BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
Business & Finance

New German CDU leader sticks to support for Nord Stream 2

  • The pipeline, which would double the capacity of the existing Nord Stream link from Russia to Germany and bypass Ukraine.
  • EU lawmakers passed a resolution on Thursday calling for the bloc to stop the completion of the Nord Stream 2 in response to Navalny's arrest.
Published Updated
By

BERLIN: The new chairman of Germany's ruling Christian Democrats (CDU) said on Monday he would not reconsider his support for the Nord Stream 2 pipeline to take Russian natural gas to Europe, despite US and European opposition to its completion.

Armin Laschet, whose election as CDU leader this month puts him in pole position to succeed Angela Merkel as chancellor, urged Russia to release Kremlin critic Alexei Navalny. But when pressed on domestic energy supply, he said "Germany decides".

Asked if he would be prepared to think again about the pipeline, Laschet replied: "No."

The pipeline, which would double the capacity of the existing Nord Stream link from Russia to Germany and bypass Ukraine, has met resistance from Washington, which wants to sell its own sea-borne liquefied natural gas to Europe.

Washington says Nord Stream 2 would increase Russia's economic and political leverage over the region. But Russia and Germany have long said it is just a commercial project.

EU lawmakers passed a resolution on Thursday calling for the bloc to stop the completion of the Nord Stream 2 in response to Navalny's arrest.

The consortium behind the pipeline said on Sunday a pipe-laying vessel has already started work in Danish waters ahead of the resumption of construction that was suspended in December 2019 following a threat of US sanctions.

More than 90% of the project, led by Russian gas giant Gazprom, is already complete.

Referencing his call for Navalny's immediate release, Laschet said this was a point of principle, "but you still have to look for opportunities to cooperate," he added.

Germany and Russia, he said, had maintained academic and business ties even at the height of the Cold War.

"A Paris agreement on climate change without Russia is only half effective, so this is an area where we have to cooperate with each other to find good solutions," he told reporters.

Asked whether Germany could be open to changing its position on Nord Stream 2 after Merkel speaks with US President Joe Biden, Laschet replied:

"We will talk in great detail about the direction of the relationship. Only, the question of Germany's energy supply is ultimately a question that Germany decides, in the European context."

Comments

Comments are closed for this article.