Boots & Sabers

The blogging will continue until morale improves...

Owen

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1118, 11 Jul 18

Germany’s Gas

Trump is right.

Donald Trump‘s claim that Germany imports 70 per cent of its gas from Russia at a fiery Nato summit today is correct – and the country will soon receive even more.

The EU’s statistics agency, Eurostat, says that Russia is responsible for up to 75% of Germany’s total gas imports.

And experts say that figure could dramatically increase after a new pipeline between Russia and Germany opens in two years time.

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Donald Trump also questioned the role of the former German Chancellor Gerhard Schroeder who is now working for Gazprom.

Schroeder signed the deal for Nord Stream in haste after being ousted by Angela Merkel in a narrow election defeat in 2005.

Just weeks after leaving office, however, he started overseeing the implementation of the project for Gazprom.

Schroeder took up position as head of Nord Stream AG’s shareholder committee and has worked for the gas behemoth ever since.

The former politician is rumoured to have been paid millions by Gazprom and is set to pocket even more with the announcement of the second phase of the Nord Stream project.

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1118, 11 July 2018

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