climate goals and…



Source cnbc.com

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