The recent International Economic Forum in St. Petersburg has been attracting attention. The news continues to shake people every day, from "Russia has reduced the dollar of its international currency reserves to zero, and the momentum of de-dollarization is unstoppable" to Russia's announcement that "the first Nord Stream 2 pipeline has been laid, and the second pipeline will be completed in two months".
This news made Germany and Russia the most happy, because behind the project there was a bitterness that was not for outsiders. Germany, in particular, has always participated in and fully supported this project under tremendous pressure from the United States. Even in order to ensure the smooth progress of the project, the first escort construction ship was dispatched. This is enough to show the importance of the Nord Stream 2 project.
So, what kind of project is it, and what does it entail?Nord Stream 2 is a joint project of Gazprom and five European companies, of which Gazprom is the sole shareholder of Nord Stream 2 JSC and is responsible for the implementation of the entire project. This time, the investment in Nord Stream 2 is up to $9.5 billion, while Gazprom will bear half of the cost.
The main aim of this huge project is to open the Russian Baltic Sea pipeline to Germany, providing 55 billion cubic meters of natural gas per year to EU countries. However, due to the tense relations between Russia and Ukraine, in order to ensure the smooth progress of Nord Stream 2, the project will be transported to Germany bypassing Ukraine, and then transported to other European countries by German trunk pipelines.
Prior to the completion of Nord Stream 2, the United States imposed several sanctions on the project in an attempt to encircle and intercept it. However, the success of Nord Stream 2 marks a relative loss of momentum for shale energy in the United States. Previously, the United States has been the main natural gas in Europe with the explosive production of shale energy. And the implementation of Nord Stream 2 has caused the United States to lose this monopoly.
There are two main reasons why the United States is losing its competitiveness. First of all, the United States has been using ships to transport natural gas to Europe and other countries, resulting in a long cycle and affecting the daily life of Europe and other countries. Second, shale energy in the United States is expensive, and the energy source remains high due to the barbaric way of extraction.
In the past, Europe had to rely on expensive gas from the United States** due to a lack of options. However, the success of Nord Stream 2 means that shale energy in the United States has become dispensable. After all, Nord Stream 2 offers a cheaper option that can be used 24 hours a day.
The reason why Nord Stream 2 was able to successfully break through the sanctions of the United States is not only a symbol of strength, but also contains some accidental factors. First of all, this project has the participation of the European Union, and the United States and the European Union have always been at odds. It is not in the interests of the United States to completely block the implementation of Nord Stream 2 that will lead to further tensions between the United States and Europe. Second, the United States would prefer to see closer economic ties between Russia and Europe than Russia's closer ties with Asia. Finally, the success of Nord Stream 2 poses a threat to the energy export of the United States, but in terms of energy exports, the United States does not have enough strength to impose sanctions, and it is necessary of the national strategy to prevent the smooth progress of Nord Stream 2.
The successful completion of Nord Stream 2 is not only a source of gloom for the United States, but also for Ukraine. Prior to that, Ukraine was able to receive $3 billion a year in transit fees. However, due to the opening of Nord Stream 2, Ukraine has lost this important income**. Ukraine** Zelensky threatened to say that he would not be able to "defend Europe and European values" with a well-equipped army. But such a threat is not something to fear in the eyes of the United States and Europe.
Regardless of which countries lose or gain from Nord Stream 2's success, it is in the best interest for the people of Europe. Having the most inexpensive, 24-hour natural gas is the greatest benefit for the people. The completion of Nord Stream 2 has brought tangible benefits to Europe, and this is the ultimate victory.
The news of the successful completion of Nord Stream 2 has attracted great attention in the international economic field, and this event will have far-reaching implications for the global energy landscape and international political relations. The article details the background of Nord Stream 2, its construction, and its implications for the United States and Ukraine, providing a deeper understanding of the complexity and importance of this project.
First of all, the article reveals the background of Nord Stream 2 as a joint project of Gazprom and five European companies. This international cooperation has provided European countries with large amounts of natural gas, which is expected to reduce natural gas** and provide cheaper and more sustainable energy for the population. This is a positive change for European countries, especially in terms of energy** independence from the United States.
Second, the article points to the loss of power in the United States in terms of energy. The repeated sanctions against Nord Stream 2 suggest that the United States sees it as a competitor and is trying to maintain its dominance in the European energy market through political means. However, the successful completion of Nord Stream 2 is undoubtedly a major challenge to US shale energy, which has lost its monopoly in Europe. It has also triggered a rethinking of US energy policy and whether it needs to adjust to the new landscape of the global energy market.
In addition, the article mentions the plight of Ukraine in this incident. Ukraine earns billions of dollars a year through transit fees, and the opening of Nord Stream 2 will lead to the loss of this important economy**. Ukraine's threat from Zelensky shows that the geopolitical implications of Nord Stream 2's success for some countries cannot be ignored. It has also raised concerns about changes in the international political landscape, especially in the context of Ukraine's complicated relations with Russia.
Overall, the news of the successful completion of Nord Stream 2 means that international economic and political relations will usher in a new transformation. The success of this project has had a profound impact on Russia, Europe and the global energy market, not only redefining the international energy landscape, but also intensifying competition and cooperation between countries. Such changes require countries to adjust their strategies in a timely manner to adapt to this new trend.
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Original work** in: Libo Observation.