Why Might The US Let An American Investor Purchase The Bankrupt Nord Stream Project?

Andrew Korybko
Andrew Korybko's Newsletter

Observers should keep an eye on this since it’s a low-probability but high-impact scenario.

The Wall Street Journal reported last week that “A Miami Financier Is Quietly Trying to Buy Nord Stream 2 Gas Pipeline” if it soon goes to auction in a Swiss bankruptcy proceeding. They described how Stephen P. Lynch has a history of conducting business in Russia and he’s also quoted as saying “This is a once-in-a-generation opportunity for American and European control over European energy supply for the rest of the fossil-fuel era.” That’s true, and it could play a key role in any grand Russian-US compromise.

Everyone Missed The Most Important Part Of The First Putin-Scholz Call In Two Yearsearlier this month after Putin made a pass at Scholz hinting that the last undamaged part of this project could be put back to use if Germany helps de-escalate the Ukrainian Conflict instead of contributing to its escalation. Germany is on the brink of a recession due in large part to high energy costs brought about by its compliance with US pressure to sanction Russia. It’s therefore interested in cheap and reliable energy.

At the same time, Trump is expected to pressure the EU into supporting his trade war against China. This will already be difficult enough to do as it is, especially since China and the EU are about to patch up their electric vehicle dispute and China is the EU’s second-largest trade partner.


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