OMVKY - Euro gas crisis - update on Nord Stream II

The heavily disputed Nord Stream II natural gas pipeline from Russia to Germany has returned to the news this week, with a Russian military buildup on Ukraine's border leading the White House to threaten sanction against the gas pipe Nord Stream II, long under sanction by the Trump administration for it's "ability to tighten Russia's grip over European energy supplies", was successfully completed earlier this year, despite US sanctions In a somewhat unusual turn of events, following completion of the pipeline and in the midst of a continental energy crisis, Germany has refused to allow the pipeline to flow gas, citing legal issues Currently Ukraine, the largest pathway for Russian gas pipelines into Europe, is seeing volumes down 24% YoY through November to levels as low as 40 billion cubic meters ("bcm") annualized, suggesting the Country's pipeline network could be bypassed entirely if Nord Stream II and its ~55bcm of capacity were allowed online

For further details see:

Euro gas crisis - update on Nord Stream II