Energy sector reports or announcements from European energy companies.

Serbian President Vučić Predicts U.S. Purchase of Nord Stream Pipeline for Russian Gas, Operational Within a Year

Dec 27, 2024, 09:08 AM

Serbian President Aleksandar Vučić has indicated that the Nord Stream pipeline could soon be sold to American investors, potentially becoming operational within a year. In a recent interview, Vučić emphasized Germany's urgent need for affordable Russian gas, suggesting that the remaining intact sections of the pipeline could be utilized to meet this demand. He forecasted that an agreement between the U.S. and Russia regarding Ukraine would facilitate this transaction, allowing the U.S. to charge a fee for the use of the pipeline while enabling Russian gas exports to Europe. This development comes amid ongoing discussions about energy security in Europe and the geopolitical implications of such a sale.