Gas for Europe

Europe gets 40% of its natural gas from Russia through a pipeline that crosses Ukraine. In 1997 a new pipeline called Nord Stream 2 started. It was to by pass Ukraine and go under the Baltic Sea. Trump was concerned that Europe would become dependent on Russia for natural gas and used threats to have Germany shut down the line. This would not only keep Russian from having a monopoly on European gas supply but open the door for US natural gas. US exports of natural gas to Europe have been rising each year as the US brings more liquefied natural gas (LNG) facilities online. Biden has change US policy and the result is the pipeline construction is once again OK. Russia will likely be more complementary than they were under Trump. America is back.