Trump Says U.S. to Compete With Russia for Europe Gas Market
- American LNG cargoes vie with pipeline supply from Gazprom
- Nord Stream 2 to boost Russia’s export capacity to Germany
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U.S. President Donald Trump eased his tone about a Russian natural gas pipeline to Germany after a one-on-one meeting with President Vladimir Putin, shifting from the harsh criticism he’d levied in Europe last week.
“We are going to be selling LNG and will have to be competing with the pipeline and I think we’ll compete successfully, although there is a little advantage locationally” because Russia is closer to buyers in Europe, Trump told reporters at a news conference with Putin after their meeting in Helsinki on Monday. “I’m not sure necessarily that it’s in the best interest of Germany or not but that was the decision that they made.”