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Germany Shuts Nord Stream for Repair, and Europe Holds its Breath-Peter Zeihan
 Germany shut down the Nord Stream 1 Pipeline today for a pre-scheduled 10-day maintenance period. Whether or not Russian natural gas will resume westward flows to Germany after repairs are made is anybody's guess. The 55 bcm/yr pipeline is a key component of the energy détente forged between Germany--the economic and manufacturing heart of Europe--and post-Cold War Russia. It has also inculcated a German dependency on Russian gas that has shaped German economic and security policy (and, by extension, Europe's) since the project first entered the planning phase over 20 years ago. Posted by: DarthVader 2022-07-11 |
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