Nord Stream 2
The Biden administration has announced plans to impose sanctions on Nord Stream 2 AG, the company building a controversial gas pipeline from Russia to Germany.
The Nord Stream 2 pipeline connecting Russia to Germany has long been finished, and Europe is in desperate need of the gas. And yet, it's not flowing and it is unclear if and when the pipeline will be put in service.
The benchmark price for natural gas in Europe continued to rise in early trading on Wednesday, after spiking by 18 percent on Tuesday. The move comes after Germany's energy regulator temporarily suspended certification for the Nord Stream 2 gas pipeline that would link the country to Russia. Gas supplies in Europe have been under pressure for months, with prices rising sharply for consumers since the summer. Also, we look why factories in China are experiencing a shortage of workers.
28 Aug 2021
Germany's chancellor has met with the Ukrainian president as the completion of the Nord Stream 2 gas pipeline complicates relations. Ukraine currently makes billions for allowing Russian gas to transit the country.