Germany is leading Western Europe’s return to business as usual with Russia in the natural gas sector, notwithstanding Russia’s war in Ukraine. On September 4, at the Vladivostok economic forum, with Russian President Vladimir Putin in attendance, two binding agreements were signed that will dramatically increase Germany’s reliance on Russian natural gas for consumption, transit and storage. One agreement involves construction of the Nord Stream Two gas pipeline on the Baltic seabed, from Russia to Germany. The other agreement will see Gazprom’s full takeover of Wintershall’s gas marketing business and gas storages within Germany, in return for Wintershall acquiring minority …read more
Source: The Jamestown Foundation
