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German State to Create Foundation to Facilitate Nord Stream 2 Pipeline Completion

1/6/2021

FRANKFURT (Reuters) — The German state of Mecklenburg-Vorpommern plans to set up a foundation to facilitate the completion of the Nord Stream 2 (NS2) pipeline to bring Russian gas to Germany and to fend off the threat of increased U.S. sanctions that halted work last year. The $11 billion pipeline would double the existing Nord Stream pipeline's capacity and has become a focal point of Russia's confrontation with the West. The United States has said Europe is undermining its energy security by increasing its reliance on Russian gas, while Russia says the United States is using sanctions to block the pipeline and protect its own natural gas industry. A spokesman for the state premier's o

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