Posted on 03/02/2022 9:15:03 AM PST by marcusmaximus
BERLIN–German oil and gas company Wintershall Dea AG, one of the investors in the now frozen Nord Stream 2 pipeline, said it would write off its 1 billion euro, or $1.1 billion, financing in the project and won't pursue new energy ventures in Russia.
Germany last week halted the $11 billion Nord Stream 2 project that would have doubled the capacity of an existing pipeline traveling along a similar route and linking Russian gas fields directly to Germany. The project was backed by a number of Western energy players, including Shell PLC, which said on Monday that it would end its involvement in financing the Nord Stream 2 project. The original pipeline, known as Nord Stream, remains in operation.
Wintershall Dea said Wednesday that it would stop payments to Russia immediately and discontinue all planning for new projects in the country. The company is co-owned by German chemical maker BASF SE and Russian billionaire Mikhail Fridman's investor group LetterOne.
(Excerpt) Read more at wsj.com ...
And if the Russians annex Ukraine, will the next 5 years change the German mind on this?
There are no magical energy solutions.
What did leftists use for light before candles?
Electricity.
LOL!
LOL!!
Hmmm...who, in recent memory, told them to do this...hmmm....
The Rus don't even have to annex Ukraine.
Just cut the pipelines at the border, and watch the Germans eat each other.
Kirya on 2nd March 2022
“The Rus don’t even have to annex Ukraine.
Just cut the pipelines at the border, and watch the Germans eat each other.”
The Ruskis did that and Germany survived.
Unsurprisingly, a thick-headed Pole doesn't understand logistics.
Kirya on 2nd March 2022
“The Rus don’t even have to annex Ukraine.
Just cut the pipelines at the border, and watch the Germans eat each other.”
Your leadership did “cut the pipelines” as you asked, eh?
But the Germans didn’t freeze
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