geopolitics-00179
Nord Stream 2

By Bojan Pancevski

The U.S. and Germany have reached an agreement allowing the completion of a controversial Russian natural gas pipeline, according to officials from Berlin and Washington, who expect to announce the deal as soon as Wednesday, bringing an end to years of tension between the two allies.

The Biden administration will set aside Washington’s longstanding opposition to the pipeline, Nord Stream 2, in a reversal of U.S. policy, ending years of speculation over the fate of the project, which has come to dominate European energy-sector forecasts. Germany under the agreement will agree to assist Ukraine in energy-related projects and diplomacy.

U.S. officials under the previous two presidential administrations opposed Nord Stream 2, which has been in development since 2012. President Biden, seeking closer ties with Europe and with Berlin in particular, waived U.S. sanctions against the pipeline firm, Nord Stream 2 AG, and its chief executive in May, signaling a change in the U.S. stance.