Foreign-policy hawks worried that the new Nord Stream 2 gas pipeline from Russia to Germany would increase Moscow’s leverage over Europe. The first weeks after the pipeline’s completion are doing little to dispel their concerns.
In Europe, spot gas prices are at all-time highs and inventories are uncomfortably low. Fears are growing that a cold winter will force the region into a bidding war with Asia for liquefied natural gas shipments to keep lights and heaters on, and eyes are on Moscow to help out.
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