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German lawmaker calls for restart of Nord Stream pipeline

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German lawmaker calls for restart of Nord Stream pipeline

2025-01-05 11:56 Last Updated At:15:47

A German lawmaker has called for restart of the Nord Stream natural gas pipeline, as the halt of gas transit caused soaring energy prices in the European Union (EU) states.

The halt in Russian gas transit through Ukraine has heightened fears over supply shortages and soaring energy costs in Europe.

Both Ukraine and Russia announced the stoppage of Russian gas supplies through Ukraine's territory to Europe on Wednesday, pushing some EU countries to resort to costlier energy alternatives.

Sevim Dagdelen, left-wing Member of German Bundestag, wrote on her social media platform on Thursday that the halt of the transit of Russian gas in Europe further drives the energy price up, complaining that "the German government and the EU are happily watching the destruction of European industry due to high energy prices."

Dagdelen proposed that Germany should take immediate action to repair and restart the Nord Stream pipeline to alleviate the problem of natural gas shortages.

Dagdelen is not the first German lawmaker to call for the restart of the Nord Stream pipeline. Last September, Tino Chrupalla, co-chairman of the right-wing populist party Alternative for Germany, said that this submarine pipeline is the lifeline of German industry and that the Nord Stream pipeline must be repaired, restarted and protected.

On New Year's Day, European natural gas futures prices hit their highest level since October 2023 after Russia's natural gas supplies to Europe via Ukraine were stopped.

In addition, the supply cut has begun to affect many European countries, including Slovakia and its neighbor Poland.

Slovak Prime Minister Robert Fico on Wednesday said that the halt will have "severe consequences for all of us in the European Union (EU), but will not harm Russia."

Fico said that Slovakia stands to lose hundreds of millions of euros in gas transit fees, while its citizens will face higher gas and electricity bills. He criticized major EU nations for prioritizing geopolitical goals at the expense of smaller countries' interests and needs.

On the same day, Slovakia's gas importer, SPP, announced that it has contingency plans in place to ensure gas supplies through alternative channels, such as utilizing pipelines from Germany and Hungary. However, this will incur additional transit fees.

At present, Slovakia is considering taking retaliatory measures against Ukraine. The ruling coalition in Slovakia has reached a preliminary agreement to stop the supply of electricity to Ukraine and significantly reduce support for Ukrainian citizens in Slovakia. The government is expected to announce the decision next Tuesday.

Meanwhile, in Slovakia's neighbor Poland, some officials have proposed that if Slovakia cuts off the power supply to Ukraine, Poland is willing to transport electricity from its own power plants to help Ukraine through the difficulties.

In this regard, Lukasz Wojdyga, director of the Center for Strategic Studies of the Warsaw Enterprise Institute, pointed out that Poland's electricity production mainly relies on coal, and the additional emission costs it pays account for 60 percent of the energy price, making Poland one of the countries with the most expensive electricity prices in the European Union. If Poland is determined to help Ukraine fill the electricity gap, transmitting electricity to Ukraine will further increase costs, and ultimately the interests of its own consumers will be harmed, he noted.

German lawmaker calls for restart of Nord Stream pipeline

German lawmaker calls for restart of Nord Stream pipeline

German lawmaker calls for restart of Nord Stream pipeline

German lawmaker calls for restart of Nord Stream pipeline

Officials and business leaders from both China and the United States gathered in Berkeley, California on Friday to discuss the future of trade and investment between China and the San Francisco Bay Area, with many hoping to overcome the recent strain brought by the Trump administration's tariffs.

The China Council for the Promotion of International Trade hosted a business breakfast exchange meeting on Friday morning, with the council's chairman Ren Hongbin sending out a clear message of the vast economic potential which is there to be tapped into.

"The Chinese economy is very much innovation driven. And the strategic emerging industries, such as new energy, new materials, low carbon, aerospace, bio-pharmacy and the low-altitude economy, will generate a trillion-yuan level or even larger markets. So, I think that will provide enormous opportunities and room for China and U.S. companies to cooperate," said Ren.

He further stressed the China International Supply Chain Expo in Beijing as an example of an event where San Francisco Bay Area companies like NVIDIA and Apple were active participants and direct beneficiaries.

Meanwhile, Chinese Consul General in San Francisco Zhang Jianmin said that against the backdrop of a global economic slowdown, greater cooperation in the innovation sector is now more important than ever.

"The [San Francisco] Bay Area is home to many of the world's top tech companies and offers a sound innovation ecosystem. China has a super big market, rich application scenarios and a complete industrial supporting system. There exists tremendous potential for both sides to have more mutually beneficial cooperation by tapping into their complementary strengths," said Zhang.

Attendees did voice concerns over how the Trump administration's tariffs are impacting business.

With China accounting for nearly 30 percent of the Port of Oakland's total trade volume, the port's executive director Kristi McKenney stressed the need for greater stability and certainty.

"The tariffs in many cases were never actually implemented or were changed before they were implemented. So those linkages are a bit more challenging. I think the bigger issue will be certainty in the economy. And if there's lack of certainty, if we see economic difficulty, then you're going to see job losses," said McKenney.

Oakland's Mayor Barbara Lee said that it is very much business as usual, despite the recent difficulties.

"While we understand the challenges of tariffs, the exports and imports are still continuing, and our port is still a large containerized port doing business with China. And we're going to strengthen that relationship. We may have our differences on issues, on policies, but we here in Oakland understand that we're a global city and we believe the trade brings friendships, brings understanding, and also brings economic benefits to both countries," she said.

Chinese, US officials, business leaders meet in California to deepen mutual understanding

Chinese, US officials, business leaders meet in California to deepen mutual understanding

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