US, Russia discuss possibility of selling gas to Europe via Nord Stream

Source: Reuters

Senior Russian and American officials discussed bringing in an American investor for the Nord Stream pipeline projects, sources told Reuters.

Kirill Dmitriev, the Russian president’s special representative for investment and economic cooperation and head of the Russian Direct Investment Fund, and Jared Kushner, U.S. President Donald Trump’s son-in-law, took part in the talks. Both are also involved in talks aimed at ending the war between Russia and Ukraine.

Dmitriev and Kushner have met in Moscow and New York in recent weeks. It’s unclear how extensively they discussed Nord Stream at those meetings. The topic remains on the agenda, according to sources. Another source told Reuters that the two sides are unlikely to reach a deal in the medium term.

The White House, for its part, said U.S. authorities would need to approve any such deal and that no discussions about Nord Stream had taken place recently.

Kushner views business cooperation as a key factor in reaching a peace agreement, according to Reuters. A deal allowing American participation in the Nord Stream pipelines would let the U.S. profit from energy supplies to Europe after the war ends.

Dmitriev favors resuming sales of Russian gas to Germany. In September, he met with representatives of the U.S. Department of Energy and the Treasury Department and discussed potential U.S.-Russian energy initiatives.

Germany is Europe’s largest energy consumer. It is unclear how interested Washington is in reviving the flow of Russian gas to the country.

Before Russia’s full-scale invasion of Ukraine, most of Germany’s gas came from Russia via the Nord Stream 1 and Nord Stream 2 pipelines. After the war began, the flows stopped and the pipelines came under EU and U.S. sanctions.

Germany and other European countries, which are preparing to defend against Russian hybrid attacks and a possible invasion, are expected to oppose any resumption of Nord Stream’s operations.

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